AGP Franklin LLC Sells 34,457 Shares of Dominion Energy Inc. $D

AGP Franklin LLC cut its stake in shares of Dominion Energy Inc. (NYSE:D) by 61.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,953 shares of the utilities provider’s stock after selling 34,457 shares during the period. AGP Franklin LLC’s holdings in Dominion Energy were worth $1,357,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP increased its position in Dominion Energy by 46.2% in the fourth 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 in the last quarter. Norges Bank purchased a new position in shares of Dominion Energy during the 4th quarter valued at about $655,142,000. Capital Research Global Investors lifted its position in shares of Dominion Energy by 22.4% during the 3rd quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock valued at $3,355,175,000 after buying an additional 10,049,691 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new position in shares of Dominion Energy during the 4th quarter valued at approximately $125,495,000. Finally, State Street Corp grew its stake in shares of Dominion Energy by 3.6% during the 4th quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock valued at $2,848,662,000 after acquiring an additional 1,686,050 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 0.7%

D opened at $67.94 on Tuesday. The stock has a 50-day moving average of $65.01 and a 200 day moving average of $62.55. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. Dominion Energy Inc. has a 12 month low of $54.25 and a 12 month high of $69.28. The firm has a market cap of $59.75 billion, a P/E ratio of 20.10 and a beta of 0.65.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.43 billion. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, research analysts forecast that Dominion Energy Inc. will post 3.59 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, June 20th. Stockholders of record on Friday, May 29th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.67 annualized dividend and a dividend yield of 3.9%. Dominion Energy’s payout ratio is currently 78.99%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on D shares. Truist Financial decreased their target price on shares of Dominion Energy from $67.00 to $66.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Wells Fargo & Company upped their price target on shares of Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Weiss Ratings raised shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Jefferies Financial Group upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from $65.00 to $76.00 in a research report on Thursday, May 28th. Finally, Wall Street Zen cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $67.69.

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.