Dominion Energy Inc. $D Stock: Kestra Advisory Services LLC Raises Stake

Kestra Advisory Services LLC grew its holdings in Dominion Energy Inc. (NYSE:D) by 8.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 95,402 shares of the utilities provider’s stock after purchasing an additional 7,638 shares during the quarter. Kestra Advisory Services LLC’s holdings in Dominion Energy were worth $5,774,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of D. Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy in the second quarter valued at about $31,000. Signature Equity Partners LLC grew its holdings in Dominion Energy by 83.9% during the 3rd quarter. Signature Equity Partners LLC now owns 526 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 240 shares during the last quarter. Beacon Financial Strategies CORP grew its holdings in Dominion Energy by 269.2% during the 2nd quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 350 shares during the last quarter. Arlington Trust Co LLC grew its holdings in Dominion Energy by 47.1% during the 2nd quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 160 shares during the last quarter. Finally, Burnham & Co LLC acquired a new stake in Dominion Energy in the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Recent Dominion Energy Headlines

Here are a few of the latest headlines about D:

• Negative Sentiment: Virginia Consumer Counsel has raised concerns about gaps in merger filings, including analysis of competitive effects and rate impacts, and whether customer protections would be enforceable. The criticism may complicate regulatory approval or require further review. Article: NextEra Energy draws fresh Virginia questions over merger consumer protections
• Negative Sentiment: Virginia Governor-elect Abigail Spanberger said assurances alone are insufficient on the merger, signaling that consumer protections and evidence will be closely scrutinized. This adds to uncertainty around the deal’s path to approval. Article: Spanberger says “Trust us” won’t cut it on Dominion merger
• Negative Sentiment: Dominion is seeking another rate increase as lawmakers hold an energy town hall. While approval could support utility revenues, the request may heighten affordability concerns and public or regulatory resistance. Article: Dominion seeks another rate hike as lawmakers hold energy town hall

Dominion Energy Stock Down 0.8%

Shares of Dominion Energy stock opened at $67.51 on Friday. The business has a fifty day simple moving average of $64.12 and a 200 day simple moving average of $65.14. The stock has a market cap of $59.38 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 3.16 and a beta of 0.62. The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 1.46. Dominion Energy Inc. has a 12 month low of $55.85 and a 12 month high of $72.99.

Dominion Energy (NYSE:D) last released its earnings results on Friday, October 30th. The utilities provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.07. Dominion Energy had a return on equity of 10.09% and a net margin of 13.99%. The firm had revenue of $5.62 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the prior year, the firm posted $1.06 earnings per share. The company’s quarterly revenue was up 24.1% on a year-over-year basis. Research analysts predict that Dominion Energy Inc. will post 3.59 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 20th. Stockholders of record on Friday, December 4th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $2.67 annualized dividend and a dividend yield of 4.0%. Dominion Energy’s payout ratio is 88.70%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on D. BMO Capital Markets boosted 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. Scotiabank decreased their price target on shares of Dominion Energy from $67.00 to $63.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 30th. Weiss Ratings raised shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, November 2nd. Morgan Stanley dropped their price objective on shares of Dominion Energy from $68.00 to $66.00 and set an “equal weight” rating for the company in a research report on Friday, September 18th. Finally, Wells Fargo & Company upgraded shares of Dominion Energy to a “strong-buy” rating in a research report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $69.33.

Dominion Energy Company Profile

Dominion Energy, Inc. (NYSE: D) is an energy company focused primarily on regulated electric and natural gas utility services. Its businesses generate, transmit and distribute electricity and deliver natural gas to residential, commercial and industrial customers. The company’s electric utility operations serve customers in Virginia and northeastern North Carolina, as well as parts of South Carolina through Dominion Energy South Carolina. Its power portfolio includes nuclear, natural gas, solar and other energy sources.