WESPAC Advisors LLC Acquires New Holdings in Dominion Energy Inc. $D

WESPAC Advisors LLC bought a new stake in shares of Dominion Energy Inc. (NYSE:D) in the 3rd quarter, Holdings Channel.com reports. The fund bought 9,339 shares of the utilities provider’s stock, valued at approximately $571,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC lifted its stake in Dominion Energy by 64.3% in the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after buying an additional 3,553 shares in the last quarter. Empowered Funds LLC increased its position in Dominion Energy by 8.3% during the first quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock worth $985,000 after buying an additional 1,344 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Dominion Energy by 40.7% in the first quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock worth $3,979,000 after acquiring an additional 20,522 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of Dominion Energy by 71.2% in the first quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock valued at $1,708,000 after acquiring an additional 12,663 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Dominion Energy by 14.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,008 shares of the utilities provider’s stock valued at $170,000 after acquiring an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 1.0%

Shares of NYSE:D opened at $58.96 on Wednesday. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.87. The stock has a 50-day simple moving average of $59.75 and a 200-day simple moving average of $59.73. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.65 and a current ratio of 0.84. The stock has a market capitalization of $50.35 billion, a P/E ratio of 20.05, a PEG ratio of 1.58 and a beta of 0.72.

Dominion Energy (NYSE:D) last announced its quarterly earnings results 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. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the prior year, the company earned $0.98 EPS. The firm’s revenue was up 14.9% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Equities analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 20th. Stockholders of record on Friday, December 5th were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.5%. Dominion Energy’s dividend payout ratio (DPR) is currently 90.82%.

Wall Street Analyst Weigh In

D has been the subject of several analyst reports. Barclays boosted their target price on shares of Dominion Energy from $63.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. BTIG Research began coverage on shares of Dominion Energy in a research note on Wednesday, October 22nd. They set a “neutral” rating on the stock. TD Cowen initiated coverage on shares of Dominion Energy in a research report on Friday, January 9th. They set a “hold” rating and a $65.00 target price on the stock. Morgan Stanley boosted their price target on Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. Finally, Wells Fargo & Company initiated coverage on Dominion Energy in a report on Tuesday, October 28th. They set an “overweight” rating and a $67.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Dominion Energy has an average rating of “Hold” and an average price target of $64.78.

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.