First Horizon Corp Takes $1.01 Million Position in Dominion Energy Inc. $D

First Horizon Corp bought a new position in shares of Dominion Energy Inc. (NYSE:D) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,465 shares of the utilities provider’s stock, valued at approximately $1,007,000.

Several other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in Dominion Energy by 64.3% during the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after buying an additional 3,553 shares in the last quarter. Empowered Funds LLC lifted its position 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 in the last quarter. Woodline Partners LP lifted its holdings in Dominion Energy by 40.7% during the first quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock valued at $3,979,000 after purchasing an additional 20,522 shares in the last quarter. Intech Investment Management LLC increased its stake in Dominion Energy by 71.2% during the 1st quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock worth $1,708,000 after buying an additional 12,663 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Dominion Energy by 14.5% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,008 shares of the utilities provider’s stock valued at $170,000 after purchasing an additional 380 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

D has been the subject of a number of recent research reports. Barclays raised their target price on Dominion Energy from $63.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 17th. Wells Fargo & Company assumed coverage on shares of Dominion Energy in a report on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 price objective on the stock. BTIG Research initiated coverage on shares of Dominion Energy in a research note on Wednesday, October 22nd. They set a “neutral” rating for the company. JPMorgan Chase & Co. dropped their price target on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a research report on Thursday, December 11th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $70.00 price target on shares of Dominion Energy in a research note on Tuesday, October 28th. Two investment 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. According to data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $64.78.

Dominion Energy Stock Up 0.8%

Shares of NYSE:D opened at $58.44 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.87. The company has a market capitalization of $49.90 billion, a PE ratio of 19.88, a P/E/G ratio of 1.57 and a beta of 0.72. The firm has a 50 day simple moving average of $59.76 and a 200-day simple moving average of $59.70.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.04. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.71 billion. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 EPS. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. On average, equities analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, December 20th. Investors of record on Friday, December 5th were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.6%. Dominion Energy’s dividend payout ratio (DPR) is currently 90.82%.

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.