7,444 Shares in Dominion Energy Inc. $D Acquired by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC bought a new stake in shares of Dominion Energy Inc. (NYSE:D) during the 1st quarter, Holdings Channel.com reports. The fund bought 7,444 shares of the utilities provider’s stock, valued at approximately $460,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Motiv8 Investments LLC purchased a new stake in shares of Dominion Energy during the 4th quarter worth $25,000. Triumph Capital Management bought a new stake in Dominion Energy during the third quarter valued at about $28,000. Blueline Advisors LLC purchased a new position in Dominion Energy in the fourth quarter valued at about $28,000. Costello Asset Management INC raised its holdings in 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. Finally, Advocate Investing Services LLC bought a new position in Dominion Energy in the fourth quarter worth about $29,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Up 0.1%

NYSE:D opened at $69.90 on Thursday. The company has a market cap of $61.47 billion, a PE ratio of 20.68 and a beta of 0.65. Dominion Energy Inc. has a twelve month low of $55.85 and a twelve month high of $70.59. 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 company’s 50 day moving average is $66.62 and its two-hundred day moving average is $63.40.

Dominion Energy (NYSE:D) last posted 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. The business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.43 billion. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The business’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the company posted $0.93 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Analysts anticipate that Dominion Energy Inc. will post 3.59 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, June 20th. Investors of record on Friday, May 29th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, May 29th. Dominion Energy’s dividend payout ratio is presently 78.99%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on D. Wells Fargo & Company raised their price target on shares of Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Barclays reduced their price objective on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Weiss Ratings raised shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 22nd. Truist Financial lowered their target price on shares of Dominion Energy from $67.00 to $66.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Finally, Mizuho lifted their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $67.62.

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.