Greenwood Capital Associates LLC Reduces Stock Holdings in Dominion Energy Inc. $D

Greenwood Capital Associates LLC lessened its stake in shares of Dominion Energy Inc. (NYSE:D) by 56.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,216 shares of the utilities provider’s stock after selling 20,603 shares during the period. Greenwood Capital Associates LLC’s holdings in Dominion Energy were worth $1,107,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Planning LLC raised its position in Dominion Energy by 0.9% in the 2nd quarter. Cornerstone Planning LLC now owns 17,280 shares of the utilities provider’s stock worth $1,180,000 after purchasing an additional 157 shares during the period. Capital Analysts LLC raised its holdings in shares of Dominion Energy by 2.4% in the fourth quarter. Capital Analysts LLC now owns 6,651 shares of the utilities provider’s stock worth $390,000 after buying an additional 157 shares during the period. Arlington Trust Co LLC boosted its holdings in Dominion Energy by 47.1% during the 2nd quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 160 shares during the period. Navalign LLC increased its stake in Dominion Energy by 1.2% in the first quarter. Navalign LLC now owns 14,229 shares of the utilities provider’s stock worth $880,000 after purchasing an additional 162 shares during the period. Finally, Conning Inc. lifted its position in shares of Dominion Energy by 0.5% during the fourth quarter. Conning Inc. now owns 33,217 shares of the utilities provider’s stock worth $1,946,000 after purchasing an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 1.5%

Shares of D stock opened at $65.50 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. The company has a market cap of $57.61 billion, a price-to-earnings ratio of 22.82 and a beta of 0.65. The stock’s fifty day moving average price is $69.03 and its 200 day moving average price is $65.78. Dominion Energy Inc. has a 1-year low of $55.85 and a 1-year high of $72.99.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.68 by $0.11. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The firm had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same period last year, the firm posted $0.75 EPS. Dominion Energy’s revenue was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, research analysts expect that Dominion Energy Inc. will post 3.57 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.1%. Dominion Energy’s dividend payout ratio is currently 93.03%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on D shares. TD Cowen upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $69.00 to $80.00 in a report on Wednesday, August 19th. Barclays lowered their price target on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Seaport Research Partners downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Morgan Stanley lowered their price objective on shares of Dominion Energy from $71.00 to $68.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Finally, UBS Group set a $80.00 price target on shares of Dominion Energy in a report on Wednesday, August 19th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $69.93.

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.