Passumpsic Savings Bank Buys Shares of 8,828 Dominion Energy Inc. $D

Passumpsic Savings Bank bought a new stake in shares of Dominion Energy Inc. (NYSE:D) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,828 shares of the utilities provider’s stock, valued at approximately $517,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Triumph Capital Management acquired a new position in Dominion Energy during the 3rd quarter valued at about $28,000. United Community Bank acquired a new position in Dominion Energy during the 3rd quarter valued at about $29,000. Costello Asset Management INC boosted its stake in Dominion Energy by 66.7% during the 4th quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 200 shares during the period. JPL Wealth Management LLC acquired a new position in Dominion Energy during the 3rd quarter valued at about $30,000. Finally, Cornerstone Planning Group LLC boosted its stake in Dominion Energy by 5,080.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 518 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 508 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Up 0.2%

D stock opened at $61.83 on Monday. Dominion Energy Inc. has a 52 week low of $53.36 and a 52 week high of $67.57. The company has a market capitalization of $54.37 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 3.25 and a beta of 0.65. The firm’s 50-day moving average is $62.34 and its two-hundred day moving average is $61.35. 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 released its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 EPS for the quarter, topping 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 company had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same period in the previous year, the firm earned $0.93 EPS. Dominion Energy’s revenue was up 23.1% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, analysts forecast that Dominion Energy Inc. will post 3.59 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 20th. Investors 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 4.3%. The ex-dividend date is Friday, May 29th. Dominion Energy’s payout ratio is presently 78.99%.

Key Dominion Energy News

Here are the key news stories impacting Dominion Energy this week:

• Positive Sentiment: A potential acquisition by NextEra at around $76 per share could represent a sizable takeover premium for Dominion Energy shareholders, supporting sentiment around the stock. NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
• Positive Sentiment: Reports that NextEra is considering Dominion as part of a strategy to expand into power demand tied to data centers may increase takeover interest and strategic value. NextEra Is In Talks to Buy Dominion, Report Says. What a Deal Could Mean.
• Neutral Sentiment: Separately, Dominion-backed legislation in Virginia has been signed into law, leaving the company’s regulatory path and next steps in focus. Virginia Governor Signs Dominion-Backed Bills. All Eyes on Regulators Now.
• Negative Sentiment: Dominion was also hit with a downgrade to “Sell,” which can add pressure to the shares if investors grow more cautious on the utility sector. Dominion Energy (NYSE:D) Downgraded to “Sell” Rating by Wall Street Zen

Analysts Set New Price Targets

D has been the subject of a number of analyst reports. Barclays boosted their target price on shares of Dominion Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Wells Fargo & Company boosted their price target on shares of Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday. Mizuho boosted their price target on shares of Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Scotiabank boosted their price target on shares of Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Finally, Jefferies Financial Group boosted their price target on shares of Dominion Energy from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $66.31.

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.