Dominion Energy (NYSE:D) Shares Down 5.4% – Here’s What Happened

Dominion Energy Inc. (NYSE:DGet Free Report) shares traded down 5.4% during mid-day trading on Monday . The company traded as low as $56.63 and last traded at $56.2390. 1,816,767 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 5,300,295 shares. The stock had previously closed at $59.43.

Trending Headlines about Dominion Energy

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on D. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research report on Monday. Royal Bank Of Canada reissued a “sector perform” rating and set a $70.00 price target on shares of Dominion Energy in a research note on Tuesday, October 28th. BTIG Research initiated coverage on Dominion Energy in a research note on Wednesday, October 22nd. They issued a “neutral” rating for the company. Morgan Stanley lifted their price objective on Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. Finally, Evercore ISI initiated coverage on Dominion Energy in a research report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $64.75.

Read Our Latest Stock Report on Dominion Energy

Dominion Energy Trading Up 0.8%

The company has a 50 day moving average of $60.25 and a 200 day moving average of $59.37. The firm has a market cap of $50.04 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 1.64 and a beta of 0.70. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41.

Dominion Energy (NYSE:DGet Free Report) last issued its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same period last year, the business earned $0.98 earnings per share. The business’s revenue was up 14.9% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, research analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 20th. Shareholders of record on Friday, December 5th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Friday, December 5th. Dominion Energy’s dividend payout ratio is currently 90.82%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Triumph Capital Management acquired a new position in shares of Dominion Energy in the 3rd quarter worth approximately $28,000. Allworth Financial LP raised its position in Dominion Energy by 9.8% in the 3rd quarter. Allworth Financial LP now owns 31,423 shares of the utilities provider’s stock valued at $1,922,000 after purchasing an additional 2,807 shares during the last quarter. Swiss Life Asset Management Ltd boosted its stake in Dominion Energy by 6.6% in the third quarter. Swiss Life Asset Management Ltd now owns 728,790 shares of the utilities provider’s stock worth $44,580,000 after purchasing an additional 45,237 shares in the last quarter. Lantern Wealth Advisors LLC grew its holdings in shares of Dominion Energy by 60.5% during the third quarter. Lantern Wealth Advisors LLC now owns 8,034 shares of the utilities provider’s stock worth $491,000 after purchasing an additional 3,029 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC grew its holdings in shares of Dominion Energy by 417.3% during the third quarter. Vermillion & White Wealth Management Group LLC now owns 1,257 shares of the utilities provider’s stock worth $77,000 after purchasing an additional 1,014 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Company Profile

(Get Free Report)

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.

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