Texas Capital Bank Wealth Management Services Inc Takes Position in Dominion Energy Inc. $D

Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Dominion Energy Inc. (NYSE:D) in the second quarter, Holdings Channel.com reports. The institutional investor bought 9,687 shares of the utilities provider’s stock, valued at approximately $662,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of D. UNIVEST FINANCIAL Corp purchased a new position in Dominion Energy during the 2nd quarter worth approximately $215,000. BlackRock Inc. acquired a new stake in Dominion Energy during the 2nd quarter valued at approximately $4,986,439,000. Occidental Asset Management LLC purchased a new stake in shares of Dominion Energy in the 2nd quarter valued at $6,522,000. Pallas Capital Advisors LLC purchased a new stake in shares of Dominion Energy in the 2nd quarter valued at $219,000. Finally, Deutsche Bank AG acquired a new stake in shares of Dominion Energy in the second quarter worth $176,652,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Seaport Research Partners cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Wall Street Zen lowered Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Barclays decreased their price target on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 23rd. Royal Bank Of Canada upped their target price on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Finally, Mizuho raised their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $68.00.

Dominion Energy Stock Performance

Dominion Energy stock opened at $68.88 on Tuesday. The firm has a 50 day simple moving average of $69.15 and a 200-day simple moving average of $65.45. The stock has a market cap of $60.58 billion, a price-to-earnings ratio of 24.00 and a beta of 0.65. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. Dominion Energy Inc. has a 1-year low of $55.85 and a 1-year high of $72.99.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.68 by $0.11. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the previous year, the company earned $0.75 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, analysts expect that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be given a $0.6675 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a yield of 3.9%. Dominion Energy’s payout ratio is currently 93.03%.

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.