Vaughan David Investments LLC IL Sells 391,466 Shares of Dominion Energy Inc. $D

Vaughan David Investments LLC IL trimmed its stake in shares of Dominion Energy Inc. (NYSE:D) by 67.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 188,576 shares of the utilities provider’s stock after selling 391,466 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Dominion Energy were worth $11,049,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Triumph Capital Management bought a new stake in shares of Dominion Energy during the 3rd quarter valued at $28,000. Blueline Advisors LLC bought a new stake in shares of Dominion Energy during the 4th quarter valued at $28,000. Costello Asset Management INC raised its stake in shares of Dominion Energy by 66.7% during the 4th quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 200 shares during the period. JPL Wealth Management LLC bought a new stake in shares of Dominion Energy during the 3rd quarter valued at $30,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of Dominion Energy by 5,080.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 518 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 508 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Key Dominion Energy News

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

• Positive Sentiment: Dominion is being viewed as a beneficiary of data center expansion, which could boost electricity demand and long-term earnings growth. Dominion Energy (D) is Poised to Benefit from Data Center Expansion
• Positive Sentiment: News and commentary around a potential NextEra-Dominion merger suggests the company could become part of a larger strategic utility deal, which some investors see as a possible valuation catalyst. Now Is a Good Time to Buy Into America’s Mega Utility Merger
• Positive Sentiment: Dominion is advancing grid infrastructure for an offshore wind project off North Carolina, signaling continued capital deployment into regulated energy assets. Dominion to buy land for North Carolina offshore wind project

Dominion Energy Price Performance

Shares of NYSE D opened at $66.80 on Friday. The firm has a market capitalization of $58.75 billion, a P/E ratio of 19.76 and a beta of 0.65. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38. The stock’s 50-day simple moving average is $64.26 and its two-hundred day simple moving average is $62.23. Dominion Energy Inc. has a twelve month low of $53.36 and a twelve month high of $68.97.

Dominion Energy (NYSE:D) last announced 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. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same period in the prior year, the company earned $0.93 EPS. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, equities analysts anticipate that Dominion Energy Inc. will post 3.59 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 20th. Stockholders of record on Friday, May 29th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, May 29th. Dominion Energy’s dividend payout ratio is presently 78.99%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on D. Barclays boosted their price objective on Dominion Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings upgraded Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Bank of America upped their target price on Dominion Energy from $63.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Seaport Research Partners lowered Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group upgraded Dominion Energy from a “hold” rating to a “buy” rating and upped their target price for the stock from $65.00 to $76.00 in a research note on Thursday, May 28th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $67.69.

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.