Blue Edge Capital LLC Purchases Shares of 15,623 Dominion Energy Inc. $D

Blue Edge Capital LLC acquired a new stake in Dominion Energy Inc. (NYSE:D) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 15,623 shares of the utilities provider’s stock, valued at approximately $1,067,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Redwood Investment Management LLC bought a new stake in shares of Dominion Energy in the second quarter worth $853,000. Parvin Asset Management LLC bought a new position in Dominion Energy in the second quarter valued at $82,000. Proficio Capital Partners LLC acquired a new stake in Dominion Energy in the 2nd quarter valued at $204,000. Pure Financial Advisors LLC acquired a new stake in Dominion Energy in the 2nd quarter valued at $405,000. Finally, Transamerica Financial Advisors LLC bought a new stake in Dominion Energy during the 2nd quarter worth about $131,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 0.6%

Shares of NYSE:D opened at $66.48 on Friday. Dominion Energy Inc. has a 52-week low of $55.85 and a 52-week high of $72.99. The company has a market capitalization of $58.47 billion, a P/E ratio of 23.16 and a beta of 0.65. The company has a 50-day simple moving average of $69.09 and a 200 day simple moving average of $65.78. 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 (NYSE:D) last announced its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.04 billion. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The business’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Sell-side analysts forecast that Dominion Energy Inc. will post 3.57 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Investors 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 4.0%. The ex-dividend date is Friday, September 4th. Dominion Energy’s dividend payout ratio is 93.03%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. TD Cowen upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and increased their price objective for the stock from $69.00 to $80.00 in a research note on Wednesday, August 19th. Mizuho increased their price target on Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Weiss Ratings restated a “buy (b)” rating on shares of Dominion Energy in a research note on Wednesday, August 19th. Wall Street Zen lowered Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Barclays cut their price objective on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $69.93.

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.