Tocqueville Asset Management L.P. Makes New $27.86 Million Investment in Dominion Energy Inc. $D

Tocqueville Asset Management L.P. purchased a new position in Dominion Energy Inc. (NYSE:D) in the second quarter, Holdings Channel reports. The institutional investor purchased 407,908 shares of the utilities provider’s stock, valued at approximately $27,856,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. one8zero8 LLC bought a new position in Dominion Energy in the 2nd quarter worth about $311,000. Kentucky Farm Bureau Mutual Insurance Co purchased a new position in Dominion Energy during the 2nd quarter valued at about $2,331,000. Addison Advisors LLC bought a new stake in shares of Dominion Energy during the second quarter valued at about $56,000. NewEdge Wealth LLC purchased a new stake in shares of Dominion Energy in the second quarter worth about $5,404,000. Finally, Danske Bank A S purchased a new stake in shares of Dominion Energy in the second quarter worth about $2,124,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on D. Barclays reduced their price objective on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. BMO Capital Markets increased their target price on shares of Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. Jefferies Financial Group raised shares of Dominion Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $65.00 to $76.00 in a report on Thursday, May 28th. UBS Group set a $80.00 price target on shares of Dominion Energy in a research report on Wednesday. Finally, Weiss Ratings raised shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $69.93.

Dominion Energy Stock Down 0.4%

Shares of NYSE D opened at $68.36 on Thursday. The stock has a market capitalization of $60.12 billion, a P/E ratio of 23.82 and a beta of 0.65. Dominion Energy Inc. has a one year low of $55.85 and a one year high of $72.99. The firm’s 50 day simple moving average is $69.23 and its two-hundred day simple moving average is $65.56. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64.

Dominion Energy (NYSE:D) last announced its quarterly earnings data 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. 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 period in the previous year, the business posted $0.75 EPS. The business’s quarterly revenue was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, analysts expect that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

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

Dominion Energy 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.