Bayshore Asset Management LLC Makes New $568,000 Investment in Dominion Energy Inc. $D

Bayshore Asset Management LLC acquired a new position in shares of Dominion Energy Inc. (NYSE:D) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,324 shares of the utilities provider’s stock, valued at approximately $568,000. Dominion Energy accounts for approximately 0.2% of Bayshore Asset Management LLC’s portfolio, making the stock its 29th biggest position.

Several other hedge funds have also modified their holdings of the stock. Motiv8 Investments LLC purchased a new stake in Dominion Energy during the 4th quarter worth about $25,000. Blueline Advisors LLC acquired a new stake in Dominion Energy in the 4th quarter valued at about $28,000. Triumph Capital Management purchased a new position in shares of Dominion Energy in the 3rd quarter valued at about $28,000. Costello Asset Management INC boosted its stake in shares of Dominion Energy by 66.7% in the 4th quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock valued at $29,000 after buying an additional 200 shares during the period. Finally, Advocate Investing Services LLC acquired a new position in shares of Dominion Energy during the fourth quarter worth about $29,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy News Roundup

Here are the key news stories impacting Dominion Energy this week:

• Positive Sentiment: Dominion shareholders approved the proposed $66.8 billion all-stock merger with NextEra Energy by an overwhelming margin, with approximately 671.3 million votes in favor. The approval removes a major transaction hurdle and supports the companies’ expected long-term strategic combination. Dominion Energy secures shareholder approval for merger with NextEra
• Neutral Sentiment: A Virginia panel backed a Dominion gas plant that could improve generation capacity and reliability, but the project may add a long-term charge to customers’ electric bills. The potential infrastructure benefit is therefore balanced by affordability concerns. Virginia panel backs Dominion gas plant
• Negative Sentiment: Arlington County plans to intervene in the merger review, citing rising electric bills and seeking greater scrutiny of the transaction. Other advocacy groups and Virginia officials are also requesting answers about how the merger could affect rates, increasing the risk of delays or additional conditions. Arlington to intervene in Dominion-NextEra merger
• Negative Sentiment: Dominion Power proposed a rate increase to recover approximately $922 million in fuel costs. Higher customer bills, repeated outage complaints and opposition to new transmission land acquisitions could intensify political and regulatory pressure on the utility. Dominion Power proposes price hike

Dominion Energy Trading Down 1.6%

D opened at $65.72 on Friday. Dominion Energy Inc. has a one year low of $55.85 and a one year high of $72.99. The company has a market cap of $57.80 billion, a P/E ratio of 22.90, a PEG ratio of 3.07 and a beta of 0.64. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. The business’s 50-day simple moving average is $68.76 and its 200-day simple moving average is $65.84.

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

Dominion Energy Dividend Announcement

The business also recently disclosed 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. This represents a $2.67 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, September 4th. Dominion Energy’s payout ratio is currently 93.03%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on D shares. Mizuho upped their target price on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Truist Financial decreased their price target on shares of Dominion Energy from $68.00 to $66.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Dominion Energy in a report on Wednesday, August 19th. TD Cowen raised shares of Dominion Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $69.00 to $80.00 in a research report on Wednesday, August 19th. Finally, UBS Group set a $80.00 price objective on shares of Dominion Energy in a report on Wednesday, August 19th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $69.93.

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.