Dominion Energy Inc. $D Shares Acquired by Verus Financial Partners Inc.

Verus Financial Partners Inc. lifted its position in Dominion Energy Inc. (NYSE:D) by 55.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,965 shares of the utilities provider’s stock after acquiring an additional 10,642 shares during the period. Verus Financial Partners Inc.’s holdings in Dominion Energy were worth $1,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in D. CoreFirst Bank & Trust acquired a new stake in shares of Dominion Energy in the second quarter valued at about $25,000. Westside Investment Management Inc. raised its position in shares of Dominion Energy by 123.3% during the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after buying an additional 259 shares during the period. Hanson & Doremus Investment Management acquired a new position in shares of Dominion Energy in the 3rd quarter valued at $31,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Dominion Energy during the second quarter valued at about $32,000. Finally, Capital A Wealth Management LLC raised its position in Dominion Energy by 5,038.5% in the second quarter. Capital A Wealth Management LLC now owns 668 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 655 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 1.6%

Shares of Dominion Energy stock opened at $59.92 on Friday. The stock has a market capitalization of $51.17 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.65 and a beta of 0.72. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.87. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41. The business’s 50 day simple moving average is $59.72 and its 200-day simple moving average is $59.86.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate 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 was up 14.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 EPS. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Equities research analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

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

Wall Street Analyst Weigh In

D has been the subject of a number of research reports. Morgan Stanley lifted their price objective on shares of Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada restated a “sector perform” rating and set a $70.00 price objective on shares of Dominion Energy in a research report on Tuesday, October 28th. Wells Fargo & Company cut their price target on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday. BMO Capital Markets reduced 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 report on Monday, November 3rd. Finally, Barclays lowered their price objective on shares of Dominion Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $64.33.

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.