HB Wealth Management LLC Grows Holdings in Dominion Energy Inc. $D

HB Wealth Management LLC increased its stake in Dominion Energy Inc. (NYSE:D) by 30.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,580 shares of the utilities provider’s stock after buying an additional 10,190 shares during the period. HB Wealth Management LLC’s holdings in Dominion Energy were worth $2,666,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. CoreFirst Bank & Trust acquired a new position in Dominion Energy during the 2nd quarter worth $25,000. Westside Investment Management Inc. lifted its position in shares of Dominion Energy by 123.3% during the second quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 259 shares during the last quarter. Hanson & Doremus Investment Management acquired a new position in Dominion Energy in the third quarter worth about $31,000. Twin Peaks Wealth Advisors LLC bought a new stake in Dominion Energy in the second quarter valued at about $32,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in Dominion Energy during the 2nd quarter worth approximately $36,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of D opened at $57.96 on Friday. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.87. The firm has a market capitalization of $49.50 billion, a PE ratio of 19.72, a P/E/G ratio of 1.57 and a beta of 0.72. The firm has a 50-day moving average price of $59.76 and a 200 day moving average price of $59.65. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same period last year, the company posted $0.98 EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. On average, sell-side analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, December 20th. Shareholders of record on Friday, December 5th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Friday, December 5th. Dominion Energy’s dividend payout ratio is presently 90.82%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on D shares. JPMorgan Chase & Co. lowered their price target on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a report on Thursday, December 11th. Royal Bank Of Canada reissued a “sector perform” rating and set a $70.00 target price on shares of Dominion Energy in a report on Tuesday, October 28th. TD Cowen started coverage on shares of Dominion Energy in a report on Friday. They issued a “hold” rating and a $65.00 price target for the company. BMO Capital Markets lowered their price objective on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Finally, Evercore ISI initiated coverage on Dominion Energy in a research note on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $64.78.

Dominion Energy Company 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.