Dominion Energy Inc. $D Stock Position Increased by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its position in shares of Dominion Energy Inc. (NYSE:D) by 7,257.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,188 shares of the utilities provider’s stock after buying an additional 117,568 shares during the quarter. Sterling Capital Management LLC’s holdings in Dominion Energy were worth $7,368,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of D. Motiv8 Investments LLC bought a new position in shares of Dominion Energy during the 4th quarter valued at about $25,000. Triumph Capital Management bought a new stake in shares of Dominion Energy in the 3rd quarter worth approximately $28,000. Blueline Advisors LLC acquired a new stake in Dominion Energy during the fourth quarter valued at approximately $28,000. Costello Asset Management INC lifted its stake in Dominion Energy by 66.7% during the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Finally, Advocate Investing Services LLC bought a new stake in Dominion Energy during the fourth quarter worth approximately $29,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on D. Wells Fargo & Company upped their price target on Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Weiss Ratings raised Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Scotiabank lifted their target price on Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Morgan Stanley reduced their target price on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Finally, Truist Financial reduced their price target on shares of Dominion Energy from $67.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $67.62.

Dominion Energy Trading Down 0.2%

Shares of NYSE:D opened at $69.40 on Friday. The firm has a fifty day moving average of $65.48 and a two-hundred day moving average of $62.80. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38. Dominion Energy Inc. has a 12-month low of $55.14 and a 12-month high of $70.17. The firm has a market capitalization of $61.03 billion, a P/E ratio of 20.53 and a beta of 0.65.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $4.43 billion. During the same period in the prior year, the business posted $0.93 earnings per share. Dominion Energy’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. On average, equities analysts expect 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 was paid on Saturday, June 20th. Stockholders of record on Friday, May 29th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.8%. Dominion Energy’s dividend payout ratio (DPR) is 78.99%.

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.