HighTower Advisors LLC grew its stake in shares of Dominion Energy Inc. (NYSE:D – Free Report) by 5.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 544,347 shares of the utilities provider’s stock after buying an additional 30,133 shares during the quarter. HighTower Advisors LLC’s holdings in Dominion Energy were worth $31,893,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in D. Brighton Jones LLC grew its stake in shares of Dominion Energy by 64.3% during the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after buying an additional 3,553 shares during the period. Empowered Funds LLC grew its stake in shares of Dominion Energy by 8.3% during the 1st quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock valued at $985,000 after buying an additional 1,344 shares during the period. Woodline Partners LP lifted its holdings in shares of Dominion Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock valued at $3,979,000 after acquiring an additional 20,522 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of Dominion Energy by 71.2% during the 1st quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock valued at $1,708,000 after acquiring an additional 12,663 shares in the last quarter. Finally, Schnieders Capital Management LLC. lifted its holdings in shares of Dominion Energy by 9.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider’s stock valued at $7,041,000 after acquiring an additional 10,775 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.
Dominion Energy Stock Performance
NYSE:D opened at $67.77 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $59.60 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 3.59 and a beta of 0.65. The firm’s fifty day simple moving average is $62.84 and its 200 day simple moving average is $61.64. Dominion Energy Inc. has a twelve month low of $53.36 and a twelve month high of $68.97.
Dominion Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 20th. Shareholders of record on Friday, May 29th will be issued a $0.6675 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 3.9%. Dominion Energy’s payout ratio is currently 78.99%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on D shares. Morgan Stanley reduced their target price on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Truist Financial started coverage on shares of Dominion Energy in a report on Tuesday, April 21st. They set a “hold” rating and a $67.00 target price on the stock. Mizuho lifted their target price on shares of Dominion Energy from $62.00 to $66.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Scotiabank lifted their target price on shares of Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Finally, Jefferies Financial Group lifted their target price on shares of Dominion Energy from $60.00 to $65.00 and gave the company a “hold” rating in a report on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $66.46.
Check Out Our Latest Research Report on D
More Dominion Energy News
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Dominion has been gaining momentum recently, with recent share-price strength reflecting improved investor sentiment and a broader rally in utilities, which were among the best-performing areas of the market this week. S&P 500 Posts Eighth Consecutive Weekly Gain Led by Health Care, Utilities
- Positive Sentiment: News coverage around Dominion’s all-stock merger agreement with NextEra Energy continues to support the stock, as investors evaluate the deal as a potentially transformative utility combination with long-term earnings growth potential. Dominion Energy to Merge With NextEra, Form Utility Behemoth
- Neutral Sentiment: Analyst and valuation-focused coverage suggests investors are also weighing whether Dominion’s recent run-up has already priced in much of the upside from the merger and the company’s improved outlook. Assessing Dominion Energy (D) Valuation After Recent Share Price Momentum
- Neutral Sentiment: Operational updates, such as crews responding to a downed tree and outage in Norfolk, appear routine and are unlikely to materially affect the stock on their own. Dominion Energy crews respond to downed tree, power outage on Meads Avenue in Norfolk
- Negative Sentiment: Some local and regulatory commentary around the proposed NextEra–Dominion transaction highlights caution over ratepayer impacts and distributed-energy concerns, which could create friction for the deal if scrutiny intensifies. The Commonwealth of Virginia Is Right to Proceed with Caution on the Proposed NextEra–Dominion Merger
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.
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