Diversify Advisory Services LLC Makes New Investment in Dominion Energy Inc. $D

Diversify Advisory Services LLC bought a new stake in Dominion Energy Inc. (NYSE:D) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,346 shares of the utilities provider’s stock, valued at approximately $1,500,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. acquired a new stake in Dominion Energy in the 2nd quarter worth about $4,986,439,000. Wellington Management Group LLP increased its holdings in shares of Dominion Energy by 46.2% during the fourth quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock worth $2,633,253,000 after purchasing an additional 14,197,581 shares during the period. Norges Bank acquired a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $655,142,000. Bank of New York Mellon Corp acquired a new stake in shares of Dominion Energy in the second quarter valued at approximately $697,388,000. Finally, Capital Research Global Investors boosted its stake in shares of Dominion Energy by 9.0% in the fourth quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider’s stock valued at $3,503,142,000 after buying an additional 4,940,692 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on D shares. BMO Capital Markets raised 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. TD Cowen raised Dominion Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $69.00 to $80.00 in a report on Wednesday. UBS Group set a $80.00 price target on Dominion Energy in a research report on Wednesday. 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. Finally, Jefferies Financial Group upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and increased their price objective for the stock from $65.00 to $76.00 in a research note on Thursday, May 28th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $69.93.

Dominion Energy Price Performance

Shares of NYSE:D opened at $68.36 on Thursday. The company has a market cap of $60.12 billion, a price-to-earnings ratio of 23.82 and a beta of 0.65. 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 firm has a 50 day simple moving average of $69.23 and a 200 day simple moving average of $65.56. Dominion Energy Inc. has a one year low of $55.85 and a one year high of $72.99.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The company’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. 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 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a 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.