Dominion Energy Inc. $D Stake Decreased by Palisade Asset Management LLC

Palisade Asset Management LLC lessened its holdings in shares of Dominion Energy Inc. (NYSE:D) by 85.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,805 shares of the utilities provider’s stock after selling 22,353 shares during the period. Palisade Asset Management LLC’s holdings in Dominion Energy were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in D. Motiv8 Investments LLC bought a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $25,000. Triumph Capital Management bought a new stake in shares of Dominion Energy during the third quarter valued at approximately $28,000. Blueline Advisors LLC bought a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $28,000. Costello Asset Management INC raised its holdings in shares of Dominion Energy by 66.7% during the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock valued at $29,000 after buying an additional 200 shares during the last quarter. Finally, Advocate Investing Services LLC bought a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $29,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

NYSE D opened at $68.19 on Tuesday. Dominion Energy Inc. has a 12 month low of $53.36 and a 12 month high of $68.97. 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 firm has a market capitalization of $59.97 billion, a PE ratio of 20.17 and a beta of 0.65. The company’s 50 day simple moving average is $64.48 and its 200 day simple moving average is $62.32.

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

Dominion Energy Dividend Announcement

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

Wall Street Analyst Weigh In

D has been the topic of a number of recent analyst reports. Weiss Ratings raised Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Royal Bank Of Canada lifted their price target on Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Wall Street Zen cut Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Bank of America raised their price objective on shares of Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Finally, Seaport Research Partners lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Dominion Energy currently 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.