Brookstone Capital Management Sells 12,270 Shares of Dominion Energy Inc. $D

Brookstone Capital Management lessened its position in shares of Dominion Energy Inc. (NYSE:D) by 6.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,377 shares of the utilities provider’s stock after selling 12,270 shares during the period. Brookstone Capital Management’s holdings in Dominion Energy were worth $11,151,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Motiv8 Investments LLC bought a new stake in Dominion Energy in the 4th quarter valued at about $25,000. Triumph Capital Management purchased a new stake in Dominion Energy during the third quarter valued at about $28,000. Blueline Advisors LLC bought a new position in Dominion Energy during the fourth quarter worth about $28,000. JPL Wealth Management LLC purchased a new position in shares of Dominion Energy in the third quarter worth about $30,000. Finally, Costello Asset Management INC increased its stake in shares of Dominion Energy by 66.7% in the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on D. Mizuho boosted their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Seaport Research Partners downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Morgan Stanley reduced their price objective on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Weiss Ratings raised shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Finally, Jefferies Financial Group upgraded Dominion Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $65.00 to $76.00 in a research report on Thursday, May 28th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $67.69.

Dominion Energy Stock Down 0.7%

D stock opened at $67.94 on Tuesday. The stock has a 50-day simple moving average of $65.01 and a two-hundred day simple moving average of $62.55. Dominion Energy Inc. has a twelve month low of $54.25 and a twelve month high of $69.28. The firm has a market capitalization of $59.75 billion, a PE ratio of 20.10 and a beta of 0.65. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38.

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

Dominion Energy Announces Dividend

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

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.