Dominion Energy Inc. $D Shares Bought by Florida Trust Wealth Management Co

Florida Trust Wealth Management Co grew its holdings in Dominion Energy Inc. (NYSE:D) by 51.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,141 shares of the utilities provider’s stock after purchasing an additional 11,553 shares during the quarter. Florida Trust Wealth Management Co’s holdings in Dominion Energy were worth $2,000,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Barnes Wealth Management Group Inc boosted 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 valued at $224,000 after buying an additional 169 shares during the period. Sovereign Financial Group Inc. increased its stake in shares of Dominion Energy by 1.2% during 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 during the period. Tokio Marine Asset Management Co. Ltd. raised its holdings in Dominion Energy by 0.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 39,145 shares of the utilities provider’s stock valued at $2,394,000 after acquiring an additional 169 shares in the last quarter. Mather Group LLC. raised its holdings in Dominion Energy by 3.4% in the fourth quarter. Mather Group LLC. now owns 5,400 shares of the utilities provider’s stock valued at $316,000 after acquiring an additional 178 shares in the last quarter. Finally, Howard Capital Management Inc. lifted its stake in Dominion Energy by 3.3% in the third quarter. Howard Capital Management Inc. now owns 5,659 shares of the utilities provider’s stock worth $346,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. TD Cowen began coverage on shares of Dominion Energy in a research report on Friday, January 9th. They set a “hold” rating and a $65.00 price objective for the company. JPMorgan Chase & Co. cut their price target on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research note on Thursday, December 11th. Weiss Ratings raised Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Scotiabank upped their price objective on Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Finally, Barclays dropped their price objective on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and a consensus price target of $65.20.

Dominion Energy Price Performance

Shares of NYSE D opened at $62.77 on Monday. The stock has a fifty day moving average price of $62.64 and a 200 day moving average price of $61.00. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-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 company has a market cap of $55.17 billion, a PE ratio of 18.25, a P/E/G ratio of 1.70 and a beta of 0.67.

Dominion Energy (NYSE:D) last released its earnings results on Monday, February 23rd. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. Dominion Energy had a return on equity of 9.67% and a net margin of 18.05%.The company had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the previous year, the firm posted $0.58 EPS. The firm’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. Sell-side analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, February 27th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, February 27th. 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.