Diversify Advisory Services LLC Takes Position in Dominion Energy Inc. $D

Diversify Advisory Services LLC acquired a new position in Dominion Energy Inc. (NYSE:D) during the 2nd quarter, HoldingsChannel reports. The fund acquired 21,346 shares of the utilities provider’s stock, valued at approximately $1,500,000.

A number of other institutional investors and hedge funds have also bought and sold shares of D. Motiv8 Investments LLC acquired a new position in Dominion Energy during the 4th quarter worth about $25,000. Blueline Advisors LLC bought a new position in shares of Dominion Energy during the fourth quarter worth about $28,000. Triumph Capital Management acquired a new position in shares of Dominion Energy in the third quarter worth approximately $28,000. Costello Asset Management INC boosted its holdings in Dominion Energy by 66.7% in the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. Finally, Advocate Investing Services LLC acquired a new stake in Dominion Energy during the 4th quarter valued at approximately $29,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Down 0.4%

NYSE:D opened at $68.36 on Thursday. Dominion Energy Inc. has a 12 month low of $55.85 and a 12 month high of $72.99. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $60.12 billion, a price-to-earnings ratio of 23.82 and a beta of 0.65. The firm has a fifty day simple moving average of $69.23 and a two-hundred day simple moving average of $65.56.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.11. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Analysts expect that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.

Dominion Energy Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on D. UBS Group set a $80.00 price target on shares of Dominion Energy in a research report on Wednesday. Royal Bank Of Canada lifted their target price on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Wells Fargo & Company boosted their target price on shares of Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Weiss Ratings raised shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 22nd. Finally, Barclays decreased their price target on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $69.93.

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.