Steward Partners Investment Advisory LLC Grows Stock Holdings in Dominion Energy Inc. $D

by · The Cerbat Gem

Steward Partners Investment Advisory LLC raised its holdings in shares of Dominion Energy Inc. (NYSE:D – Free Report) by 0.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 153,111 shares of the utilities provider’s stock after buying an additional 840 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Dominion Energy were worth $8,654,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Westside Investment Management Inc. lifted its holdings in shares of Dominion Energy by 123.3% in the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 259 shares during the last quarter. AlphaQuest LLC bought a new stake in Dominion Energy during the first quarter worth approximately $27,000. Dagco Inc. purchased a new stake in Dominion Energy during the first quarter valued at approximately $31,000. N.E.W. Advisory Services LLC bought a new stake in shares of Dominion Energy in the 1st quarter valued at approximately $34,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Dominion Energy in the 2nd quarter worth approximately $36,000. 73.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on D shares. JPMorgan Chase & Co. increased their price target on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a report on Thursday, August 21st. BMO Capital Markets reduced their target price on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Evercore ISI started coverage on shares of Dominion Energy in a research note on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price target for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. Finally, Morgan Stanley raised their price objective on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average price target of $64.22.

Read Our Latest Report on D

Dominion Energy Stock Performance

Dominion Energy stock opened at $61.51 on Wednesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. The company has a market capitalization of $52.53 billion, a PE ratio of 21.21, a P/E/G ratio of 2.13 and a beta of 0.63. The company has a 50 day moving average price of $60.66 and a 200-day moving average price of $58.84. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.52.

Dominion Energy (NYSE:D – Get Free Report) last released its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.04. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same period in the previous year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, equities analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders of record on Friday, December 5th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.3%. Dominion Energy’s dividend payout ratio is currently 90.82%.

About Dominion Energy

(Free Report)

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

See Also

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