Element Pointe Advisors LLC Makes New $536,000 Investment in Dominion Energy Inc. $D

Element Pointe Advisors LLC acquired a new position in Dominion Energy Inc. (NYSE:D) in the second quarter, Holdings Channel reports. The firm acquired 7,852 shares of the utilities provider’s stock, valued at approximately $536,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Energy Income Partners LLC purchased a new stake in shares of Dominion Energy in the second quarter valued at $84,236,000. Meeder Advisory Services Inc. purchased a new position in shares of Dominion Energy during the second quarter valued at $1,113,000. Citizens Financial Group Inc. RI acquired a new position in Dominion Energy during the second quarter valued at $647,000. Texas Capital Bank Wealth Management Services Inc acquired a new stake in Dominion Energy during the 2nd quarter worth about $662,000. Finally, UNIVEST FINANCIAL Corp acquired a new stake in Dominion Energy during the 2nd quarter worth about $215,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on D. Seaport Research Partners downgraded Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Wall Street Zen lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Morgan Stanley decreased their target price on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. BMO Capital Markets upped their price target on shares of Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company boosted their target price on Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $68.00.

Dominion Energy Trading Down 0.2%

NYSE:D opened at $68.64 on Wednesday. The company’s 50 day moving average is $69.20 and its 200-day moving average is $65.50. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.43. Dominion Energy Inc. has a 12 month low of $55.85 and a 12 month high of $72.99. The firm has a market cap of $60.37 billion, a price-to-earnings ratio of 23.92 and a beta of 0.65.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter last year, the firm posted $0.75 EPS. The business’s quarterly revenue was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities analysts anticipate that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy’s payout ratio is currently 93.03%.

About Dominion Energy

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.