Redwood Investment Management LLC Takes $853,000 Position in Dominion Energy Inc. $D

Redwood Investment Management LLC purchased a new stake in Dominion Energy Inc. (NYSE:D) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 12,492 shares of the utilities provider’s stock, valued at approximately $853,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Motiv8 Investments LLC acquired a new stake in shares of Dominion Energy during the 4th quarter worth $25,000. Blueline Advisors LLC acquired a new position in Dominion Energy in the fourth quarter valued at about $28,000. Triumph Capital Management bought a new stake in Dominion Energy during the third quarter worth about $28,000. Costello Asset Management INC lifted its position in Dominion Energy by 66.7% during the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 200 shares during the period. Finally, Advocate Investing Services LLC acquired a new stake in Dominion Energy during the fourth quarter worth about $29,000. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on D shares. Truist Financial decreased their target price on shares of Dominion Energy from $68.00 to $66.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. TD Cowen upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from $69.00 to $80.00 in a research report on Wednesday, August 19th. UBS Group set a $80.00 price objective on shares of Dominion Energy in a research note on Wednesday, August 19th. BMO Capital Markets boosted their price objective on shares of Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company raised their target price on Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $69.93.

Dominion Energy Stock Down 0.6%

Shares of NYSE D opened at $66.48 on Friday. The company has a market cap of $58.47 billion, a price-to-earnings ratio of 23.16 and a beta of 0.65. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43. Dominion Energy Inc. has a 12 month low of $55.85 and a 12 month high of $72.99. The stock has a 50-day moving average price of $69.09 and a two-hundred day moving average price of $65.78.

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

Dominion Energy Dividend Announcement

The business 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 4.0%. Dominion Energy’s dividend payout ratio (DPR) 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.