Meeder Advisory Services Inc. Invests $1.11 Million in Dominion Energy Inc. $D

Meeder Advisory Services Inc. acquired a new position in Dominion Energy Inc. (NYSE:D) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 16,295 shares of the utilities provider’s stock, valued at approximately $1,113,000.

Several other hedge funds have also recently bought and sold shares of D. Bryn Mawr Trust Advisors LLC acquired a new position in Dominion Energy during the 2nd quarter worth $7,346,000. Ausbil Investment Management Ltd bought a new position in shares of Dominion Energy in the second quarter worth $4,603,000. North Dakota State Investment Board acquired a new position in shares of Dominion Energy during the fourth quarter valued at $1,715,000. Florida Trust Wealth Management Co raised its stake in shares of Dominion Energy by 51.6% during the second quarter. Florida Trust Wealth Management Co now owns 67,185 shares of the utilities provider’s stock valued at $4,588,000 after purchasing an additional 22,870 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Dominion Energy during the second quarter valued at about $7,645,000. 73.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Jefferies Financial Group upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $65.00 to $76.00 in a research report on Thursday, May 28th. Weiss Ratings raised shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Mizuho increased their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Finally, Seaport Research Partners cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $69.93.

Dominion Energy Trading Down 0.4%

Shares of Dominion Energy stock opened at $68.36 on Thursday. 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 $60.12 billion, a price-to-earnings ratio of 23.82 and a beta of 0.65. The business has a fifty day simple moving average of $69.23 and a 200-day simple moving average of $65.56. 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 released its earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) 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 firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same period in the previous year, the company earned $0.75 earnings per share. Dominion Energy’s revenue 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. On average, equities analysts forecast that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 annualized dividend and a dividend yield of 3.9%. Dominion Energy’s payout ratio is currently 93.03%.

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.