Virtus Advisers LLC Takes Position in Dominion Energy Inc. $D

Virtus Advisers LLC bought a new position in shares of Dominion Energy Inc. (NYSE:D) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,250 shares of the utilities provider’s stock, valued at approximately $240,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaQuest LLC bought a new stake in Dominion Energy during the first quarter worth about $27,000. Westside Investment Management Inc. raised its position in shares of Dominion Energy by 123.3% in the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after buying an additional 259 shares in the last quarter. Dagco Inc. acquired a new position in shares of Dominion Energy in the 1st quarter valued at approximately $31,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Dominion Energy during the 2nd quarter worth approximately $36,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Dominion Energy during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Trading Down 0.1%

NYSE D opened at $62.51 on Monday. The company has a market cap of $53.38 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 2.13 and a beta of 0.63. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.87. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The business’s fifty day moving average is $60.83 and its 200 day moving average is $59.02.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, beating the consensus estimate of $1.02 by $0.04. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same period last year, the company earned $0.98 earnings per share. The business’s quarterly revenue was up 14.9% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, sell-side analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Investors of record on Friday, December 5th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, December 5th. This represents a $2.67 annualized dividend and a yield of 4.3%. Dominion Energy’s dividend payout ratio (DPR) is currently 90.82%.

Wall Street Analysts Forecast Growth

D has been the subject of several research analyst reports. Barclays boosted their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $70.00 price target on shares of Dominion Energy in a research note on Tuesday, October 28th. BTIG Research assumed coverage on Dominion Energy in a report on Wednesday, October 22nd. They set a “neutral” rating for the company. Weiss Ratings raised Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Finally, 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 target price on the stock. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $64.22.

About Dominion Energy

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.