PFG Investments LLC grew its holdings in Dominion Energy Inc. (NYSE:D – Free Report) by 264.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,475 shares of the utilities provider’s stock after acquiring an additional 26,478 shares during the quarter. PFG Investments LLC’s holdings in Dominion Energy were worth $2,255,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in D. BIP Wealth LLC increased its holdings in Dominion Energy by 6.6% during the 1st quarter. BIP Wealth LLC now owns 8,948 shares of the utilities provider’s stock worth $553,000 after purchasing an additional 556 shares in the last quarter. World Investment Advisors increased its holdings in Dominion Energy by 6.1% during the first quarter. World Investment Advisors now owns 18,391 shares of the utilities provider’s stock worth $1,137,000 after buying an additional 1,054 shares during the last quarter. Marotta Asset Management bought a new stake in shares of Dominion Energy in the 1st quarter valued at about $205,000. Private Advisor Group LLC raised its stake in Dominion Energy by 9.3% in the first quarter. Private Advisor Group LLC now owns 144,280 shares of the utilities provider’s stock valued at $8,919,000 after buying an additional 12,308 shares during the period. Finally, Optas LLC bought a new stake in Dominion Energy in the 1st quarter valued at $382,000. Institutional investors own 73.04% of the company’s stock.
Dominion Energy Stock Down 0.2%
Shares of NYSE:D opened at $69.59 on Friday. Dominion Energy Inc. has a 1 year low of $55.36 and a 1 year high of $70.17. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.78 and a quick ratio of 0.61. The business’s 50-day moving average is $66.19 and its 200-day moving average is $63.17. The company has a market capitalization of $61.20 billion, a price-to-earnings ratio of 20.59 and a beta of 0.65.
Dominion Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 20th. Shareholders of record on Friday, May 29th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is 78.99%.
Wall Street Analyst Weigh In
D has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on shares of Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Bank of America upped their price objective on shares of Dominion Energy from $63.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Morgan Stanley reduced their target price on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Barclays decreased their price target on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Finally, Seaport Research Partners cut Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and a consensus target price of $67.62.
Get Our Latest Research Report on D
Key Stories Impacting Dominion Energy
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Dominion’s Loudoun County transmission-line project appears to be moving ahead, which supports long-term grid investment and data-center-related power demand in a key growth market. Loudoun homeowners appear to lose battle with Dominion’s data center transmission lines
- Positive Sentiment: Dominion is also hosting open houses as its “Power Line Loop” advances, suggesting continued progress on infrastructure tied to future electricity demand and reliability. As Power Line Loop Moves Forward, Dominion Hosts Open Houses
- Positive Sentiment: The company said it is prepared for extreme heat, which may reassure investors about near-term operational resilience during a period of elevated power demand. Dominion Energy says it’s ready for the extreme heat
- Neutral Sentiment: Analyst commentary continues to view Dominion as a “Hold,” indicating the market is not seeing a strong near-term catalyst from ratings alone. Dominion Energy Inc. Receives Average Rating of “Hold” from Analysts
- Neutral Sentiment: A market note said Dominion trades at a discount after a strong multiyear run, highlighting a mixed valuation debate rather than a clear bullish or bearish trigger. Dominion Energy (D) Stock Trades At A Discount Following Its 48% Run
- Negative Sentiment: The stock also underperformed peers in recent trading, which can weigh on sentiment even without a company-specific setback. Dominion Energy Inc. stock underperforms Tuesday when compared to competitors
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.
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