Icon Advisers Inc. Co. Boosts Holdings in Dominion Energy Inc. $D

Icon Advisers Inc. Co. grew its position in Dominion Energy Inc. (NYSE:D) by 78.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,875 shares of the utilities provider’s stock after purchasing an additional 40,000 shares during the quarter. Dominion Energy comprises approximately 1.2% of Icon Advisers Inc. Co.’s investment portfolio, making the stock its 21st biggest holding. Icon Advisers Inc. Co.’s holdings in Dominion Energy were worth $5,136,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in D. Patton Fund Management Inc. purchased a new position in shares of Dominion Energy during the 2nd quarter valued at approximately $235,000. Rockefeller Capital Management L.P. grew its position in Dominion Energy by 6.9% during the second quarter. Rockefeller Capital Management L.P. now owns 186,885 shares of the utilities provider’s stock valued at $10,563,000 after buying an additional 12,041 shares during the period. Bryn Mawr Trust Advisors LLC increased its holdings in Dominion Energy by 19.0% in the second quarter. Bryn Mawr Trust Advisors LLC now owns 104,710 shares of the utilities provider’s stock valued at $5,918,000 after buying an additional 16,731 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Dominion Energy by 16.2% in the second quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock worth $5,979,551,000 after acquiring an additional 14,715,895 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Dominion Energy by 5.4% during the 2nd quarter. Legal & General Group Plc now owns 7,669,476 shares of the utilities provider’s stock worth $433,479,000 after acquiring an additional 394,158 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

D has been the subject of several recent analyst reports. Morgan Stanley lifted their price target 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. JPMorgan Chase & Co. boosted their price objective on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 21st. BTIG Research started coverage on Dominion Energy in a research note on Wednesday, October 22nd. They set a “neutral” rating for the company. Wells Fargo & Company started coverage on shares of Dominion Energy in a research note on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 price target on the stock. Finally, BMO Capital Markets reduced their price objective on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average price target of $64.22.

Dominion Energy Trading Down 0.1%

Shares of D opened at $62.51 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The firm’s fifty day moving average is $60.83 and its two-hundred day moving average is $58.98. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.87. The stock has a market cap of $53.38 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 2.13 and a beta of 0.63.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.71 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Research analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, December 5th. Dominion Energy’s dividend payout ratio (DPR) is 90.82%.

Dominion Energy Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.