Cornerstone Planning LLC Buys New Shares in Dominion Energy Inc. $D

Cornerstone Planning LLC purchased a new stake in shares of Dominion Energy Inc. (NYSE:D) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,351 shares of the utilities provider’s stock, valued at approximately $904,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Rockefeller Capital Management L.P. increased its holdings in Dominion Energy by 39.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 260,507 shares of the utilities provider’s stock worth $15,263,000 after acquiring an additional 73,276 shares in the last quarter. World Investment Advisors lifted its holdings in Dominion Energy by 29.6% during the fourth quarter. World Investment Advisors now owns 17,337 shares of the utilities provider’s stock valued at $1,016,000 after purchasing an additional 3,959 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new position in shares of Dominion Energy in the fourth quarter worth approximately $215,000. Advisortrust Partners LLC purchased a new stake in shares of Dominion Energy in the fourth quarter worth $625,000. Finally, Corient Private Wealth LLC increased its stake in shares of Dominion Energy by 10.8% in the fourth quarter. Corient Private Wealth LLC now owns 275,056 shares of the utilities provider’s stock worth $16,117,000 after purchasing an additional 26,778 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of NYSE:D opened at $68.42 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.78. The firm has a fifty day moving average price of $64.94 and a 200 day moving average price of $62.49. Dominion Energy Inc. has a fifty-two week low of $54.05 and a fifty-two week high of $69.28. The firm has a market cap of $60.17 billion, a price-to-earnings ratio of 20.24 and a beta of 0.65.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. The company had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.43 billion. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. Dominion Energy’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period last year, the company posted $0.93 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, sell-side analysts expect that Dominion Energy Inc. will post 3.59 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 20th. Stockholders of record on Friday, May 29th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.9%. Dominion Energy’s dividend payout ratio (DPR) is presently 78.99%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays lifted their target price on shares of Dominion Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Wall Street Zen cut Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Scotiabank boosted their price objective on Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Bank of America upped their price objective on Dominion Energy from $63.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Finally, Jefferies Financial Group upgraded Dominion Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $65.00 to $76.00 in a research report on Thursday, May 28th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $67.69.

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.