Citizens Financial Group Inc. RI Takes Position in Dominion Energy Inc. $D

Citizens Financial Group Inc. RI purchased a new stake in Dominion Energy Inc. (NYSE:D) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 9,472 shares of the utilities provider’s stock, valued at approximately $647,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cornerstone Planning LLC increased its stake in shares of Dominion Energy by 0.9% in the 2nd quarter. Cornerstone Planning LLC now owns 17,280 shares of the utilities provider’s stock worth $1,180,000 after acquiring an additional 157 shares during the last quarter. Capital Analysts LLC grew its holdings in shares of Dominion Energy by 2.4% in the fourth quarter. Capital Analysts LLC now owns 6,651 shares of the utilities provider’s stock valued at $390,000 after purchasing 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 worth $34,000 after purchasing 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 worth $880,000 after purchasing an additional 162 shares during the last quarter. Finally, Conning Inc. raised its stake in Dominion Energy by 0.5% during the fourth quarter. Conning Inc. now owns 33,217 shares of the utilities provider’s stock worth $1,946,000 after purchasing an additional 176 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on D shares. UBS Group set a $80.00 target price on shares of Dominion Energy in a report on Wednesday. Barclays reduced their price target on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. BMO Capital Markets upped their price objective on Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. Truist Financial cut their target price on Dominion Energy from $68.00 to $66.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Finally, Royal Bank Of Canada lifted their target price on Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $69.93.

Dominion Energy Trading Down 0.4%

Shares of D stock opened at $68.36 on Thursday. Dominion Energy Inc. has a 1-year low of $55.85 and a 1-year high of $72.99. The firm has a market cap of $60.12 billion, a PE ratio of 23.82 and a beta of 0.65. The company has a 50-day moving average of $69.23 and a two-hundred day moving average of $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 released its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the previous year, the firm earned $0.75 EPS. The business’s 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. On average, analysts predict that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Announces Dividend

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

About Dominion Energy

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.