Texas Capital Bank Wealth Management Services Inc Acquires New Shares in Dominion Energy Inc. $D

Texas Capital Bank Wealth Management Services Inc purchased a new stake in Dominion Energy Inc. (NYSE:D) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,687 shares of the utilities provider’s stock, valued at approximately $662,000.

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

Analysts Set New Price Targets

D has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Truist Financial cut their price objective on shares of Dominion Energy from $68.00 to $66.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. Morgan Stanley reduced their price objective on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Wells Fargo & Company increased their target price on shares of Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Finally, Royal Bank Of Canada raised their target price on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $68.00.

Dominion Energy Trading Up 0.2%

Shares of NYSE:D opened at $68.88 on Tuesday. The business’s 50-day moving average is $69.15 and its 200 day moving average is $65.45. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. Dominion Energy Inc. has a 1 year low of $55.85 and a 1 year high of $72.99. The firm has a market capitalization of $60.58 billion, a P/E ratio of 24.00 and a beta of 0.65.

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

Dominion Energy Announces Dividend

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 paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, September 4th. Dominion Energy’s payout ratio is presently 93.03%.

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.