Vontobel Holding Ltd. Takes Position in Dominion Energy Inc. $D

Vontobel Holding Ltd. acquired a new position in Dominion Energy Inc. (NYSE:D) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,193 shares of the utilities provider’s stock, valued at approximately $624,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of D. Net Worth Advisory Group purchased a new position in Dominion Energy in the third quarter worth $325,000. IFM Investors Pty Ltd grew its stake in Dominion Energy by 2.8% during the 3rd quarter. IFM Investors Pty Ltd now owns 201,628 shares of the utilities provider’s stock worth $12,164,000 after buying an additional 5,549 shares during the last quarter. Shikiar Asset Management Inc. acquired a new position in Dominion Energy during the 3rd quarter valued at about $324,000. Yousif Capital Management LLC raised its stake in Dominion Energy by 3.5% in the third quarter. Yousif Capital Management LLC now owns 120,243 shares of the utilities provider’s stock valued at $7,355,000 after buying an additional 4,040 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Dominion Energy by 111.9% in the third quarter. Farther Finance Advisors LLC now owns 27,476 shares of the utilities provider’s stock valued at $1,681,000 after buying an additional 14,509 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on D. JPMorgan Chase & Co. dropped their price target on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research note on Thursday, December 11th. Barclays boosted their target price on shares of Dominion Energy from $63.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. BMO Capital Markets decreased their price target on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Wells Fargo & Company assumed coverage on shares of Dominion Energy in a research note on Tuesday, October 28th. They set an “overweight” rating and a $67.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a report on Monday, December 22nd. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $64.75.

Dominion Energy Stock Up 0.3%

NYSE:D opened at $59.21 on Monday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.84 and a quick ratio of 0.65. The company’s fifty day moving average price is $60.12 and its 200-day moving average price is $59.43. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.87. The firm has a market capitalization of $50.57 billion, a P/E ratio of 20.14, a PEG ratio of 1.70 and a beta of 0.70.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, beating the consensus estimate of $1.02 by $0.04. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.71 billion. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, equities research analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 20th. Stockholders of record on Friday, December 5th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.5%. Dominion Energy’s dividend payout ratio (DPR) is presently 90.82%.

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.