Pathfinder Wealth Consulting Inc. purchased a new position in Dominion Energy Inc. (NYSE:D – Free Report) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 9,978 shares of the utilities provider’s stock, valued at approximately $585,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC increased its holdings in Dominion Energy by 64.3% in the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after acquiring an additional 3,553 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Dominion Energy by 8.3% during the 1st quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock valued at $985,000 after purchasing an additional 1,344 shares during the last quarter. Woodline Partners LP grew its position in shares of Dominion Energy by 40.7% during the first quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock valued at $3,979,000 after purchasing an additional 20,522 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of Dominion Energy by 71.2% in the first quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock worth $1,708,000 after purchasing an additional 12,663 shares during the last quarter. Finally, Schnieders Capital Management LLC. lifted its position in shares of Dominion Energy by 9.5% in the second quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider’s stock worth $7,041,000 after buying an additional 10,775 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.
Dominion Energy Trading Down 0.8%
Shares of D stock opened at $67.77 on Friday. The company has a market cap of $59.60 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 3.56 and a beta of 0.65. Dominion Energy Inc. has a 1 year low of $53.36 and a 1 year high of $68.97. The stock’s 50 day simple moving average is $62.84 and its two-hundred day simple moving average is $61.64. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.78 and a quick ratio of 0.61.
Dominion Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 20th. Shareholders of record on Friday, May 29th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 3.9%. Dominion Energy’s payout ratio is 78.99%.
More Dominion Energy News
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Dominion has been gaining momentum recently, with recent share-price strength reflecting improved investor sentiment and a broader rally in utilities, which were among the best-performing areas of the market this week. S&P 500 Posts Eighth Consecutive Weekly Gain Led by Health Care, Utilities
- Positive Sentiment: News coverage around Dominion’s all-stock merger agreement with NextEra Energy continues to support the stock, as investors evaluate the deal as a potentially transformative utility combination with long-term earnings growth potential. Dominion Energy to Merge With NextEra, Form Utility Behemoth
- Neutral Sentiment: Analyst and valuation-focused coverage suggests investors are also weighing whether Dominion’s recent run-up has already priced in much of the upside from the merger and the company’s improved outlook. Assessing Dominion Energy (D) Valuation After Recent Share Price Momentum
- Neutral Sentiment: Operational updates, such as crews responding to a downed tree and outage in Norfolk, appear routine and are unlikely to materially affect the stock on their own. Dominion Energy crews respond to downed tree, power outage on Meads Avenue in Norfolk
- Negative Sentiment: Some local and regulatory commentary around the proposed NextEra–Dominion transaction highlights caution over ratepayer impacts and distributed-energy concerns, which could create friction for the deal if scrutiny intensifies. The Commonwealth of Virginia Is Right to Proceed with Caution on the Proposed NextEra–Dominion Merger
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on D. Weiss Ratings reissued a “buy (b-)” rating on shares of Dominion Energy in a research note on Friday, May 8th. Mizuho increased their target price on Dominion Energy from $62.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. Wells Fargo & Company raised their target price on shares of Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Wall Street Zen downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Barclays increased their price objective on shares of Dominion Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $66.46.
View Our Latest Research Report on Dominion Energy
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.
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