Brookstone Capital Management Lowers Position in Dominion Energy Inc. $D

Brookstone Capital Management decreased its holdings in shares of Dominion Energy Inc. (NYSE:D) by 6.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 180,377 shares of the utilities provider’s stock after selling 12,270 shares during the period. Brookstone Capital Management’s holdings in Dominion Energy were worth $11,151,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in Dominion Energy by 46.2% in the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock worth $2,633,253,000 after acquiring an additional 14,197,581 shares during the last quarter. Norges Bank bought a new stake in shares of Dominion Energy during the 4th quarter valued at about $655,142,000. Capital Research Global Investors grew its holdings in shares of Dominion Energy by 22.4% during the third quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock worth $3,355,175,000 after purchasing an additional 10,049,691 shares in the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in shares of Dominion Energy during the fourth quarter worth about $125,495,000. Finally, State Street Corp increased its position in shares of Dominion Energy by 3.6% in the fourth quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock worth $2,848,662,000 after purchasing an additional 1,686,050 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Shares of NYSE D opened at $67.94 on Tuesday. The stock has a market cap of $59.75 billion, a price-to-earnings ratio of 20.10 and a beta of 0.65. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. Dominion Energy Inc. has a 1-year low of $54.25 and a 1-year high of $69.28. The stock’s 50-day moving average is $65.01 and its 200 day moving average is $62.55.

Dominion Energy (NYSE:D) last released its earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The company had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.43 billion. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.Dominion Energy’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, sell-side analysts anticipate that Dominion Energy Inc. will post 3.59 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 20th. Stockholders of record on Friday, May 29th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, May 29th. Dominion Energy’s payout ratio is presently 78.99%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on D. Jefferies Financial Group raised shares of Dominion Energy from a “hold” rating to a “buy” rating and raised their target price for the company from $65.00 to $76.00 in a research note on Thursday, May 28th. Weiss Ratings raised shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Bank of America raised their price objective on shares of Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Truist Financial dropped their price objective on shares of Dominion Energy from $67.00 to $66.00 and set a “hold” rating for the company in a report on Friday, May 29th. Finally, Seaport Research Partners lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $67.69.

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.