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Dominion Energy serves one of the fastest-growing data center markets in the world. NextEra Energy has multiple ways to cash in on consumers' growing energy needs.
Failure to meet surging data center energy demand will jeopardize economic growth, utility execs warn
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Reasons to Add Dominion Energy (D) to Your Portfolio Now
Dominion Energy (D) is currently a solid investment opportunity for investors, given its rising earnings estimates, stable performance and rising demand to boost its performance.
US Fears Above-Average Hurricane Season: Are Utilities Prepared?
Utilities like Dominion (D), NextEra Energy (NEE) and FirstEnergy (FE) have taken steps to provide high-quality service during storms and restore outages as quickly as possible.
Dominion Energy (D) Upgraded to Buy: What Does It Mean for the Stock?
Dominion Energy (D) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Dominion Energy (D) Stock Sinks As Market Gains: Here's Why
Dominion Energy (D) concluded the recent trading session at $49.19, signifying a -1.42% move from its prior day's close.
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High-Voltage Value: Why Dominion Energy Looks Like A Shockingly Good Investment
Dominion Energy, Inc. has struggled with a low total return over the past decade, but recent developments offer hope for growth. The rise in data centers, particularly in Virginia, provides a significant tailwind for Dominion Energy's long-term electricity demand. With a 5.4% dividend yield, strategic investments in offshore wind, and debt reduction efforts, Dominion Energy presents a compelling investment opportunity.
Dominion Energy (D) Rises But Trails Market: What Investors Should Know
In the latest trading session, Dominion Energy (D) closed at $51.46, marking a +0.04% move from the previous day.
Dominion (D) Fortifies Infrastructure Before Hurricane Season
Dominion Energy's (D) unit Dominion Energy Virginia further strengthens its infrastructure before the hurricane season. Burying power lines will allow it to provide power even during extreme weather conditions.
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Generative AI demand is soaring, as is energy consumption along with it. Demand for new data centers will drive demand for power.
Beacon Pointe Advisors LLC Sells 3,059 Shares of Dominion Energy, Inc. (NYSE:D)
Beacon Pointe Advisors LLC trimmed its position in Dominion Energy, Inc. (NYSE:D – Free Report) by 7.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 37,465 shares of the utilities provider’s stock after selling 3,059 shares during the period. Beacon Pointe Advisors LLC’s holdings in Dominion Energy were worth $1,761,000 as of its most recent filing with the SEC. A number of other institutional investors and hedge funds also recently made changes to their positions in D. Criterion Capital Advisors LLC bought a new stake in shares of Dominion Energy during the fourth quarter worth $29,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Dominion Energy during the fourth quarter valued at approximately $30,000. Venturi Wealth Management LLC boosted its holdings in shares of Dominion Energy by 84.5% in the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after buying an additional 310 shares during the last quarter. Briaud Financial Planning Inc acquired a new position in Dominion Energy during the third quarter worth approximately $36,000. Finally, Oliver Lagore Vanvalin Investment Group increased its holdings in shares of Dominion Energy by 91.1% during the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 839 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 73.04% of the company’s stock. Wall Street Analysts Forecast Growth A number of analysts have recently issued reports on D shares. Guggenheim cut their target price on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. BMO Capital Markets increased their target price on Dominion Energy from $51.00 to $52.00 and gave the stock a “market perform” rating in a research note on Monday, May 6th. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Evercore ISI lifted their price target on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. Finally, Barclays cut their target price on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $51.73. Read Our Latest Research Report on Dominion Energy Dominion Energy Stock Performance Shares of Dominion Energy stock opened at $53.50 on Monday. The business has a 50-day simple moving average of $49.79 and a 200 day simple moving average of $47.63. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $54.74. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. The firm has a market capitalization of $44.81 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 1.84 and a beta of 0.59. Dominion Energy (NYSE:D – Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $4.34 billion. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The company’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.99 earnings per share. On average, research analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year. Dominion Energy Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.99%. The ex-dividend date is Friday, May 31st. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%. Insiders Place Their Bets In other news, Director Joseph M. Rigby purchased 2,130 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the transaction, the director now directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Robert M. Blue bought 21,735 shares of the company’s stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the transaction, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph M. Rigby purchased 2,130 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was bought at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the acquisition, the director now directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The disclosure for this purchase can be found here. Insiders own 0.12% of the company’s stock. Dominion Energy Profile (Free Report) Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina. See Also Five stocks we like better than Dominion Energy What is a Death Cross in Stocks? Canada Goose Flies Higher Driven By DTC Growth How to Use Stock Screeners to Find Stocks CVS Health Stock Has a Silver Lining Called Value Dividend Payout Ratio Calculator Magnificent 7 Still Magnificent as the Halfway Mark Approaches? Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy, Inc. (NYSE:D – Free Report).
