CIBC Private Wealth Group LLC Lowers Position in Dominion Energy Inc. $D

CIBC Private Wealth Group LLC decreased its holdings in shares of Dominion Energy Inc. (NYSE:D) by 3.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 335,455 shares of the utilities provider’s stock after selling 12,372 shares during the period. CIBC Private Wealth Group LLC’s holdings in Dominion Energy were worth $20,520,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. CoreFirst Bank & Trust bought a new position in Dominion Energy in the 2nd quarter worth about $25,000. Triumph Capital Management bought a new stake in shares of Dominion Energy during the 3rd quarter valued at about $28,000. United Community Bank purchased a new position in shares of Dominion Energy during the third quarter worth about $29,000. JPL Wealth Management LLC purchased a new position in shares of Dominion Energy during the third quarter worth about $30,000. Finally, Hanson & Doremus Investment Management bought a new position in shares of Dominion Energy in the third quarter worth approximately $31,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $61.02 on Friday. The company’s fifty day simple moving average is $62.37 and its two-hundred day simple moving average is $60.83. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $67.57. The firm has a market cap of $53.63 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 1.69 and a beta of 0.71. The company has a quick ratio of 0.59, a current ratio of 0.77 and a debt-to-equity ratio of 1.36.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Monday, February 23rd. The utilities provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.65 billion. Dominion Energy had a net margin of 18.05% and a return on equity of 9.67%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, equities analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be issued a $0.6675 dividend. The ex-dividend date is Friday, February 27th. This represents a $2.67 annualized dividend and a yield of 4.4%. Dominion Energy’s dividend payout ratio (DPR) is 77.62%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on D. Wells Fargo & Company lowered their target price on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Mizuho boosted their price target on shares of Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. JPMorgan Chase & Co. decreased their price target on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a report on Thursday, December 11th. TD Cowen began coverage on shares of Dominion Energy in a research report on Friday, January 9th. They set a “hold” rating and a $65.00 price objective on the stock. Finally, Scotiabank upped their target price on shares of Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $64.73.

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.