Hsbc Holdings PLC grew its stake in Dominion Energy Inc. (NYSE:D – Free Report) by 7.4% during the fourth quarter, HoldingsChannel reports. The fund owned 2,462,519 shares of the utilities provider’s stock after acquiring an additional 169,581 shares during the quarter. Hsbc Holdings PLC’s holdings in Dominion Energy were worth $144,335,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in D. SHP Wealth Management purchased a new stake in shares of Dominion Energy during the 4th quarter worth $85,000. CFO Capital Management LLC bought a new stake in Dominion Energy during the fourth quarter valued at about $229,000. Strategic Investment Solutions Inc. IL grew its stake in Dominion Energy by 464.7% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 3,134 shares of the utilities provider’s stock valued at $184,000 after purchasing an additional 2,579 shares during the last quarter. Anchor Investment Management LLC raised its holdings in Dominion Energy by 3.0% in the fourth quarter. Anchor Investment Management LLC now owns 11,213 shares of the utilities provider’s stock worth $657,000 after purchasing an additional 329 shares in the last quarter. Finally, Tempo Wealth LLC bought a new position in Dominion Energy in the fourth quarter worth about $206,000. 73.04% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Royal Bank Of Canada increased their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Morgan Stanley reduced their price objective on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Wall Street Zen cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Truist Financial lowered their target price on shares of Dominion Energy from $67.00 to $66.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Finally, Bank of America lifted their price target on shares of Dominion Energy from $63.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.69.
Dominion Energy Trading Up 0.0%
Shares of NYSE:D opened at $68.42 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38. Dominion Energy Inc. has a 52-week low of $54.05 and a 52-week high of $69.28. The stock has a market cap of $60.17 billion, a price-to-earnings ratio of 20.24 and a beta of 0.65. The business has a 50-day moving average price of $64.94 and a 200-day moving average price of $62.49.
Dominion Energy (NYSE:D – Get Free Report) last issued its earnings results on Friday, May 1st. The utilities provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. Dominion Energy’s revenue for the quarter was up 23.1% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities analysts predict that Dominion Energy Inc. will post 3.59 EPS for the current year.
Dominion Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Saturday, June 20th. Investors of record on Friday, May 29th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 3.9%. Dominion Energy’s payout ratio is currently 78.99%.
About Dominion Energy
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.
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