Lewis Asset Management LLC Buys New Shares in Dominion Energy Inc. $D

Lewis Asset Management LLC purchased a new stake in Dominion Energy Inc. (NYSE:D) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,212 shares of the utilities provider’s stock, valued at approximately $563,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. CoreFirst Bank & Trust bought a new stake in shares of Dominion Energy in the second quarter valued at about $25,000. AlphaQuest LLC acquired a new position in Dominion Energy in the 1st quarter valued at approximately $27,000. Westside Investment Management Inc. lifted 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 worth $27,000 after acquiring an additional 259 shares during the period. Hanson & Doremus Investment Management bought a new stake in shares of Dominion Energy in the 3rd quarter worth approximately $31,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Dominion Energy during the second quarter valued at approximately $32,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 0.3%

Shares of Dominion Energy stock opened at $59.10 on Wednesday. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.87. The stock has a market capitalization of $50.47 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 1.70 and a beta of 0.70. The company has a 50-day simple moving average of $60.04 and a 200 day simple moving average of $59.48. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.71 billion. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The company’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 EPS. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Research analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, December 20th. Stockholders of record on Friday, December 5th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Friday, December 5th. Dominion Energy’s payout ratio is 90.82%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wells Fargo & Company started coverage on Dominion Energy in a research report on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 target price for the company. JPMorgan Chase & Co. dropped their price objective on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a research note on Thursday, December 11th. Morgan Stanley raised their price objective on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a research note on Monday. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $70.00 price target on shares of Dominion Energy in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $64.75.

About Dominion Energy

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.