Vanguard Capital Wealth Advisors Takes $691,000 Position in Dominion Energy Inc. $D

Vanguard Capital Wealth Advisors acquired a new position in Dominion Energy Inc. (NYSE:D) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,300 shares of the utilities provider’s stock, valued at approximately $691,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in Dominion Energy by 16.2% during the 2nd quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock worth $5,979,551,000 after acquiring an additional 14,715,895 shares during the last quarter. State Street Corp increased its stake in shares of Dominion Energy by 2.9% in the second quarter. State Street Corp now owns 46,341,408 shares of the utilities provider’s stock worth $2,619,216,000 after purchasing an additional 1,313,621 shares during the period. Geode Capital Management LLC lifted its position in shares of Dominion Energy by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 19,725,397 shares of the utilities provider’s stock worth $1,112,697,000 after purchasing an additional 575,350 shares during the last quarter. Norges Bank bought a new stake in Dominion Energy during the 2nd quarter valued at approximately $566,924,000. Finally, Legal & General Group Plc boosted its stake in Dominion Energy by 5.4% during the 2nd quarter. Legal & General Group Plc now owns 7,669,476 shares of the utilities provider’s stock valued at $433,479,000 after purchasing an additional 394,158 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Down 1.6%

Shares of D stock opened at $59.92 on Friday. Dominion Energy Inc. has a one year low of $48.07 and a one 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 stock has a fifty day moving average price of $59.72 and a 200 day moving average price of $59.86. The stock has a market cap of $51.17 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

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

Dominion Energy Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have commented on the company. Evercore ISI assumed coverage on Dominion Energy in a research report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price target on the stock. Barclays dropped their target price on shares of Dominion Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday. TD Cowen began coverage on shares of Dominion Energy in a report on Friday, January 9th. They issued a “hold” rating and a $65.00 price target for the company. Royal Bank Of Canada restated a “sector perform” rating and issued a $70.00 price target on shares of Dominion Energy in a research report on Tuesday, October 28th. Finally, Morgan Stanley boosted their price objective on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $64.33.

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.