Midwest Professional Planners LTD. grew its holdings in shares of Dominion Energy Inc. (NYSE:D – Free Report) by 348.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 20,694 shares of the utilities provider’s stock after purchasing an additional 16,078 shares during the period. Midwest Professional Planners LTD.’s holdings in Dominion Energy were worth $1,279,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the business. Capital Analysts LLC lifted its holdings in shares of Dominion Energy by 2.4% during the 4th quarter. Capital Analysts LLC now owns 6,651 shares of the utilities provider’s stock valued at $390,000 after acquiring an additional 157 shares in the last quarter. Navalign LLC increased its holdings in Dominion Energy by 1.2% in the 1st quarter. Navalign LLC now owns 14,229 shares of the utilities provider’s stock valued at $880,000 after purchasing an additional 162 shares in the last quarter. Conning Inc. increased its holdings in Dominion Energy by 0.5% in the 4th quarter. Conning Inc. now owns 33,217 shares of the utilities provider’s stock valued at $1,946,000 after purchasing an additional 176 shares in the last quarter. Castle Rock Wealth Management LLC raised its position in Dominion Energy by 2.6% in the fourth quarter. Castle Rock Wealth Management LLC now owns 6,885 shares of the utilities provider’s stock valued at $422,000 after purchasing an additional 177 shares during the period. Finally, Mather Group LLC. raised its position in Dominion Energy by 3.4% in the fourth quarter. Mather Group LLC. now owns 5,400 shares of the utilities provider’s stock valued at $316,000 after purchasing an additional 178 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.
Dominion Energy Stock Performance
NYSE:D opened at $70.96 on Thursday. The firm has a 50-day moving average of $67.38 and a two-hundred day moving average of $63.83. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.78 and a quick ratio of 0.61. The stock has a market cap of $62.41 billion, a P/E ratio of 20.99 and a beta of 0.65. Dominion Energy Inc. has a 1-year low of $55.85 and a 1-year high of $71.57.
Dominion Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 20th. Shareholders of record on Friday, May 29th were issued a dividend of $0.6675 per share. The ex-dividend date was Friday, May 29th. This represents a $2.67 annualized dividend and a yield of 3.8%. Dominion Energy’s payout ratio is currently 78.99%.
Analyst Upgrades and Downgrades
D has been the subject of several analyst reports. Wells Fargo & Company upped their target price on Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Bank of America raised their target price on Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Morgan Stanley reduced their price target on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Jefferies Financial Group upgraded Dominion Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $65.00 to $76.00 in a report on Thursday, May 28th. Finally, Weiss Ratings upgraded shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $67.62.
Check Out Our Latest Report on Dominion Energy
Key Stories Impacting Dominion Energy
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Dominion Energy and NextEra Energy filed applications seeking regulatory approval for their proposed combination, a deal that could create a stronger utility platform across fast-growing Southeastern markets and potentially unlock long-term strategic value. The companies said Virginia, North Carolina and South Carolina customers would receive $2.25 billion in shareholder-funded bill credits, and merger-related costs would not be passed on to customers. Article Title
- Positive Sentiment: Dominion’s stock also appears supported by a report that it reached a new 12-month high, suggesting recent momentum has been driven by investor optimism around its earnings profile, asset base and demand growth. Article Title
- Neutral Sentiment: Virginia regulators are still evaluating how to allocate transmission costs tied to Dominion’s large data-center load growth. While the issue reflects strong power demand in Dominion’s service territory, it also shows that the economics of serving these new customers remain under review. Article Title
- Neutral Sentiment: Local opposition continues around Dominion transmission-line projects in Loudoun County, including school board resistance and a potential Supreme Court fight. These headlines add political and permitting uncertainty, but they are project-specific rather than company-wide fundamentals. Article Title
- Negative Sentiment: Virginia Lt. Gov. Hashmi and other critics are urging scrutiny of the proposed $67 billion merger, which could slow approvals and increase regulatory risk. Article Title
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.
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