16,465 Shares in Dominion Energy Inc. $D Acquired by First Horizon Corp

First Horizon Corp bought a new stake in shares of Dominion Energy Inc. (NYSE:D) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,465 shares of the utilities provider’s stock, valued at approximately $1,007,000.

Several other institutional investors and hedge funds have also modified their holdings of D. Barnes Wealth Management Group Inc increased its stake in shares of Dominion Energy by 4.4% in the 2nd quarter. Barnes Wealth Management Group Inc now owns 3,970 shares of the utilities provider’s stock worth $224,000 after purchasing an additional 169 shares in the last quarter. Sovereign Financial Group Inc. increased its position in Dominion Energy by 1.2% in the third quarter. Sovereign Financial Group Inc. now owns 14,138 shares of the utilities provider’s stock worth $865,000 after buying an additional 169 shares in the last quarter. SPC Financial Inc. increased its position in Dominion Energy by 1.4% in the second quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock worth $688,000 after buying an additional 172 shares in the last quarter. Maridea Wealth Management LLC raised its stake in shares of Dominion Energy by 2.1% in the second quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock worth $505,000 after buying an additional 183 shares during the period. Finally, Redwood Investment Management LLC lifted its position in shares of Dominion Energy by 0.6% during the 2nd quarter. Redwood Investment Management LLC now owns 31,778 shares of the utilities provider’s stock valued at $1,796,000 after buying an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.8%

Shares of NYSE D opened at $58.44 on Tuesday. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.87. The stock has a market capitalization of $49.90 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 1.57 and a beta of 0.72. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.84 and a quick ratio of 0.65. The business has a fifty day moving average price of $59.76 and a 200 day moving average price of $59.70.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. Dominion Energy’s revenue for the quarter was up 14.9% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Equities research analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, December 20th. Investors of record on Friday, December 5th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, December 5th. Dominion Energy’s dividend payout ratio is presently 90.82%.

Analyst Ratings Changes

D has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Dominion Energy from $63.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. TD Cowen began coverage on Dominion Energy in a report on Friday. They set a “hold” rating and a $65.00 price objective on the stock. Wells Fargo & Company assumed coverage on Dominion Energy in a research note on Tuesday, October 28th. They set an “overweight” rating and a $67.00 price objective on the stock. Morgan Stanley increased their target price on shares of Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $64.78.

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.