NewEdge Wealth LLC Makes New Investment in Dominion Energy Inc. $D

NewEdge Wealth LLC bought a new stake in Dominion Energy Inc. (NYSE:D) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 79,128 shares of the utilities provider’s stock, valued at approximately $5,404,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Motiv8 Investments LLC bought a new stake in shares of Dominion Energy in the fourth quarter worth $25,000. Blueline Advisors LLC acquired a new stake in Dominion Energy in the fourth quarter valued at $28,000. Triumph Capital Management bought a new position in Dominion Energy during the 3rd quarter valued at $28,000. 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 acquiring an additional 200 shares during the last quarter. Finally, Advocate Investing Services LLC acquired a new position in Dominion Energy during the 4th quarter worth $29,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Trading Down 0.4%

Dominion Energy stock opened at $68.36 on Thursday. The firm’s 50-day moving average is $69.23 and its 200-day moving average is $65.56. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. Dominion Energy Inc. has a 1 year low of $55.85 and a 1 year high of $72.99. The company has a market cap of $60.12 billion, a P/E ratio of 23.82 and a beta of 0.65.

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

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, September 4th. Dominion Energy’s payout ratio is presently 93.03%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on D. TD Cowen upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and upped their target price for the company from $69.00 to $80.00 in a research note on Wednesday. UBS Group set a $80.00 price target on Dominion Energy in a research note on Wednesday. Wall Street Zen lowered Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Seaport Research Partners cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Truist Financial reduced their target price on Dominion Energy from $68.00 to $66.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. 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. According to data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $69.93.

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.