21,034 Shares in Dominion Energy Inc. $D Bought by Equitable Holdings Inc.

Equitable Holdings Inc. purchased a new position in shares of Dominion Energy Inc. (NYSE:D) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,034 shares of the utilities provider’s stock, valued at approximately $1,436,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Planning LLC grew its position in shares of Dominion Energy by 0.9% during the second quarter. Cornerstone Planning LLC now owns 17,280 shares of the utilities provider’s stock worth $1,180,000 after buying an additional 157 shares in the last quarter. Capital Analysts LLC raised its holdings in Dominion Energy by 2.4% in the fourth quarter. Capital Analysts LLC now owns 6,651 shares of the utilities provider’s stock valued at $390,000 after acquiring an additional 157 shares in the last quarter. Arlington Trust Co LLC raised its holdings in Dominion Energy by 47.1% in the second quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 160 shares in the last quarter. Navalign LLC lifted its stake in Dominion Energy by 1.2% in the first quarter. Navalign LLC now owns 14,229 shares of the utilities provider’s stock worth $880,000 after acquiring an additional 162 shares during the last quarter. Finally, Conning Inc. lifted its stake in Dominion Energy by 0.5% in the fourth quarter. Conning Inc. now owns 33,217 shares of the utilities provider’s stock worth $1,946,000 after acquiring an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, July 22nd. UBS Group set a $80.00 price objective on shares of Dominion Energy in a research report on Wednesday, August 19th. TD Cowen upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $69.00 to $80.00 in a research note on Wednesday, August 19th. Morgan Stanley dropped their target price on Dominion Energy from $71.00 to $68.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Finally, Wall Street Zen downgraded Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $69.93.

Dominion Energy Trading Down 1.5%

Shares of Dominion Energy stock opened at $65.50 on Friday. 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 company has a fifty day simple moving average of $69.03 and a 200-day simple moving average of $65.78. The stock has a market cap of $57.61 billion, a price-to-earnings ratio of 22.82 and a beta of 0.65. Dominion Energy Inc. has a 12-month low of $55.85 and a 12-month high of $72.99.

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

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.1%. Dominion Energy’s payout ratio is 93.03%.

Dominion Energy Profile

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.