58,425 Shares in Dominion Energy Inc. $D Purchased by Kera Capital Partners Inc.

Kera Capital Partners Inc. acquired a new stake in shares of Dominion Energy Inc. (NYSE:D) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 58,425 shares of the utilities provider’s stock, valued at approximately $3,574,000.

Other institutional investors have also recently made changes to their positions in the company. CoreFirst Bank & Trust purchased a new stake in shares of Dominion Energy during the second quarter worth $25,000. Westside Investment Management Inc. lifted its stake in Dominion Energy by 123.3% in the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 259 shares in the last quarter. Hanson & Doremus Investment Management purchased a new stake in shares of Dominion Energy in the third quarter valued at approximately $31,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Dominion Energy in the second quarter valued at approximately $32,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in Dominion Energy during the second quarter worth approximately $36,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on D shares. Barclays raised their target price on Dominion Energy from $63.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 17th. Wells Fargo & Company initiated coverage on shares of Dominion Energy in a report on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 target price on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $70.00 price target on shares of Dominion Energy in a report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. lowered 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. Two 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. Based on data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average target price of $64.78.

Dominion Energy Stock Up 1.0%

Shares of 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 company’s 50-day simple moving average is $59.75 and its 200-day simple moving average is $59.73. The stock has a market capitalization of $50.35 billion, a PE ratio of 20.05, a P/E/G ratio of 1.58 and a beta of 0.72. 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 earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.04. The firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The firm’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, December 20th. Shareholders of record on Friday, December 5th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.67 annualized dividend and a yield of 4.5%. Dominion Energy’s payout ratio is 90.82%.

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.