Dickmeyer Boyce Financial Management Inc. Makes New Investment in Dominion Energy Inc. $D

Dickmeyer Boyce Financial Management Inc. acquired a new stake in Dominion Energy Inc. (NYSE:D) during the 1st quarter, Holdings Channel reports. The institutional investor acquired 8,946 shares of the utilities provider’s stock, valued at approximately $553,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cetera Investment Advisers increased its holdings in shares of Dominion Energy by 10.6% in the first quarter. Cetera Investment Advisers now owns 361,632 shares of the utilities provider’s stock valued at $22,356,000 after purchasing an additional 34,720 shares during the last quarter. NewEdge Wealth LLC grew its holdings in Dominion Energy by 6.8% in the 1st quarter. NewEdge Wealth LLC now owns 78,653 shares of the utilities provider’s stock valued at $4,862,000 after buying an additional 4,982 shares in the last quarter. First Citizens Bank & Trust Co. bought a new position in Dominion Energy during the 1st quarter worth $242,000. CI Investments Inc. lifted its holdings in shares of Dominion Energy by 15.1% during the first quarter. CI Investments Inc. now owns 24,284 shares of the utilities provider’s stock worth $1,501,000 after buying an additional 3,178 shares in the last quarter. Finally, Westpac Banking Corp increased its position in Dominion Energy by 1.5% during the first quarter. Westpac Banking Corp now owns 20,887 shares of the utilities provider’s stock worth $1,291,000 after acquiring an additional 317 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Up 0.5%

D stock opened at $71.44 on Friday. The firm has a 50-day moving average price of $68.39 and a 200-day moving average price of $64.33. Dominion Energy Inc. has a 12 month low of $55.85 and a 12 month high of $72.99. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $62.83 billion, a P/E ratio of 21.14 and a beta of 0.65.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.43 billion. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, equities research analysts anticipate that Dominion Energy Inc. will post 3.58 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 $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Friday, May 29th. Dominion Energy’s dividend payout ratio is presently 78.99%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on D shares. Bank of America boosted their price objective on shares of Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Weiss Ratings upgraded Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Morgan Stanley reduced their price target on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Wells Fargo & Company raised their price objective on Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Finally, BMO Capital Markets upped their target price on Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday. Four 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $68.00.

Dominion Energy News Roundup

Here are the key news stories impacting Dominion Energy this week:

• Positive Sentiment: Dominion’s upcoming second-quarter earnings report is drawing positive attention, with analysts expecting single-digit bottom-line growth and investors watching for confirmation that recent operating trends remain intact.
• Positive Sentiment: BMO Capital Markets raised its price target on Dominion Energy to $70 from $64, signaling improved sentiment around the stock even though the firm kept a market-perform rating.
• Positive Sentiment: Dominion Energy reported record-high demand on its power grid, which can reinforce the case for strong utility load growth and stable revenue momentum. Article: Dominion Energy reports record high demand on power grid
• Neutral Sentiment: The company is working with local officials in Hampton and Graniteville to prepare for strong storms, flooding, and possible outages, which highlights operational readiness but is not a clear earnings driver.
• Neutral Sentiment: Virginia regulators rejected an attempt to pause Dominion’s Loudoun County power line project, reducing one procedural risk but leaving the broader transmission controversy unresolved. Article: Virginia regulators reject last-minute bid to pause Dominion power lines through Loudoun neighborhood
• Negative Sentiment: Dominion continues to face pushback over proposed transmission lines in northern Virginia, and the company dropped one proposed route for the project, underscoring political and permitting risk that could weigh on sentiment. Article: Dominion Energy faces pushback in northern Virginia over proposed transmission lines
• Negative Sentiment: A Virginia nonprofit also said a proposed Dominion Energy merger lacks critical details, adding another source of uncertainty around strategic execution.

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.