Dominion Energy, Inc.

(New York Stock Exchange)
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Slightly Bullish +25

7,444 Shares in Dominion Energy Inc. $D Acquired by Elevation Point ...

AI-generated analysis

πŸ“ˆ Elevation Point Wealth Partners LLC purchased a new stake of 7,444 shares valued at approximately $460,000 during the first quarter.

🏦 Multiple other institutions including Motiv8 Investments and Costello Asset Management increased or established new positions in the fourth quarter.

πŸ’° Dominion Energy recently paid a quarterly dividend of $0.6675 per share with an annualized yield of 3.8%.

πŸ“Š The company trades at a market cap of $61.47 billion with a P/E ratio of 20.68 and a beta of 0.65.

πŸ“‰ Financial ratios show a current ratio of 0.78, quick ratio of 0.61, and a debt-to-equity ratio of 1.38.

πŸ” Analyst consensus is 'Hold' with an average price target of $67.62 based on reports from major financial institutions.

⚑ Dominion Energy operates a diversified portfolio including nuclear, natural gas, and renewable energy sources like solar and wind.

πŸ“ The utility provider serves residential, commercial, and industrial customers across its regulated service territories in Virginia and beyond.

Bullish Signals
  • Elevation Point Wealth Partners LLC initiated a new position by purchasing 7,444 shares valued at approximately $460,000 during the first quarter.
  • Costello Asset Management increased its holdings by 66.7% in the fourth quarter, adding 200 shares to reach a total of 500 shares.
  • Wells Fargo & Company raised its price target from $66.00 to $68.00 and maintained an 'overweight' rating on the stock.
  • Mizuho lifted its price target from $66.00 to $72.00, indicating potential upside according to their analysis.
  • Weiss Ratings upgraded Dominion Energy from a 'buy (b-)' to a 'buy (b)' rating in a recent research report.
  • The company offers a competitive dividend yield of 3.8% with an annualized payout of $2.67 per share.
Risk Factors
  • Truist Financial lowered its price target from $67.00 to $66.00 and assigned a 'hold' rating, suggesting limited near-term upside.
  • Barclays reduced its price objective from $70.00 to $69.00 while maintaining an 'overweight' rating.
  • The stock currently has a consensus rating of 'Hold' with one analyst issuing a 'Sell' rating out of fourteen total analysts.
Full Analysis
Elevation Point Wealth Partners LLC acquired a new stake in Dominion Energy Inc. (NYSE:D) during the first quarter, purchasing 7,444 shares valued at approximately $460,000. Several other institutional investors also adjusted their positions recently, including Motiv8 Investments, Triumph Capital Management, Blueline Advisors, Costello Asset Management, and Advocate Investing Services, with holdings ranging from new stakes of roughly $25,000 to $29,000 to a 66.7% increase by Costello. Dominion Energy Inc. currently trades at a market capitalization of $61.47 billion with a price-to-earnings ratio of 20.68 and a beta of 0.65. The stock recently opened at $69.90, trading between a twelve-month low of $55.85 and a high of $70.59. Financial metrics indicate a current ratio of 0.78, a quick ratio of 0.61, and a debt-to-equity ratio of 1.38. The company recently paid a quarterly dividend of $0.6675 per share to investors of record on May 29th, resulting in an annualized dividend yield of 3.8%. Analyst consensus from firms like Wells Fargo, Barclays, and Mizuho remains mixed, with price targets ranging from $66.00 to $72.00 and a general consensus rating of 'Hold' at an average target of $67.62. Headquartered in Richmond, Virginia, Dominion Energy operates as a diversified utility provider focused on regulated electricity and natural gas services. Its portfolio includes generation, transmission, and distribution across nuclear, natural gas, and renewable sources like solar and wind, serving residential, commercial, and industrial customers within its service territories.