Coastal Bridge Advisors LLC Buys New Stake in Dominion Energy Inc. $D

Coastal Bridge Advisors LLC bought a new stake in Dominion Energy Inc. (NYSE:D) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 29,144 shares of the utilities provider’s stock, valued at approximately $1,990,000.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Dominion Energy in the second quarter valued at $4,986,439,000. Bank of America Corp DE acquired a new position in Dominion Energy during the 2nd quarter worth about $996,984,000. Wellington Management Group LLP lifted its stake in Dominion Energy by 46.2% during the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock worth $2,633,253,000 after acquiring an additional 14,197,581 shares in the last quarter. Norges Bank purchased a new position in Dominion Energy during the 4th quarter valued at about $655,142,000. Finally, Bank of New York Mellon Corp purchased a new position in Dominion Energy during the 2nd quarter valued at about $697,388,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on D. Truist Financial reduced their price target on shares of Dominion Energy from $68.00 to $66.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. Jefferies Financial Group raised shares of Dominion Energy from a “hold” rating to a “buy” rating and upped their target price for the stock from $65.00 to $76.00 in a research note on Thursday, May 28th. TD Cowen upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $69.00 to $80.00 in a report on Wednesday, August 19th. Wall Street Zen cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Mizuho boosted their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Five 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $69.93.

Dominion Energy Stock Performance

Shares of D opened at $66.48 on Friday. The stock has a 50-day simple moving average of $69.09 and a 200-day simple moving average of $65.78. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. The stock has a market capitalization of $58.47 billion, a PE ratio of 23.16 and a beta of 0.65. 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, topping analysts’ consensus estimates of $0.68 by $0.11. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the previous year, the company posted $0.75 earnings per share. The business’s revenue for the quarter 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, analysts predict that Dominion Energy Inc. will post 3.57 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, September 4th. Dominion Energy’s payout ratio is 93.03%.

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.