Exchange Traded Concepts LLC Purchases 42,094 Shares of Dominion Energy Inc. $D

Exchange Traded Concepts LLC lifted its position in shares of Dominion Energy Inc. (NYSE:D) by 16.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 302,366 shares of the utilities provider’s stock after purchasing an additional 42,094 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Dominion Energy were worth $17,716,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. CoreFirst Bank & Trust bought a new stake in Dominion Energy during the 2nd quarter valued at $25,000. Triumph Capital Management bought a new position in shares of Dominion Energy in the third quarter valued at $28,000. United Community Bank bought a new position in shares of Dominion Energy in the third quarter valued at $29,000. JPL Wealth Management LLC acquired a new position in shares of Dominion Energy during the third quarter valued at about $30,000. Finally, Hanson & Doremus Investment Management bought a new stake in shares of Dominion Energy during the third quarter worth about $31,000. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on D. Scotiabank upped their target price on shares of Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. decreased their price objective on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a report on Thursday, December 11th. TD Cowen began coverage on Dominion Energy in a research note on Friday, January 9th. They issued a “hold” rating and a $65.00 price objective for the company. Weiss Ratings upgraded Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Finally, Wells Fargo & Company lowered their price target on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $65.20.

Dominion Energy Trading Down 0.0%

Shares of Dominion Energy stock opened at $60.89 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.77 and a quick ratio of 0.59. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $67.57. The firm has a market cap of $53.52 billion, a PE ratio of 17.70, a PEG ratio of 1.65 and a beta of 0.71. The company has a 50 day simple moving average of $62.46 and a two-hundred day simple moving average of $60.91.

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

Dominion Energy Announces Dividend

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

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.