Prospera Financial Services Inc Cuts Holdings in Dominion Energy Inc. $D

Prospera Financial Services Inc decreased its position in Dominion Energy Inc. (NYSE:D) by 13.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 52,704 shares of the utilities provider’s stock after selling 8,537 shares during the period. Prospera Financial Services Inc’s holdings in Dominion Energy were worth $3,088,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pathfinder Wealth Consulting Inc. purchased a new position in Dominion Energy in the fourth quarter valued at $585,000. Advisory Alpha LLC lifted its position in shares of Dominion Energy by 8.0% during the 4th quarter. Advisory Alpha LLC now owns 7,392 shares of the utilities provider’s stock valued at $433,000 after buying an additional 545 shares in the last quarter. Principle Wealth Partners LLC lifted its position in shares of Dominion Energy by 1.8% during the 4th quarter. Principle Wealth Partners LLC now owns 59,713 shares of the utilities provider’s stock valued at $3,499,000 after buying an additional 1,050 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in shares of Dominion Energy by 72.3% during the 4th quarter. Axxcess Wealth Management LLC now owns 98,813 shares of the utilities provider’s stock valued at $5,790,000 after buying an additional 41,479 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC lifted its position in shares of Dominion Energy by 17.0% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 9,261 shares of the utilities provider’s stock valued at $543,000 after buying an additional 1,344 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on D. Wall Street Zen lowered Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Mizuho lifted their target price on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday. Weiss Ratings upgraded shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Morgan Stanley dropped their target price on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Finally, Truist Financial started coverage on shares of Dominion Energy in a research report on Tuesday, April 21st. They issued a “hold” rating and a $67.00 target price on the stock. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $66.92.

Dominion Energy Stock Down 0.5%

Shares of NYSE D opened at $67.36 on Wednesday. The company’s 50-day simple moving average is $63.02 and its 200-day simple moving average is $61.77. Dominion Energy Inc. has a 52-week low of $53.36 and a 52-week high of $68.97. The firm has a market cap of $59.24 billion, a price-to-earnings ratio of 19.93 and a beta of 0.65. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same quarter last year, the business earned $0.93 earnings per share. The company’s revenue for the quarter 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. Equities analysts predict that Dominion Energy Inc. will post 3.59 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 20th. Investors 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 4.0%. Dominion Energy’s payout ratio is presently 78.99%.

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.