410,701 Shares in Dominion Energy Inc. $D Bought by Corient Private Wealth LP

Corient Private Wealth LP bought a new position in shares of Dominion Energy Inc. (NYSE:D) during the 2nd quarter, Holdings Channel.com reports. The firm bought 410,701 shares of the utilities provider’s stock, valued at approximately $17,948,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Dominion Energy during the second quarter worth about $4,986,439,000. Bank of America Corp DE acquired a new position in shares of Dominion Energy in the second quarter worth approximately $996,984,000. Wellington Management Group LLP boosted its holdings in Dominion Energy by 46.2% in the fourth quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock valued at $2,633,253,000 after acquiring an additional 14,197,581 shares during the last quarter. Norges Bank bought a new stake in Dominion Energy in the fourth quarter valued at approximately $655,142,000. Finally, Bank of New York Mellon Corp acquired a new stake in Dominion Energy during the 2nd quarter valued at approximately $697,388,000. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on D shares. Jefferies Financial Group upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $65.00 to $76.00 in a research report on Thursday, May 28th. UBS Group set a $80.00 target price on shares of Dominion Energy in a research note on Wednesday, August 19th. Wall Street Zen lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Wells Fargo & Company upped their price target on shares of Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Finally, Truist Financial decreased their price target on Dominion Energy from $68.00 to $66.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $69.93.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $65.50 on Friday. The business has a 50-day simple moving average of $69.03 and a 200 day simple moving average of $65.78. Dominion Energy Inc. has a one year low of $55.85 and a one year high of $72.99. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. The firm has a market capitalization of $57.61 billion, a price-to-earnings ratio of 22.82 and a beta of 0.65.

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

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be paid 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 yield of 4.1%. Dominion Energy’s payout ratio is 93.03%.

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.