ABN Amro Investment Solutions increased its stake in shares of Dominion Energy Inc. (NYSE:D – Free Report) by 20.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 43,411 shares of the utilities provider’s stock after purchasing an additional 7,286 shares during the period. ABN Amro Investment Solutions’ holdings in Dominion Energy were worth $2,684,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Motiv8 Investments LLC acquired a new stake in shares of Dominion Energy during the 4th quarter worth approximately $25,000. Triumph Capital Management bought a new stake in shares of Dominion Energy in the 3rd quarter worth approximately $28,000. Blueline Advisors LLC acquired a new position in Dominion Energy during the 4th quarter valued at approximately $28,000. Costello Asset Management INC grew its stake in Dominion Energy by 66.7% during the 4th quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock worth $29,000 after buying an additional 200 shares during the last quarter. Finally, Advocate Investing Services LLC bought a new position in Dominion Energy during the 4th quarter worth $29,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.
Dominion Energy Price Performance
Shares of Dominion Energy stock opened at $71.44 on Friday. Dominion Energy Inc. has a 52 week low of $55.85 and a 52 week high of $72.99. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. The stock has a market cap of $62.83 billion, a PE ratio of 21.14 and a beta of 0.65. The company’s 50-day moving average price is $68.39 and its two-hundred day moving average price is $64.33.
Dominion Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Saturday, June 20th. Investors of record on Friday, May 29th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 78.99%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Mizuho raised their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Weiss Ratings raised Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Bank of America raised their target price on Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Finally, Truist Financial reduced their price target on Dominion Energy from $67.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, May 29th. Four research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $68.00.
View Our Latest Research Report on Dominion Energy
Key Stories Impacting Dominion Energy
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Dominion’s upcoming second-quarter earnings report is drawing positive attention, with analysts expecting single-digit bottom-line growth and investors watching for confirmation that recent operating trends remain intact.
- Positive Sentiment: BMO Capital Markets raised its price target on Dominion Energy to $70 from $64, signaling improved sentiment around the stock even though the firm kept a market-perform rating.
- Positive Sentiment: Dominion Energy reported record-high demand on its power grid, which can reinforce the case for strong utility load growth and stable revenue momentum. Article: Dominion Energy reports record high demand on power grid
- Neutral Sentiment: The company is working with local officials in Hampton and Graniteville to prepare for strong storms, flooding, and possible outages, which highlights operational readiness but is not a clear earnings driver.
- Neutral Sentiment: Virginia regulators rejected an attempt to pause Dominion’s Loudoun County power line project, reducing one procedural risk but leaving the broader transmission controversy unresolved. Article: Virginia regulators reject last-minute bid to pause Dominion power lines through Loudoun neighborhood
- Negative Sentiment: Dominion continues to face pushback over proposed transmission lines in northern Virginia, and the company dropped one proposed route for the project, underscoring political and permitting risk that could weigh on sentiment. Article: Dominion Energy faces pushback in northern Virginia over proposed transmission lines
- Negative Sentiment: A Virginia nonprofit also said a proposed Dominion Energy merger lacks critical details, adding another source of uncertainty around strategic execution.
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.
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