Coastal Bridge Advisors LLC Invests $1.99 Million in Dominion Energy Inc. $D

Coastal Bridge Advisors LLC purchased a new stake in Dominion Energy Inc. (NYSE:D) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,144 shares of the utilities provider’s stock, valued at approximately $1,990,000.

Other large investors also recently bought and sold shares of the company. Motiv8 Investments LLC acquired a new stake in shares of Dominion Energy during the fourth quarter worth about $25,000. Triumph Capital Management purchased a new stake in shares of Dominion Energy in the 3rd quarter valued at about $28,000. Frazier Financial Advisors LLC acquired a new stake in shares of Dominion Energy in the 2nd quarter valued at about $31,000. Beacon Financial Strategies CORP boosted its position in shares of Dominion Energy by 269.2% in the 2nd quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 350 shares during the period. Finally, Blueline Advisors LLC purchased a new position in Dominion Energy during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.6%

D opened at $66.48 on Friday. The business has a 50 day moving average price of $69.09 and a two-hundred day moving average price of $65.78. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.43. The company has a market cap of $58.47 billion, a PE ratio of 23.16 and a beta of 0.65. Dominion Energy Inc. has a 52 week low of $55.85 and a 52 week high of $72.99.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same period last year, the firm earned $0.75 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, research analysts anticipate that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 annualized dividend and a dividend yield of 4.0%. Dominion Energy’s dividend payout ratio (DPR) is currently 93.03%.

Analyst Ratings Changes

Several research firms have commented on D. Mizuho lifted their price target on Dominion Energy from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Wall Street Zen lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. UBS Group set a $80.00 target price on shares of Dominion Energy in a report on Wednesday, August 19th. TD Cowen upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and upped their price target for the company from $69.00 to $80.00 in a research report on Wednesday, August 19th. Finally, Barclays decreased their price target on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and a consensus target price of $69.93.

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.