Haverford Trust Co purchased a new stake in Dominion Energy Inc. (NYSE:D – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 15,624 shares of the utilities provider’s stock, valued at approximately $1,067,000.
A number of other institutional investors have also recently added to or reduced their stakes in D. Motiv8 Investments LLC purchased a new stake in Dominion Energy in the 4th quarter valued at $25,000. Triumph Capital Management acquired a new stake in shares of Dominion Energy in the 3rd quarter worth $28,000. Frazier Financial Advisors LLC purchased a new position in shares of Dominion Energy during the 2nd quarter worth $31,000. Beacon Financial Strategies CORP raised its holdings in shares of Dominion Energy by 269.2% during the 2nd quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 350 shares during the period. Finally, Blueline Advisors LLC acquired a new position in shares of Dominion Energy during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.
Dominion Energy Trading Down 1.2%
Shares of D stock opened at $66.64 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. The firm has a market cap of $58.61 billion, a PE ratio of 23.22 and a beta of 0.65. The company has a 50-day moving average of $69.22 and a two-hundred day moving average of $65.61. Dominion Energy Inc. has a 1-year low of $55.85 and a 1-year high of $72.99.
Dominion Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, September 4th. Dominion Energy’s dividend payout ratio (DPR) is 93.03%.
Key Dominion Energy News
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: TD Cowen upgraded Dominion Energy, citing what it views as favorable odds for the NextEra transaction and additional upside potential. TD Cowen Just Upgraded Dominion Energy. Here’s Why.
- Positive Sentiment: Dominion said it expects to receive a refund related to tariffs imposed during the Trump administration. The reimbursement could provide a modest cash-flow benefit. Dominion says they’re getting a Trump Tariff refund
- Neutral Sentiment: Morgan Stanley lowered its Dominion price target from $71 to $68 and assigned an “equal weight” rating. The revised target still implies limited upside, but the reduction signals more cautious expectations. Morgan Stanley lowers Dominion Energy price target
- Neutral Sentiment: Analysts collectively maintain a “Hold” consensus rating, suggesting Wall Street sees a relatively balanced risk-reward profile. Dominion Energy receives consensus Hold rating
- Negative Sentiment: The proposed NextEra merger continues to face political and regulatory scrutiny. Virginia, Maine and Massachusetts officials have raised concerns about competition and potential increases in energy costs, while South Carolina regulators are examining the transaction timeline. These objections could delay approval, increase required concessions or reduce the deal’s expected benefits. Maine governor raises concerns about NextEra-Dominion merger
- Negative Sentiment: Local homeowners are opposing a Dominion power-line project, citing potentially significant costs and property impacts. The dispute adds reputational and permitting risk, although its direct financial effect remains unclear. Ashburn homeowners oppose Dominion power line
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on D shares. TD Cowen raised shares of Dominion Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from $69.00 to $80.00 in a report on Wednesday. Jefferies Financial Group raised shares of Dominion Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $65.00 to $76.00 in a research note on Thursday, May 28th. Wells Fargo & Company boosted their target price on shares of Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Barclays dropped their price target on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Finally, Morgan Stanley reduced their price target on shares of Dominion Energy from $71.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Friday. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $69.93.
Get Our Latest Stock Analysis on Dominion Energy
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.
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