Kingsview Wealth Management LLC Purchases Shares of 27,191 Dominion Energy Inc. $D

Kingsview Wealth Management LLC purchased a new stake in shares of Dominion Energy Inc. (NYSE:D) in the second quarter, HoldingsChannel reports. The institutional investor purchased 27,191 shares of the utilities provider’s stock, valued at approximately $1,857,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Dominion Energy during the 2nd quarter valued at $4,986,439,000. Bank of America Corp DE purchased a new position in Dominion Energy in the second quarter worth $996,984,000. Wellington Management Group LLP increased its stake in Dominion Energy by 46.2% in the fourth quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock valued at $2,633,253,000 after acquiring an additional 14,197,581 shares during the last quarter. Norges Bank bought a new position in Dominion Energy in the fourth quarter valued at $655,142,000. Finally, Bank of New York Mellon Corp purchased a new stake in Dominion Energy during the second quarter valued at about $697,388,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of NYSE:D opened at $65.50 on Friday. 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 stock has a market cap of $57.61 billion, a PE ratio of 22.82 and a beta of 0.65. The company’s fifty day moving average is $69.03 and its 200 day moving average is $65.78. Dominion Energy Inc. has a 52 week low of $55.85 and a 52 week high of $72.99.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share (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 prior year, the business posted $0.75 earnings per share. The company’s 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. Research analysts anticipate 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. Investors of record on Friday, September 4th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, September 4th. This represents a $2.67 annualized dividend and a yield of 4.1%. Dominion Energy’s dividend payout ratio is currently 93.03%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. BMO Capital Markets lifted their price target on Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. Mizuho increased their price objective on Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Truist Financial decreased their price objective on Dominion Energy from $68.00 to $66.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Jefferies Financial Group upgraded Dominion Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $65.00 to $76.00 in a research report on Thursday, May 28th. Finally, UBS Group set a $80.00 target price on Dominion Energy in a research note on Wednesday, August 19th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Dominion Energy currently has a consensus 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.