Oak Grove Capital LLC Sells 43,500 Shares of Dominion Energy Inc. $D

Oak Grove Capital LLC lessened its holdings in shares of Dominion Energy Inc. (NYSE:D) by 16.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 225,200 shares of the utilities provider’s stock after selling 43,500 shares during the period. Dominion Energy accounts for 2.0% of Oak Grove Capital LLC’s holdings, making the stock its 16th biggest holding. Oak Grove Capital LLC’s holdings in Dominion Energy were worth $13,775,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. CoreFirst Bank & Trust bought a new stake in shares of Dominion Energy in the 2nd quarter valued at about $25,000. Westside Investment Management Inc. raised its position in shares of Dominion Energy by 123.3% during 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 during the last quarter. United Community Bank acquired a new position in shares of Dominion Energy in the third quarter worth approximately $29,000. Hanson & Doremus Investment Management bought a new stake in Dominion Energy in the third quarter valued at approximately $31,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Dominion Energy during the 2nd quarter valued at approximately $32,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Down 0.1%

Shares of NYSE:D opened at $63.08 on Tuesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 0.77. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $67.57. The business’s 50 day simple moving average is $61.29 and its two-hundred day simple moving average is $60.65. The firm has a market cap of $55.44 billion, a P/E ratio of 18.34, a PEG ratio of 1.71 and a beta of 0.71.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Monday, February 23rd. The utilities provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. Dominion Energy had a return on equity of 9.67% and a net margin of 18.05%.The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, research analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, February 27th. Dominion Energy’s dividend payout ratio (DPR) is 77.62%.

Analysts Set New Price Targets

D has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research report on Thursday, December 11th. Wells Fargo & Company dropped their target price on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. BMO Capital Markets decreased their price target on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Mizuho lifted their price objective on Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Finally, Barclays decreased their target price on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $64.73.

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.