Icon Advisers Inc. Co. Boosts Stock Position in Dominion Energy Inc. $D

Icon Advisers Inc. Co. grew its holdings in shares of Dominion Energy Inc. (NYSE:D) by 78.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,875 shares of the utilities provider’s stock after purchasing an additional 40,000 shares during the period. Dominion Energy comprises about 1.2% of Icon Advisers Inc. Co.’s portfolio, making the stock its 21st biggest position. Icon Advisers Inc. Co.’s holdings in Dominion Energy were worth $5,136,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in D. AlphaQuest LLC purchased a new stake in Dominion Energy during the 1st quarter worth approximately $27,000. Westside Investment Management Inc. grew its stake in shares of Dominion Energy by 123.3% in the second quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 259 shares in the last quarter. Dagco Inc. purchased a new stake in shares of Dominion Energy during the first quarter worth $31,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Dominion Energy in the second quarter valued at $36,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Dominion Energy during the 2nd quarter worth $39,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on D shares. Weiss Ratings upgraded Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Barclays lifted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. BTIG Research assumed coverage on shares of Dominion Energy in a research report on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a $70.00 price objective on shares of Dominion Energy in a report on Tuesday, October 28th. Finally, BMO Capital Markets lowered their target price on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $64.22.

Dominion Energy Stock Performance

Shares of D stock opened at $62.51 on Friday. The stock’s 50-day moving average is $60.83 and its two-hundred day moving average is $58.98. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.87. The firm has a market cap of $53.38 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 2.13 and a beta of 0.63.

Dominion Energy (NYSE:D) last announced its 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. The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The business’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Stockholders of record on Friday, December 5th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, December 5th. Dominion Energy’s payout ratio is presently 90.82%.

Dominion Energy Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.