Delta Global Management LP Invests $2.31 Million in Dominion Energy Inc. $D

Delta Global Management LP acquired a new position in Dominion Energy Inc. (NYSE:D) in the 4th quarter, HoldingsChannel reports. The firm acquired 39,341 shares of the utilities provider’s stock, valued at approximately $2,305,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Motiv8 Investments LLC purchased a new stake in shares of Dominion Energy in the fourth quarter worth approximately $25,000. Triumph Capital Management purchased a new stake in shares of Dominion Energy in the third quarter worth approximately $28,000. Blueline Advisors LLC purchased a new stake in shares of Dominion Energy in the fourth quarter worth approximately $28,000. JPL Wealth Management LLC bought a new position in shares of Dominion Energy in the third quarter valued at approximately $30,000. Finally, Costello Asset Management INC grew its holdings in shares of Dominion Energy by 66.7% in the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

Shares of NYSE D opened at $68.19 on Tuesday. The stock has a fifty day simple moving average of $64.48 and a two-hundred day simple moving average of $62.32. Dominion Energy Inc. has a 1-year low of $53.36 and a 1-year high of $68.97. The firm has a market cap of $59.97 billion, a price-to-earnings ratio of 20.17 and a beta of 0.65. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38.

Dominion Energy (NYSE:D) last announced its quarterly earnings data 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. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The business had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same period in the prior year, the company earned $0.93 earnings per share. Dominion Energy’s revenue was up 23.1% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Analysts anticipate that Dominion Energy Inc. will post 3.59 earnings per share for the current year.

Dominion Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

D has been the subject of several recent analyst reports. Jefferies Financial Group raised Dominion Energy from a “hold” rating to a “buy” rating and upped their target price for the company from $65.00 to $76.00 in a report on Thursday, May 28th. Mizuho upped their target price on Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Wells Fargo & Company upped their target price on Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Morgan Stanley reduced their target price on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Finally, Weiss Ratings raised Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $67.69.

Dominion Energy Company 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.