Paradigm Capital Management LLC NV Purchases Shares of 13,925 Dominion Energy Inc. $D

Paradigm Capital Management LLC NV acquired a new position in shares of Dominion Energy Inc. (NYSE:D) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,925 shares of the utilities provider’s stock, valued at approximately $951,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bryn Mawr Trust Advisors LLC acquired a new position in Dominion Energy in the 2nd quarter valued at $7,346,000. Ausbil Investment Management Ltd acquired a new stake in shares of Dominion Energy during the second quarter worth $4,603,000. North Dakota State Investment Board acquired a new stake in shares of Dominion Energy during the fourth quarter worth $1,715,000. Florida Trust Wealth Management Co boosted its position in shares of Dominion Energy by 51.6% in the second 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 period. Finally, Oppenheimer Asset Management Inc. bought a new position in Dominion Energy during the second quarter worth about $7,645,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on D shares. TD Cowen upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $69.00 to $80.00 in a research note on Wednesday, August 19th. Barclays lowered their target price 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. Mizuho lifted their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Seaport Research Partners cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dominion Energy in a report on Wednesday, August 19th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $69.93.

Dominion Energy Price Performance

Shares of NYSE:D opened at $66.60 on Tuesday. The firm has a 50 day moving average of $69.19 and a 200-day moving average of $65.69. Dominion Energy Inc. has a 12 month low of $55.85 and a 12 month high of $72.99. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $58.58 billion, a PE ratio of 23.21 and a beta of 0.65.

Dominion Energy (NYSE:D) last posted its quarterly earnings results 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. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, equities research analysts predict that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders 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 4.0%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy’s dividend payout ratio (DPR) is currently 93.03%.

Dominion Energy 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.