Vontobel Holding Ltd. Makes New $624,000 Investment in Dominion Energy Inc. $D

Vontobel Holding Ltd. bought a new stake in shares of Dominion Energy Inc. (NYSE:D) during the third quarter, Holdings Channel.com reports. The fund bought 10,193 shares of the utilities provider’s stock, valued at approximately $624,000.

A number of other large investors also recently bought and sold shares of the business. CoreFirst Bank & Trust acquired a new stake in Dominion Energy in the second quarter valued at approximately $25,000. AlphaQuest LLC purchased a new position in shares of Dominion Energy during the 1st quarter valued at approximately $27,000. Westside Investment Management Inc. grew its stake in Dominion Energy by 123.3% in the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 259 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in Dominion Energy in the 2nd quarter worth $32,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in Dominion Energy during the second quarter valued at $36,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

D stock opened at $59.21 on Monday. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.87. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.84 and a quick ratio of 0.65. The firm has a market capitalization of $50.57 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 1.70 and a beta of 0.70. The business has a 50 day simple moving average of $60.12 and a 200-day simple moving average of $59.43.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Equities research analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 20th. Investors of record on Friday, December 5th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.5%. The ex-dividend date was Friday, December 5th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.82%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Barclays boosted their target price on shares of Dominion Energy from $63.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research note on Monday, December 22nd. Royal Bank Of Canada restated a “sector perform” rating and issued a $70.00 target price on shares of Dominion Energy in a research report on Tuesday, October 28th. BMO Capital Markets lowered their price target on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Finally, Evercore ISI began coverage on Dominion Energy in a research report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price target for the company. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average price target of $64.75.

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.