9,449 Shares in Dominion Energy Inc. $D Purchased by Wedbush Fund Advisers LLC

Wedbush Fund Advisers LLC acquired a new stake in Dominion Energy Inc. (NYSE:D) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,449 shares of the utilities provider’s stock, valued at approximately $645,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Dominion Energy in the second quarter valued at $4,986,439,000. Wellington Management Group LLP lifted its stake in shares of Dominion Energy by 46.2% during the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock worth $2,633,253,000 after buying an additional 14,197,581 shares during the last quarter. Norges Bank bought a new stake in shares of Dominion Energy during the 4th quarter worth about $655,142,000. Bank of New York Mellon Corp bought a new stake in shares of Dominion Energy during the 2nd quarter worth about $697,388,000. Finally, Legal & General Group Plc acquired a new position in Dominion Energy in the 2nd quarter valued at about $467,353,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Royal Bank Of Canada upped their target price 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. Truist Financial lowered their target price on Dominion Energy from $68.00 to $66.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. UBS Group set a $80.00 price target on Dominion Energy in a report on Wednesday, August 19th. Finally, Jefferies Financial Group upgraded Dominion Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $65.00 to $76.00 in a research note on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $69.93.

Dominion Energy Stock Performance

Shares of NYSE:D opened at $66.94 on Wednesday. The company’s 50 day simple moving average is $69.16 and its 200 day simple moving average is $65.72. The stock has a market capitalization of $58.87 billion, a price-to-earnings ratio of 23.32 and a beta of 0.65. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. Dominion Energy Inc. has a 1 year low of $55.85 and a 1 year high of $72.99.

Dominion Energy (NYSE:D) last released its earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.11. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, research analysts predict that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.0%. Dominion Energy’s dividend payout ratio is 93.03%.

About Dominion Energy

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.