Hayek Kallen Investment Management Acquires Shares of 9,028 Dominion Energy Inc. $D

Hayek Kallen Investment Management acquired a new position in Dominion Energy Inc. (NYSE:D) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,028 shares of the utilities provider’s stock, valued at approximately $616,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cornerstone Planning LLC raised its position in Dominion Energy by 0.9% during the second quarter. Cornerstone Planning LLC now owns 17,280 shares of the utilities provider’s stock valued at $1,180,000 after purchasing an additional 157 shares during the period. Capital Analysts LLC boosted its stake in Dominion Energy by 2.4% during the fourth quarter. Capital Analysts LLC now owns 6,651 shares of the utilities provider’s stock worth $390,000 after buying an additional 157 shares during the period. Arlington Trust Co LLC increased its position in Dominion Energy by 47.1% during the second quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 160 shares during the last quarter. Navalign LLC increased its position in Dominion Energy by 1.2% during the first quarter. Navalign LLC now owns 14,229 shares of the utilities provider’s stock valued at $880,000 after acquiring an additional 162 shares during the last quarter. Finally, Conning Inc. raised its stake in shares of Dominion Energy by 0.5% in the fourth quarter. Conning Inc. now owns 33,217 shares of the utilities provider’s stock valued at $1,946,000 after acquiring an additional 176 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on D. BMO Capital Markets lifted their price target 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. Mizuho increased their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Seaport Research Partners downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. UBS Group set a $80.00 target price on Dominion Energy in a research note on Wednesday, August 19th. Finally, Wells Fargo & Company increased their price target on Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $69.93.

Dominion Energy Stock Down 0.6%

Shares of D opened at $66.48 on Friday. The firm has a fifty day moving average price of $69.09 and a 200-day moving average price of $65.78. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $58.47 billion, a P/E ratio of 23.16 and a beta of 0.65. Dominion Energy Inc. has a 12-month low of $55.85 and a 12-month high of $72.99.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, topping 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 company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter last year, the firm posted $0.75 EPS. The firm’s revenue was up 17.6% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities research analysts expect that Dominion Energy Inc. will post 3.57 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.0%. Dominion Energy’s dividend payout ratio (DPR) is 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.