Tradewinds LLC. Invests $1.37 Million in Dominion Energy Inc. $D

Tradewinds LLC. purchased a new stake in Dominion Energy Inc. (NYSE:D) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 22,329 shares of the utilities provider’s stock, valued at approximately $1,366,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Patton Fund Management Inc. bought a new position in shares of Dominion Energy during the second quarter valued at $235,000. Rockefeller Capital Management L.P. increased its position in shares of Dominion Energy by 6.9% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 186,885 shares of the utilities provider’s stock worth $10,563,000 after purchasing an additional 12,041 shares in the last quarter. Kera Capital Partners Inc. bought a new position in Dominion Energy during the 3rd quarter valued at about $3,574,000. Vanguard Group Inc. boosted its position in Dominion Energy by 16.2% in the second quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock valued at $5,979,551,000 after buying an additional 14,715,895 shares in the last quarter. Finally, Bryn Mawr Trust Advisors LLC grew its stake in Dominion Energy by 19.0% during the second quarter. Bryn Mawr Trust Advisors LLC now owns 104,710 shares of the utilities provider’s stock worth $5,918,000 after buying an additional 16,731 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on D. BMO Capital Markets cut their target price on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. JPMorgan Chase & Co. cut their price objective on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a research report on Thursday, December 11th. Wells Fargo & Company started coverage on Dominion Energy in a research note on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 price objective on the stock. Barclays increased their target price on Dominion Energy from $63.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, December 17th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $70.00 price target on shares of Dominion Energy in a report on Tuesday, October 28th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $64.78.

Dominion Energy Stock Up 1.3%

Shares of D opened at $61.15 on Monday. The business’s fifty day moving average price is $59.75 and its two-hundred day moving average price is $59.80. The firm has a market capitalization of $52.22 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 1.65 and a beta of 0.72. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.87. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.65 and a current ratio of 0.84.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.04. The business 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 9.60% and a net margin of 16.17%.The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. On average, analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, December 20th. Investors of record on Friday, December 5th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, December 5th. Dominion Energy’s payout ratio is 90.82%.

About Dominion Energy

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.