9,212 Shares in Dominion Energy Inc. $D Bought by Lewis Asset Management LLC

Lewis Asset Management LLC bought a new stake in shares of Dominion Energy Inc. (NYSE:D) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,212 shares of the utilities provider’s stock, valued at approximately $563,000.

A number of other institutional investors have also recently bought and sold shares of the stock. CoreFirst Bank & Trust purchased a new stake in Dominion Energy during the second quarter valued at about $25,000. AlphaQuest LLC purchased a new position in Dominion Energy during the 1st quarter worth approximately $27,000. Westside Investment Management Inc. lifted its holdings in shares of Dominion Energy by 123.3% in the second quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 259 shares in the last quarter. Hanson & Doremus Investment Management acquired a new stake in shares of Dominion Energy in the third quarter worth $31,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Dominion Energy during the second quarter valued at $32,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on D. BTIG Research started coverage on Dominion Energy in a research note on Wednesday, October 22nd. They set a “neutral” rating on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research report on Monday. BMO Capital Markets cut their price objective on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Morgan Stanley boosted their target price on Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $70.00 price target on shares of Dominion Energy in a report on Tuesday, October 28th. Two 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $64.75.

Dominion Energy Trading Down 0.3%

Shares of D stock opened at $59.10 on Wednesday. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.87. The company has a market cap of $50.47 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 1.70 and a beta of 0.70. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41. The business’s 50 day moving average is $60.04 and its two-hundred day moving average is $59.48.

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

Dominion Energy Dividend Announcement

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