Exchange Traded Concepts LLC Raises Stake in Dominion Energy Inc. $D

Exchange Traded Concepts LLC grew its holdings in shares of Dominion Energy Inc. (NYSE:D) by 16.2% during the 4th quarter, HoldingsChannel reports. The fund owned 302,366 shares of the utilities provider’s stock after acquiring an additional 42,094 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Dominion Energy were worth $17,716,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in D. Vanguard Group Inc. boosted its stake in shares of Dominion Energy by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 106,158,920 shares of the utilities provider’s stock valued at $6,493,741,000 after purchasing an additional 363,610 shares in the last quarter. Capital Research Global Investors raised its position in Dominion Energy by 22.4% in the 3rd quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock worth $3,355,175,000 after purchasing an additional 10,049,691 shares during the period. State Street Corp raised its position in Dominion Energy by 1.3% in the 3rd quarter. State Street Corp now owns 46,934,223 shares of the utilities provider’s stock worth $2,870,966,000 after purchasing an additional 592,815 shares during the period. Wellington Management Group LLP lifted its stake in Dominion Energy by 4.4% in the third quarter. Wellington Management Group LLP now owns 30,746,146 shares of the utilities provider’s stock worth $1,880,742,000 after purchasing an additional 1,298,881 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Dominion Energy by 3.0% during the third quarter. Bank of America Corp DE now owns 14,678,283 shares of the utilities provider’s stock valued at $897,871,000 after buying an additional 422,971 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on D shares. Weiss Ratings raised Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Scotiabank boosted their target price on Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. TD Cowen assumed coverage on Dominion Energy in a report on Friday, January 9th. They set a “hold” rating and a $65.00 target price for the company. Barclays decreased their price target on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Finally, Mizuho boosted their price objective on Dominion Energy from $62.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and a consensus price target of $65.20.

Dominion Energy Price Performance

D opened at $60.89 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 0.77. The stock has a market capitalization of $53.52 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 1.65 and a beta of 0.71. The stock’s 50 day moving average price is $62.46 and its 200-day moving average price is $60.91. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $67.57.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Monday, February 23rd. The utilities provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.65 billion. Dominion Energy had a return on equity of 9.67% and a net margin of 18.05%.The firm’s revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 earnings per share. 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 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, February 27th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. Dominion Energy’s payout ratio is presently 77.62%.

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.