Abundance Wealth Counselors Buys New Holdings in Dominion Energy Inc. $D

Abundance Wealth Counselors bought a new stake in Dominion Energy Inc. (NYSE:D) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 15,417 shares of the utilities provider’s stock, valued at approximately $903,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Dominion Energy by 0.3% in the third quarter. Vanguard Group Inc. now owns 106,158,920 shares of the utilities provider’s stock valued at $6,493,741,000 after acquiring an additional 363,610 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Dominion Energy by 22.4% during the third quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock worth $3,355,175,000 after purchasing an additional 10,049,691 shares in the last quarter. State Street Corp lifted its position in shares of Dominion Energy by 1.3% during the third quarter. State Street Corp now owns 46,934,223 shares of the utilities provider’s stock worth $2,870,966,000 after purchasing an additional 592,815 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Dominion Energy by 4.4% during the third quarter. Wellington Management Group LLP now owns 30,746,146 shares of the utilities provider’s stock worth $1,880,742,000 after purchasing an additional 1,298,881 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Dominion Energy by 3.0% during the third quarter. Bank of America Corp DE now owns 14,678,283 shares of the utilities provider’s stock worth $897,871,000 after purchasing an additional 422,971 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

D has been the topic of a number of analyst reports. TD Cowen initiated coverage on Dominion Energy in a research report on Friday, January 9th. They set a “hold” rating and a $65.00 target price on the stock. Barclays lifted their target price on Dominion Energy from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Weiss Ratings raised Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Scotiabank lifted their target price 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, Mizuho boosted their target price on shares of Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $65.45.

Dominion Energy Price Performance

D opened at $63.71 on Wednesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 0.77. Dominion Energy Inc. has a 1-year low of $51.42 and a 1-year high of $67.57. The company has a 50-day moving average of $63.01 and a 200-day moving average of $61.15. The company has a market capitalization of $56.00 billion, a P/E ratio of 18.52, a PEG 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 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 during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, February 27th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, February 27th. Dominion Energy’s dividend payout ratio is presently 77.62%.

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.