NewEdge Wealth LLC Sells 26,367 Shares of Dominion Energy Inc. $D

NewEdge Wealth LLC lessened its position in shares of Dominion Energy Inc. (NYSE:D) by 26.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 73,671 shares of the utilities provider’s stock after selling 26,367 shares during the period. NewEdge Wealth LLC’s holdings in Dominion Energy were worth $4,316,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Washington Trust Advisors Inc. raised its stake in Dominion Energy by 16.8% during the fourth quarter. Washington Trust Advisors Inc. now owns 2,335 shares of the utilities provider’s stock worth $137,000 after buying an additional 335 shares during the last quarter. Denali Advisors LLC bought a new position in Dominion Energy during the fourth quarter worth $328,000. Crossmark Global Holdings Inc. increased its stake in Dominion Energy by 14.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 37,307 shares of the utilities provider’s stock valued at $2,186,000 after purchasing an additional 4,572 shares in the last quarter. Ethic Inc. increased its stake in Dominion Energy by 9.0% in the fourth quarter. Ethic Inc. now owns 16,451 shares of the utilities provider’s stock valued at $964,000 after purchasing an additional 1,352 shares in the last quarter. Finally, Patten & Patten Inc. TN increased its stake in Dominion Energy by 11.2% in the fourth quarter. Patten & Patten Inc. TN now owns 37,157 shares of the utilities provider’s stock valued at $2,177,000 after purchasing an additional 3,746 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

D has been the subject of several research analyst reports. Bank of America lifted their price target on shares of Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Barclays lifted their price target on shares of Dominion Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Wells Fargo & Company decreased their price target on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Truist Financial initiated coverage on shares of Dominion Energy in a research note on Tuesday, April 21st. They issued a “hold” rating and a $67.00 price target for the company. Finally, Morgan Stanley decreased their price target on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $66.00.

Dominion Energy Stock Up 1.2%

Dominion Energy stock opened at $62.62 on Tuesday. Dominion Energy Inc. has a fifty-two week low of $52.53 and a fifty-two week high of $67.57. The stock has a market cap of $55.07 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 3.26 and a beta of 0.65. The firm’s 50-day simple moving average is $62.36 and its 200 day simple moving average is $61.30. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.78.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.05. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The business had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $4.43 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Research analysts predict that Dominion Energy Inc. will post 3.59 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 20th. Investors of record on Friday, May 29th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.3%. Dominion Energy’s payout ratio is 78.99%.

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.