Global Wealth Management Investment Advisory Inc. Grows Position in Dominion Energy Inc. $D

Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of Dominion Energy Inc. (NYSE:D) by 23.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 96,667 shares of the utilities provider’s stock after acquiring an additional 18,481 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Dominion Energy were worth $5,664,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Triumph Capital Management purchased a new stake in Dominion Energy during the third quarter valued at $28,000. United Community Bank purchased a new position in Dominion Energy in the 3rd quarter worth about $29,000. JPL Wealth Management LLC purchased a new position in Dominion Energy in the 3rd quarter worth about $30,000. Costello Asset Management INC increased its stake in Dominion Energy by 66.7% in the 4th quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock worth $29,000 after buying an additional 200 shares during the period. Finally, Cornerstone Planning Group LLC grew its holdings in Dominion Energy by 5,080.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 518 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 508 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on D shares. Bank of America increased their target price on shares of Dominion Energy from $63.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Dominion Energy in a research note on Friday. Jefferies Financial Group raised their price target on shares of Dominion Energy from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Friday, April 10th. Wells Fargo & Company reduced their price target on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Finally, Truist Financial initiated coverage on shares of Dominion Energy in a report on Tuesday, April 21st. They set a “hold” rating and a $67.00 target price for the company. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $66.00.

Dominion Energy Stock Up 0.6%

Shares of NYSE:D opened at $62.93 on Wednesday. The firm’s 50-day moving average is $62.36 and its two-hundred day moving average is $61.32. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.78 and a quick ratio of 0.61. Dominion Energy Inc. has a 1 year low of $52.53 and a 1 year high of $67.57. The firm has a market capitalization of $55.34 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 3.29 and a beta of 0.65.

Dominion Energy (NYSE:D) last released its earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.43 billion. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Analysts predict that Dominion Energy Inc. will post 3.59 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 20th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, May 29th. Dominion Energy’s dividend payout ratio is 78.99%.

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.