Bayshore Asset Management LLC Invests $568,000 in Dominion Energy Inc. $D

Bayshore Asset Management LLC bought a new stake in Dominion Energy Inc. (NYSE:D) in the 2nd quarter, Holdings Channel.com reports. The firm bought 8,324 shares of the utilities provider’s stock, valued at approximately $568,000. Dominion Energy accounts for about 0.2% of Bayshore Asset Management LLC’s holdings, making the stock its 29th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bryn Mawr Trust Advisors LLC acquired a new stake in shares of Dominion Energy during the second quarter worth about $7,346,000. Ausbil Investment Management Ltd acquired a new position in Dominion Energy in the 2nd quarter valued at about $4,603,000. Florida Trust Wealth Management Co raised its stake in Dominion Energy by 51.6% during the 2nd quarter. Florida Trust Wealth Management Co now owns 67,185 shares of the utilities provider’s stock valued at $4,588,000 after acquiring an additional 22,870 shares during the last quarter. North Dakota State Investment Board purchased a new stake in Dominion Energy during the 4th quarter valued at approximately $1,715,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Dominion Energy during the 2nd quarter worth approximately $7,645,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 1.6%

Dominion Energy stock opened at $65.72 on Friday. 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. The company has a market cap of $57.80 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 3.07 and a beta of 0.64. The stock’s 50 day moving average price is $68.76 and its 200 day moving average price is $65.84.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.11. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter in the prior year, the business posted $0.75 earnings per share. Dominion Energy’s revenue 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, sell-side analysts predict that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.

Dominion Energy Announces Dividend

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

Analysts Set New Price Targets

D has been the topic of several analyst reports. Morgan Stanley lowered their target price on Dominion Energy from $71.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Dominion Energy in a research report on Wednesday, August 19th. Wells Fargo & Company boosted their price objective on shares of Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Seaport Research Partners downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. 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 given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $69.93.

Key Headlines Impacting Dominion Energy

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

• Positive Sentiment: Dominion shareholders approved the proposed $66.8 billion all-stock merger with NextEra Energy by an overwhelming margin, with approximately 671.3 million votes in favor. The approval removes a major transaction hurdle and supports the companies’ expected long-term strategic combination. Dominion Energy secures shareholder approval for merger with NextEra
• Neutral Sentiment: A Virginia panel backed a Dominion gas plant that could improve generation capacity and reliability, but the project may add a long-term charge to customers’ electric bills. The potential infrastructure benefit is therefore balanced by affordability concerns. Virginia panel backs Dominion gas plant
• Negative Sentiment: Arlington County plans to intervene in the merger review, citing rising electric bills and seeking greater scrutiny of the transaction. Other advocacy groups and Virginia officials are also requesting answers about how the merger could affect rates, increasing the risk of delays or additional conditions. Arlington to intervene in Dominion-NextEra merger
• Negative Sentiment: Dominion Power proposed a rate increase to recover approximately $922 million in fuel costs. Higher customer bills, repeated outage complaints and opposition to new transmission land acquisitions could intensify political and regulatory pressure on the utility. Dominion Power proposes price hike

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.