Trust Co. of Vermont Takes Position in Dominion Energy Inc. $D

Trust Co. of Vermont purchased a new position in shares of Dominion Energy Inc. (NYSE:D) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 16,144 shares of the utilities provider’s stock, valued at approximately $1,102,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bryn Mawr Trust Advisors LLC bought a new position in shares of Dominion Energy in the second quarter valued at $7,346,000. Ausbil Investment Management Ltd acquired a new position in shares of Dominion Energy during the second quarter valued at about $4,603,000. North Dakota State Investment Board bought a new stake in shares of Dominion Energy during the fourth quarter worth about $1,715,000. Florida Trust Wealth Management Co increased its position in shares of Dominion Energy by 51.6% during the second quarter. Florida Trust Wealth Management Co now owns 67,185 shares of the utilities provider’s stock worth $4,588,000 after acquiring an additional 22,870 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Dominion Energy in the 2nd quarter worth about $7,645,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.2%

Dominion Energy stock opened at $68.64 on Wednesday. Dominion Energy Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $72.99. The stock has a market cap of $60.37 billion, a PE ratio of 23.92 and a beta of 0.65. The firm’s 50-day simple moving average is $69.20 and its 200 day simple moving average is $65.50. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.68 by $0.11. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The firm had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same quarter last year, the business posted $0.75 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Research analysts predict that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be given a dividend of $0.6675 per share. 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 (DPR) is presently 93.03%.

Analyst Ratings Changes

Several brokerages recently weighed in on D. Weiss Ratings raised shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 22nd. Jefferies Financial Group raised Dominion Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $65.00 to $76.00 in a report on Thursday, May 28th. BMO Capital Markets increased their price objective on Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. Royal Bank Of Canada raised their target price on Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Finally, Barclays cut their target price on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $68.00.

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.