61,443 Shares in Dominion Energy Inc. $D Acquired by Principle Wealth Partners LLC

Principle Wealth Partners LLC bought a new stake in shares of Dominion Energy Inc. (NYSE:D) in the second quarter, Holdings Channel.com reports. The institutional investor bought 61,443 shares of the utilities provider’s stock, valued at approximately $4,196,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Planning LLC increased its position in shares of Dominion Energy by 0.9% during the second quarter. Cornerstone Planning LLC now owns 17,280 shares of the utilities provider’s stock worth $1,180,000 after purchasing an additional 157 shares in the last quarter. Capital Analysts LLC boosted its position in shares of Dominion Energy by 2.4% in the 4th quarter. Capital Analysts LLC now owns 6,651 shares of the utilities provider’s stock worth $390,000 after purchasing an additional 157 shares in the last quarter. Arlington Trust Co LLC grew its stake in Dominion Energy by 47.1% during the 2nd quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider’s stock worth $34,000 after buying an additional 160 shares during the last quarter. Navalign LLC grew its stake in Dominion Energy by 1.2% during the 1st quarter. Navalign LLC now owns 14,229 shares of the utilities provider’s stock worth $880,000 after buying an additional 162 shares during the last quarter. Finally, Conning Inc. increased its position in Dominion Energy by 0.5% during the 4th quarter. Conning Inc. now owns 33,217 shares of the utilities provider’s stock valued at $1,946,000 after buying an additional 176 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Up 0.2%

Dominion Energy stock opened at $68.88 on Tuesday. The business’s 50-day simple moving average is $69.15 and its two-hundred day simple moving average is $65.45. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. The company has a market cap of $60.58 billion, a PE ratio of 24.00 and a beta of 0.65. Dominion Energy Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $72.99.

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

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be given a dividend of $0.6675 per share. 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 dividend payout ratio (DPR) is currently 93.03%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wall Street Zen cut Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Morgan Stanley dropped their price target on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Royal Bank Of Canada upped their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Truist Financial decreased their price objective on shares of Dominion Energy from $68.00 to $66.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. Finally, Barclays lowered their target price 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. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $68.00.

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.