Tocqueville Asset Management L.P. Trims Stock Position in Dominion Energy Inc. $D

Tocqueville Asset Management L.P. lessened its stake in shares of Dominion Energy Inc. (NYSE:D) by 19.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 367,501 shares of the utilities provider’s stock after selling 88,569 shares during the period. Tocqueville Asset Management L.P.’s holdings in Dominion Energy were worth $22,480,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of D. CoreFirst Bank & Trust purchased a new stake in shares of Dominion Energy in the 2nd quarter worth $25,000. United Community Bank purchased a new position in shares of Dominion Energy during the third quarter valued at $29,000. Hanson & Doremus Investment Management bought a new stake in shares of Dominion Energy in the third quarter valued at about $31,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Dominion Energy in the second quarter valued at about $32,000. Finally, Capital A Wealth Management LLC lifted its stake in Dominion Energy by 5,038.5% in the second quarter. Capital A Wealth Management LLC now owns 668 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 655 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 1.0%

Shares of D stock traded up $0.64 during mid-day trading on Friday, hitting $63.48. 475,907 shares of the stock traded hands, compared to its average volume of 5,878,991. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $67.57. The stock has a market cap of $55.78 billion, a P/E ratio of 18.46, a P/E/G ratio of 1.69 and a beta of 0.71. 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 stock’s fifty day moving average is $61.94 and its two-hundred day moving average is $60.74.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Monday, February 23rd. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.65 billion. Dominion Energy had a net margin of 18.05% and a return on equity of 9.67%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, February 27th. Dominion Energy’s payout ratio is currently 77.62%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Mizuho raised their target price on shares of Dominion Energy from $62.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. Barclays lowered their price target on shares of Dominion Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Wells Fargo & Company cut their price objective on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. JPMorgan Chase & Co. reduced their price objective on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a research note on Thursday, December 11th. Finally, Weiss Ratings upgraded Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $64.73.

Dominion Energy 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.