IFP Advisors Inc raised its position in Dominion Energy Inc. (NYSE:D – Free Report) by 196.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,197 shares of the utilities provider’s stock after acquiring an additional 19,333 shares during the quarter. IFP Advisors Inc’s holdings in Dominion Energy were worth $1,711,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. AustralianSuper Pty Ltd lifted its stake in shares of Dominion Energy by 1,785.9% during the 3rd quarter. AustralianSuper Pty Ltd now owns 519,100 shares of the utilities provider’s stock worth $31,753,000 after buying an additional 491,574 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Dominion Energy by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 106,158,920 shares of the utilities provider’s stock worth $6,493,741,000 after buying an additional 363,610 shares during the last quarter. ANTIPODES PARTNERS Ltd lifted its stake in shares of Dominion Energy by 84,502.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,735,194 shares of the utilities provider’s stock worth $106,150,000 after buying an additional 1,733,143 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Dominion Energy by 36.7% during the 3rd quarter. Citigroup Inc. now owns 2,422,315 shares of the utilities provider’s stock worth $148,173,000 after buying an additional 649,989 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in shares of Dominion Energy by 53.1% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 47,953 shares of the utilities provider’s stock worth $2,933,000 after buying an additional 16,635 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.
Dominion Energy Price Performance
NYSE:D opened at $67.77 on Friday. Dominion Energy Inc. has a 52 week low of $53.36 and a 52 week high of $68.97. The firm has a market cap of $59.60 billion, a price-to-earnings ratio of 20.05, a P/E/G ratio of 3.59 and a beta of 0.65. The firm’s 50-day simple moving average is $62.84 and its 200 day simple moving average is $61.64. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.78.
Dominion Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Saturday, June 20th. Shareholders of record on Friday, May 29th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 78.99%.
Analysts Set New Price Targets
D has been the subject of a number of research reports. Seaport Research Partners cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday. Truist Financial began coverage on shares of Dominion Energy in a research note on Tuesday, April 21st. They set a “hold” rating and a $67.00 target price for the company. Morgan Stanley lowered their price target on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Wall Street Zen lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Mizuho raised their price target on shares of Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $66.46.
Check Out Our Latest Stock Analysis on Dominion Energy
Dominion Energy News Roundup
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Dominion has been gaining momentum recently, with recent share-price strength reflecting improved investor sentiment and a broader rally in utilities, which were among the best-performing areas of the market this week. S&P 500 Posts Eighth Consecutive Weekly Gain Led by Health Care, Utilities
- Positive Sentiment: News coverage around Dominion’s all-stock merger agreement with NextEra Energy continues to support the stock, as investors evaluate the deal as a potentially transformative utility combination with long-term earnings growth potential. Dominion Energy to Merge With NextEra, Form Utility Behemoth
- Neutral Sentiment: Analyst and valuation-focused coverage suggests investors are also weighing whether Dominion’s recent run-up has already priced in much of the upside from the merger and the company’s improved outlook. Assessing Dominion Energy (D) Valuation After Recent Share Price Momentum
- Neutral Sentiment: Operational updates, such as crews responding to a downed tree and outage in Norfolk, appear routine and are unlikely to materially affect the stock on their own. Dominion Energy crews respond to downed tree, power outage on Meads Avenue in Norfolk
- Negative Sentiment: Some local and regulatory commentary around the proposed NextEra–Dominion transaction highlights caution over ratepayer impacts and distributed-energy concerns, which could create friction for the deal if scrutiny intensifies. The Commonwealth of Virginia Is Right to Proceed with Caution on the Proposed NextEra–Dominion Merger
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.
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