Dominion Energy Inc. $D Stock Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its stake in Dominion Energy Inc. (NYSE:D) by 8.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 95,402 shares of the utilities provider’s stock after acquiring an additional 7,638 shares during the quarter. Kestra Advisory Services LLC’s holdings in Dominion Energy were worth $5,774,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in D. BlackRock Inc. bought a new position in Dominion Energy during the 2nd quarter worth about $4,986,439,000. State Street Corp lifted its holdings in shares of Dominion Energy by 3.5% in the second quarter. State Street Corp now owns 50,917,469 shares of the utilities provider’s stock valued at $3,477,154,000 after purchasing an additional 1,704,954 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Dominion Energy by 15.7% in the first quarter. Bank of America Corp DE now owns 15,930,241 shares of the utilities provider’s stock valued at $984,808,000 after purchasing an additional 2,164,951 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Dominion Energy in the second quarter valued at about $697,388,000. Finally, London Co. of Virginia boosted its position in shares of Dominion Energy by 45.3% during the first quarter. London Co. of Virginia now owns 6,943,525 shares of the utilities provider’s stock worth $429,250,000 after buying an additional 2,165,195 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on D. Morgan Stanley decreased their price objective on Dominion Energy from $68.00 to $66.00 and set an “equal weight” rating for the company in a report on Friday, September 18th. Jefferies Financial Group cut their target price 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. TD Cowen raised Dominion Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $69.00 to $80.00 in a research report on Wednesday, August 19th. BMO Capital Markets raised 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, Mizuho set a $68.00 price objective on shares of Dominion Energy in a report on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $69.33.

Key Headlines Impacting 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 Consumer Counsel has raised concerns about gaps in merger filings, including analysis of competitive effects and rate impacts, and whether customer protections would be enforceable. The criticism may complicate regulatory approval or require further review. Article: NextEra Energy draws fresh Virginia questions over merger consumer protections
• 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

Dominion Energy Stock Performance

Shares of NYSE D opened at $67.51 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 1.46. Dominion Energy Inc. has a 12 month low of $55.85 and a 12 month high of $72.99. The stock has a 50 day moving average of $64.12 and a 200-day moving average of $65.14. The company has a market capitalization of $59.38 billion, a P/E ratio of 22.43, a P/E/G ratio of 3.16 and a beta of 0.62.

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

Dominion Energy Announces Dividend

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

Dominion Energy Company Profile

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.