Greenwood Capital Associates LLC Trims Stock Position in Dominion Energy Inc. $D

Greenwood Capital Associates LLC decreased its stake in Dominion Energy Inc. (NYSE:D) by 56.0% during the second quarter, Holdings Channel reports. The institutional investor owned 16,216 shares of the utilities provider’s stock after selling 20,603 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Dominion Energy were worth $1,107,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Dominion Energy in the 2nd quarter valued at $4,986,439,000. Capital Research Global Investors raised its position in shares of Dominion Energy by 9.0% in the fourth quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider’s stock worth $3,503,142,000 after acquiring an additional 4,940,692 shares during the period. State Street Corp grew its position in shares of Dominion Energy by 3.6% during the 4th quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock valued at $2,848,662,000 after acquiring an additional 1,686,050 shares during the period. Wellington Management Group LLP increased its stake in shares of Dominion Energy by 46.2% in the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock valued at $2,633,253,000 after purchasing an additional 14,197,581 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Dominion Energy by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 20,442,935 shares of the utilities provider’s stock worth $1,196,056,000 after purchasing an additional 314,932 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $65.50 on Friday. The business’s fifty day simple moving average is $69.03 and its 200-day simple moving average is $65.78. Dominion Energy Inc. has a 52 week low of $55.85 and a 52 week high of $72.99. 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 firm has a market cap of $57.61 billion, a PE ratio of 22.82 and a beta of 0.65.

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

Dominion Energy Dividend Announcement

The company also recently announced 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. This represents a $2.67 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, September 4th. Dominion Energy’s dividend payout ratio (DPR) is 93.03%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on D shares. Wells Fargo & Company upped their price objective on shares of Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Wall Street Zen cut Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Truist Financial lowered their price target on Dominion Energy from $68.00 to $66.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. UBS Group set a $80.00 price objective on Dominion Energy in a research note on Wednesday, August 19th. Finally, Morgan Stanley decreased their price target on shares of Dominion Energy from $71.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $69.93.

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.