CIBC Private Wealth Group LLC Sells 12,372 Shares of Dominion Energy Inc. $D

CIBC Private Wealth Group LLC reduced its stake in Dominion Energy Inc. (NYSE:D) by 3.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 335,455 shares of the utilities provider’s stock after selling 12,372 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Dominion Energy were worth $20,520,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. CoreFirst Bank & Trust bought a new stake in Dominion Energy in the 2nd quarter worth about $25,000. Triumph Capital Management bought a new position in shares of Dominion Energy during the 3rd quarter worth approximately $28,000. United Community Bank bought a new position in shares of Dominion Energy during the 3rd quarter worth approximately $29,000. JPL Wealth Management LLC purchased a new position in shares of Dominion Energy in the 3rd quarter worth approximately $30,000. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Dominion Energy in the 3rd quarter worth approximately $31,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Price Performance

Dominion Energy stock opened at $61.02 on Friday. The firm has a market capitalization of $53.63 billion, a P/E ratio of 17.74, a PEG ratio of 1.69 and a beta of 0.71. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $67.57. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.77 and a quick ratio of 0.59. The business has a fifty day moving average price of $62.37 and a 200-day moving average price of $60.83.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Monday, February 23rd. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.65 billion. Dominion Energy had a return on equity of 9.67% and a net margin of 18.05%.The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, equities research analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 27th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, February 27th. Dominion Energy’s dividend payout ratio (DPR) is 77.62%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on D. TD Cowen assumed coverage on Dominion Energy in a research report on Friday, January 9th. They set a “hold” rating and a $65.00 price target for the company. Wells Fargo & Company cut their price objective on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Barclays reduced their price objective on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Scotiabank raised their target price on Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings upgraded Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Dominion Energy has an average rating of “Hold” and an average target price of $64.73.

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.