95,500 Shares in Dominion Energy Inc. $D Bought by Occidental Asset Management LLC

Occidental Asset Management LLC bought a new stake in Dominion Energy Inc. (NYSE:D) during the second quarter, Holdings Channel reports. The firm bought 95,500 shares of the utilities provider’s stock, valued at approximately $6,522,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Motiv8 Investments LLC acquired a new stake in shares of Dominion Energy in the fourth quarter valued at about $25,000. Blueline Advisors LLC acquired a new position in shares of Dominion Energy during the 4th quarter worth about $28,000. Triumph Capital Management bought a new stake in Dominion Energy during the 3rd quarter valued at approximately $28,000. Costello Asset Management INC grew its holdings in Dominion Energy by 66.7% in the 4th quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock valued at $29,000 after buying an additional 200 shares during the last quarter. Finally, Advocate Investing Services LLC acquired a new stake in Dominion Energy in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of NYSE D opened at $68.88 on Tuesday. The business has a fifty day simple moving average of $69.15 and a 200 day simple moving average of $65.45. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $60.58 billion, a price-to-earnings ratio of 24.00 and a beta of 0.65. Dominion Energy Inc. has a one year low of $55.85 and a one year high of $72.99.

Dominion Energy (NYSE:D) last announced 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 firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Sell-side analysts expect that Dominion Energy Inc. will post 3.57 EPS 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 given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy’s dividend payout ratio is 93.03%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Weiss Ratings upgraded Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Wall Street Zen lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Jefferies Financial Group upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and upped their target price for the company from $65.00 to $76.00 in a research note on Thursday, May 28th. Morgan Stanley decreased their price target on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Finally, Wells Fargo & Company upped their price objective on shares of Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $68.00.

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.