Simplicity Wealth LLC purchased a new position in shares of Dominion Energy Inc. (NYSE:D – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,732 shares of the utilities provider’s stock, valued at approximately $869,000.
A number of other hedge funds have also made changes to their positions in the business. Motiv8 Investments LLC purchased a new stake in Dominion Energy during the fourth quarter worth approximately $25,000. Blueline Advisors LLC purchased a new position in Dominion Energy in the fourth quarter valued at approximately $28,000. Triumph Capital Management purchased a new position in Dominion Energy in the third quarter valued at approximately $28,000. Costello Asset Management INC raised its holdings in Dominion Energy by 66.7% during the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Finally, Advocate Investing Services LLC acquired a new stake in Dominion Energy during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.
Dominion Energy Stock Down 0.0%
Shares of NYSE:D opened at $68.76 on Monday. Dominion Energy Inc. has a 1-year low of $55.85 and a 1-year high of $72.99. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. The stock has a market cap of $60.48 billion, a P/E ratio of 23.96 and a beta of 0.65. The firm has a fifty day moving average price of $69.09 and a 200 day moving average price of $65.39.
Dominion Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.9%. Dominion Energy’s payout ratio is presently 93.03%.
Key Stories Impacting Dominion Energy
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Dominion’s potential exposure to rising electricity demand from data centers is keeping the utility in focus. Growth in large-load customers could support long-term earnings and rate-base expansion. Why Is Dominion Energy in Focus as Data Center Demand Grows?
- Positive Sentiment: The Virginia State Corporation Commission ordered Dominion to directly assign some transmission costs to data centers and may consider extending the policy to additional upstream costs. Shifting more infrastructure costs to large customers could reduce pressure on residential ratepayers and improve the economics of serving data centers. Dominion Ordered to Assign Transmission Costs to Data Centers
- Positive Sentiment: Dominion completed tower upgrades and restoration work at the Lake Murray Dam and Saluda Hydroelectric Project in South Carolina. The completion strengthens the company’s hydroelectric infrastructure, although temporary boating restrictions remain. Dominion Completes Lake Murray Tower Upgrades
- Neutral Sentiment: Dominion Energy’s foundation opened its fall grant application period for nonprofits, while the company also issued customer energy-saving advice during the heat. These announcements support community relations but are unlikely to materially affect near-term earnings. Dominion Energy Foundation Opens Fall Grant Applications
- Negative Sentiment: Truist lowered its Dominion price target to $66 from $68 and maintained a “hold” rating, signaling limited expected upside from current levels. Truist Lowers Dominion Energy Price Target
- Negative Sentiment: Dominion is seeking approval for higher fuel-cost charges in North Carolina that could add roughly $23 per month to some customers’ bills. Proposed rate increases may improve cost recovery but risk political backlash, customer resistance and regulatory delays. Dominion Seeks North Carolina Fuel-Cost Increase
- Negative Sentiment: The proposed $67 billion merger with NextEra Energy is facing customer and political concerns, including questions about regulatory oversight and recusal issues involving Virginia officials. Increased scrutiny could complicate approval or extend the transaction timeline. Dominion Customers Raise Concerns Over NextEra Merger
Analyst Ratings Changes
D has been the subject of several research analyst reports. BMO Capital Markets upped their target price on shares of Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. Seaport Research Partners lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Mizuho boosted their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Barclays decreased their price objective on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Finally, Jefferies Financial Group raised Dominion Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from $65.00 to $76.00 in a report on Thursday, May 28th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $68.00.
Read Our Latest Analysis on Dominion Energy
Dominion Energy Profile
Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.
Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.
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