RiverFront Investment Group LLC Has $705,000 Stock Holdings in Dominion Energy Inc. $D

RiverFront Investment Group LLC grew its stake in shares of Dominion Energy Inc. (NYSE:D) by 15.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 12,477 shares of the utilities provider’s stock after acquiring an additional 1,662 shares during the quarter. RiverFront Investment Group LLC’s holdings in Dominion Energy were worth $705,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Westside Investment Management Inc. lifted its stake in Dominion Energy by 123.3% during the second quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after buying an additional 259 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Dominion Energy during the first quarter valued at approximately $27,000. Dagco Inc. purchased a new stake in shares of Dominion Energy in the 1st quarter valued at approximately $31,000. N.E.W. Advisory Services LLC acquired a new position in Dominion Energy in the 1st quarter worth approximately $34,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in Dominion Energy during the 2nd quarter worth approximately $36,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on D shares. Evercore ISI initiated coverage on Dominion Energy in a report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Royal Bank Of Canada restated a “sector perform” rating and set a $70.00 price objective on shares of Dominion Energy in a research report on Tuesday, October 28th. Wells Fargo & Company initiated coverage on Dominion Energy in a report on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 target price on the stock. Finally, BTIG Research began coverage on shares of Dominion Energy in a research report on Wednesday, October 22nd. They issued a “neutral” rating for the company. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $64.22.

Dominion Energy Stock Performance

Shares of NYSE D opened at $61.51 on Wednesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.52. The business’s 50-day moving average price is $60.66 and its two-hundred day moving average price is $58.84. The company has a market capitalization of $52.53 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 2.13 and a beta of 0.63.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.04. The business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.71 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm’s revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 EPS. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders of record on Friday, December 5th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, December 5th. Dominion Energy’s payout ratio is currently 90.82%.

Dominion Energy Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.