Lombard Odier Asset Management Switzerland SA Sells 22,000 Shares of Dominion Energy Inc. $D

Lombard Odier Asset Management Switzerland SA lessened its stake in shares of Dominion Energy Inc. (NYSE:D) by 22.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 76,890 shares of the utilities provider’s stock after selling 22,000 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in Dominion Energy were worth $4,505,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of D. Motiv8 Investments LLC bought a new position in shares of Dominion Energy during the 4th quarter worth approximately $25,000. Triumph Capital Management bought a new position in Dominion Energy during the 3rd quarter valued at about $28,000. Blueline Advisors LLC bought a new position in Dominion Energy during the 4th quarter valued at about $28,000. Costello Asset Management INC lifted its holdings in Dominion Energy by 66.7% during the 4th 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 last quarter. Finally, Advocate Investing Services LLC bought a new position in Dominion Energy during the 4th quarter valued at about $29,000. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on D shares. Seaport Research Partners downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Barclays lifted their price target on shares of Dominion Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Wall Street Zen downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Bank of America lifted their price objective on Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Finally, Scotiabank lifted their price objective on Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $67.69.

Dominion Energy Trading Up 0.5%

Shares of NYSE D opened at $68.51 on Wednesday. Dominion Energy Inc. has a 1-year low of $53.36 and a 1-year high of $69.25. The company has a market cap of $60.25 billion, a PE ratio of 20.27 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. The company has a 50-day moving average of $64.60 and a two-hundred day moving average of $62.36.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The company had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.43 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The company’s revenue was up 23.1% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, equities analysts expect that Dominion Energy Inc. will post 3.59 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 20th. Stockholders of record on Friday, May 29th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.9%. Dominion Energy’s payout ratio is presently 78.99%.

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.