Dominion Energy Inc. $D Shares Newly Purchased by R Squared Ltd

R Squared Ltd bought a new stake in Dominion Energy Inc. (NYSE:D) during the third quarter, Holdings Channel.com reports. The institutional investor bought 17,186 shares of the utilities provider’s stock, valued at approximately $1,040,000. Dominion Energy makes up about 0.5% of R Squared Ltd’s investment portfolio, making the stock its 26th biggest position.

Several other hedge funds also recently bought and sold shares of D. Terril Brothers Inc. purchased a new position in shares of Dominion Energy during the 3rd quarter worth approximately $403,000. Fifth Third Bancorp increased its holdings in Dominion Energy by 4.3% in the 3rd quarter. Fifth Third Bancorp now owns 244,812 shares of the utilities provider’s stock valued at $14,816,000 after purchasing an additional 10,027 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in Dominion Energy by 12.7% in the 3rd quarter. Maryland State Retirement & Pension System now owns 53,647 shares of the utilities provider’s stock valued at $3,247,000 after purchasing an additional 6,052 shares during the last quarter. UNIVEST FINANCIAL Corp increased its holdings in Dominion Energy by 12.0% in the 3rd quarter. UNIVEST FINANCIAL Corp now owns 3,532 shares of the utilities provider’s stock valued at $214,000 after purchasing an additional 378 shares during the last quarter. Finally, Joel Isaacson & Co. LLC raised its position in Dominion Energy by 5.3% in the third quarter. Joel Isaacson & Co. LLC now owns 11,477 shares of the utilities provider’s stock valued at $695,000 after purchasing an additional 576 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on D shares. Jefferies Financial Group decreased their price target on Dominion Energy from $79.00 to $71.00 and set a “buy” rating on the stock in a research note on Monday, September 21st. Mizuho set a $68.00 price target on Dominion Energy in a research report on Monday, November 2nd. Wells Fargo & Company raised Dominion Energy to a “strong-buy” rating in a research note on Thursday, September 24th. Morgan Stanley cut their price objective on Dominion Energy from $68.00 to $66.00 and set an “equal weight” rating on the stock in a report on Friday, September 18th. Finally, Scotiabank decreased their target price on Dominion Energy from $67.00 to $63.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $69.33.

Dominion Energy Trading Down 0.8%

NYSE D opened at $67.51 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.69 and a current ratio of 0.88. The firm has a market cap of $59.38 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 3.16 and a beta of 0.62. The firm has a 50 day simple moving average of $64.12 and a 200-day simple moving average of $65.14. Dominion Energy Inc. has a one year low of $55.85 and a one year high of $72.99.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, October 30th. The utilities provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.07. The firm had revenue of $5.62 billion for the quarter, compared to the consensus estimate of $4.90 billion. Dominion Energy had a net margin of 13.99% and a return on equity of 10.09%. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 EPS. Equities research analysts anticipate that Dominion Energy Inc. will post 3.59 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 20th. Shareholders of record on Friday, December 4th will be paid a $0.6675 dividend. The ex-dividend date is Friday, December 4th. This represents a $2.67 annualized dividend and a dividend yield of 4.0%. Dominion Energy’s payout ratio is 88.70%.

Trending Headlines about Dominion Energy

Here are a few of the latest headlines about D:

• Neutral Sentiment: The proposed $67 billion Dominion–NextEra merger is drawing public feedback in South Carolina, including at a Public Service Commission hearing. The hearings are part of the review process; the reports do not indicate a decision on the deal. Article: Proposed $67B Dominion-NextEra merger prompts North Charleston customers to weigh in
• Negative Sentiment: Virginia Governor-elect Abigail Spanberger said assurances alone are insufficient on the merger, signaling that consumer protections and evidence will be closely scrutinized. This adds to uncertainty around the deal’s path to approval. Article: Spanberger says “Trust us” won’t cut it on Dominion merger
• Negative Sentiment: Dominion is seeking another rate increase as lawmakers hold an energy town hall. While approval could support utility revenues, the request may heighten affordability concerns and public or regulatory resistance. Article: Dominion seeks another rate hike as lawmakers hold energy town hall

About Dominion Energy

Dominion Energy, Inc. (NYSE: D) is an energy company focused primarily on regulated electric and natural gas utility services. Its businesses generate, transmit and distribute electricity and deliver natural gas to residential, commercial and industrial customers. The company’s electric utility operations serve customers in Virginia and northeastern North Carolina, as well as parts of South Carolina through Dominion Energy South Carolina. Its power portfolio includes nuclear, natural gas, solar and other energy sources.