Janney Montgomery Scott LLC Sells 9,040 Shares of Dominion Energy Inc. $D

Janney Montgomery Scott LLC reduced its holdings in shares of Dominion Energy Inc. (NYSE:D) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 692,160 shares of the utilities provider’s stock after selling 9,040 shares during the period. Janney Montgomery Scott LLC’s holdings in Dominion Energy were worth $42,789,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Motiv8 Investments LLC purchased a new stake in shares of Dominion Energy in the 4th quarter worth $25,000. Triumph Capital Management purchased a new position in Dominion Energy during the third quarter valued at $28,000. Blueline Advisors LLC purchased a new position in Dominion Energy during the fourth quarter valued at $28,000. Costello Asset Management INC grew its holdings in Dominion Energy by 66.7% during the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 200 shares during the period. Finally, Advocate Investing Services LLC bought a new stake in Dominion Energy during the fourth quarter valued at about $29,000. 73.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on D shares. Wall Street Zen cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Mizuho boosted their price target on Dominion Energy from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Weiss Ratings raised shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Wells Fargo & Company lifted their price objective 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, Jefferies Financial Group raised shares of Dominion Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $65.00 to $76.00 in a report on Thursday, May 28th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $67.62.

Dominion Energy Price Performance

NYSE:D opened at $69.40 on Monday. The business’s 50-day moving average is $65.48 and its 200 day moving average is $62.83. Dominion Energy Inc. has a 12 month low of $55.14 and a 12 month high of $70.17. The company has a market capitalization of $61.03 billion, a P/E ratio of 20.53 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 (NYSE:D) last released its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.43 billion. During the same quarter last year, the business posted $0.93 EPS. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, equities research analysts forecast that Dominion Energy Inc. will post 3.59 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 20th. Investors of record on Friday, May 29th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.8%. Dominion Energy’s dividend payout ratio (DPR) is 78.99%.

Dominion Energy Company 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.