Dominion Energy Inc. $D Stock: Lido Advisors LLC Lowers Position

Lido Advisors LLC reduced its position in Dominion Energy Inc. (NYSE:D) by 11.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,328 shares of the utilities provider’s stock after selling 12,064 shares during the period. Lido Advisors LLC’s holdings in Dominion Energy were worth $5,588,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in D. Frazier Financial Advisors LLC acquired a new stake in shares of Dominion Energy during the 2nd quarter valued at about $31,000. Signature Equity Partners LLC grew its stake in shares of Dominion Energy by 83.9% in the 3rd quarter. Signature Equity Partners LLC now owns 526 shares of the utilities provider’s stock valued at $32,000 after buying an additional 240 shares in the last quarter. Beacon Financial Strategies CORP grew its stake in shares of Dominion Energy by 269.2% in the 2nd quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider’s stock valued at $33,000 after buying an additional 350 shares in the last quarter. Arlington Trust Co LLC increased its holdings in Dominion Energy by 47.1% in the second quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider’s stock worth $34,000 after buying an additional 160 shares during the last quarter. Finally, Burnham & Co LLC acquired a new position in Dominion Energy in the second quarter worth approximately $34,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on D shares. BMO Capital Markets lifted their target price on shares of Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, July 22nd. Mizuho set a $68.00 price target on shares of Dominion Energy in a research note on Monday, November 2nd. Wells Fargo & Company upgraded shares of Dominion Energy to a “strong-buy” rating in a report on Thursday, September 24th. Truist Financial reduced their price objective on shares of Dominion Energy from $66.00 to $62.00 and set a “hold” rating for the company in a research note on Monday, October 12th. Finally, Evercore upped their price objective on shares of Dominion Energy from $67.00 to $70.00 in a report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $69.33.

Trending Headlines about Dominion Energy

These are some of the D headlines that stood out recently:

• Neutral Sentiment: The proposed $67 billion Dominion–NextEra merger is drawing public feedback in South Carolina, including at a Public Service Commission hearing. The hearings are part of the review process; the reports do not indicate a decision on the deal. Article: Proposed $67B Dominion-NextEra merger prompts North Charleston customers to weigh in
• Negative Sentiment: Virginia Consumer Counsel has raised concerns about gaps in merger filings, including analysis of competitive effects and rate impacts, and whether customer protections would be enforceable. The criticism may complicate regulatory approval or require further review. Article: NextEra Energy draws fresh Virginia questions over merger consumer protections
• Negative Sentiment: Dominion is seeking another rate increase as lawmakers hold an energy town hall. While approval could support utility revenues, the request may heighten affordability concerns and public or regulatory resistance. Article: Dominion seeks another rate hike as lawmakers hold energy town hall

Dominion Energy Stock Down 0.8%

Dominion Energy stock opened at $67.51 on Friday. The firm has a market cap of $59.38 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 3.16 and a beta of 0.62. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.88 and a quick ratio of 0.69. Dominion Energy Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $72.99. The firm has a fifty day moving average price of $64.12 and a two-hundred day moving average price of $65.14.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, October 30th. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. The company had revenue of $5.62 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Dominion Energy had a net margin of 13.99% and a return on equity of 10.09%. The business’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.06 earnings per share. As a group, analysts forecast that Dominion Energy Inc. will post 3.59 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 20th. Investors of record on Friday, December 4th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, December 4th. Dominion Energy’s payout ratio is currently 88.70%.

About Dominion Energy

Dominion Energy, Inc. (NYSE: D) is an energy company focused primarily on regulated electric and natural gas utility services. Its businesses generate, transmit and distribute electricity and deliver natural gas to residential, commercial and industrial customers. The company’s electric utility operations serve customers in Virginia and northeastern North Carolina, as well as parts of South Carolina through Dominion Energy South Carolina. Its power portfolio includes nuclear, natural gas, solar and other energy sources.