Freestone Grove Partners LP Acquires Shares of 39,717 Dominion Energy Inc. $D

Freestone Grove Partners LP bought a new position in shares of Dominion Energy Inc. (NYSE:D) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 39,717 shares of the utilities provider’s stock, valued at approximately $2,712,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Motiv8 Investments LLC acquired a new stake in Dominion Energy in the 4th quarter valued at about $25,000. Blueline Advisors LLC purchased a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $28,000. Triumph Capital Management acquired a new stake in shares of Dominion Energy in the third quarter valued at approximately $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 buying an additional 200 shares in the last quarter. Finally, Advocate Investing Services LLC acquired a new position in Dominion Energy during the fourth quarter worth $29,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $65.50 on Friday. The firm has a market cap of $57.61 billion, a PE ratio of 22.82 and a beta of 0.65. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.43. Dominion Energy Inc. has a 52 week low of $55.85 and a 52 week high of $72.99. The business’s fifty day simple moving average is $69.03 and its 200-day simple moving average is $65.78.

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

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.1%. Dominion Energy’s dividend payout ratio (DPR) is currently 93.03%.

Analysts Set New Price Targets

A number of brokerages have issued reports on D. TD Cowen raised Dominion Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $69.00 to $80.00 in a research note on Wednesday, August 19th. Wells Fargo & Company raised their price objective on shares of Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Jefferies Financial Group upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from $65.00 to $76.00 in a report on Thursday, May 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Dominion Energy in a research note on Wednesday, August 19th. Finally, Wall Street Zen downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average price target of $69.93.

Dominion Energy Company 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.