Perigon Wealth Management LLC Invests $2.21 Million in Dominion Energy Inc. $D

Perigon Wealth Management LLC bought a new position in shares of Dominion Energy Inc. (NYSE:D) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 32,322 shares of the utilities provider’s stock, valued at approximately $2,207,000.

Other hedge funds have also recently bought and sold shares of the company. Motiv8 Investments LLC acquired a new position in Dominion Energy during the fourth quarter valued at approximately $25,000. Triumph Capital Management purchased a new position in shares of Dominion Energy in the 3rd quarter valued at $28,000. Beacon Financial Strategies CORP lifted its holdings in shares of Dominion Energy by 269.2% during the 2nd quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 350 shares in the last quarter. Blueline Advisors LLC acquired a new position in shares of Dominion Energy during the 4th quarter valued at $28,000. Finally, JPL Wealth Management LLC purchased a new stake in Dominion Energy during the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on D shares. Weiss Ratings upgraded Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Royal Bank Of Canada increased their target price on Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Morgan Stanley dropped their target price on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Jefferies Financial Group raised Dominion Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $65.00 to $76.00 in a research report on Thursday, May 28th. Finally, BMO Capital Markets upped their price target on Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $68.00.

Dominion Energy Stock Up 0.2%

Shares of Dominion Energy stock opened at $68.88 on Tuesday. The business has a 50-day moving average of $69.15 and a 200-day moving average of $65.45. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. The company has a market capitalization of $60.58 billion, a PE ratio of 24.00 and a beta of 0.65. Dominion Energy Inc. has a 1-year low of $55.85 and a 1-year high of $72.99.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.04 billion. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, equities analysts forecast that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy’s dividend payout ratio is presently 93.03%.

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.