R Squared Ltd Invests $896,000 in Dominion Energy Inc. $D

R Squared Ltd acquired a new stake in Dominion Energy Inc. (NYSE:D) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,495 shares of the utilities provider’s stock, valued at approximately $896,000.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Dominion Energy by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 107,099,758 shares of the utilities provider’s stock worth $6,274,975,000 after buying an additional 940,838 shares in the last quarter. Capital Research Global Investors raised its stake in Dominion Energy by 9.0% in the fourth quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider’s stock valued at $3,503,142,000 after purchasing an additional 4,940,692 shares in the last quarter. State Street Corp raised its stake in Dominion Energy by 3.6% in the fourth quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock valued at $2,848,662,000 after purchasing an additional 1,686,050 shares in the last quarter. Wellington Management Group LLP lifted its position in Dominion Energy by 46.2% during the fourth quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock valued at $2,633,253,000 after purchasing an additional 14,197,581 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Dominion Energy by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 20,442,935 shares of the utilities provider’s stock valued at $1,196,056,000 after purchasing an additional 314,932 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

D traded up $0.71 during midday trading on Tuesday, hitting $69.97. The stock had a trading volume of 834,969 shares, compared to its average volume of 6,171,734. Dominion Energy Inc. has a 1 year low of $55.36 and a 1 year high of $70.59. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.78. The business has a fifty day moving average of $66.19 and a 200 day moving average of $63.19. The company has a market cap of $61.54 billion, a P/E ratio of 20.68 and a beta of 0.65.

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

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 20th. Investors of record on Friday, May 29th were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Friday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 78.99%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on D shares. Barclays decreased their price target on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Wall Street Zen downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Truist Financial cut their target price on shares of Dominion Energy from $67.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, May 29th. Wells Fargo & Company increased their target price on Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Finally, Royal Bank Of Canada raised their price target on Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $67.62.

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.