HighTower Advisors LLC raised its stake in shares of Dominion Energy Inc. (NYSE:D – Free Report) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 633,090 shares of the utilities provider’s stock after buying an additional 41,872 shares during the quarter. HighTower Advisors LLC owned about 0.07% of Dominion Energy worth $43,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of D. BlackRock Inc. bought a new position in shares of Dominion Energy during the second quarter worth $4,986,439,000. California State Teachers Retirement System increased its holdings in Dominion Energy by 6,985.1% in the 2nd quarter. California State Teachers Retirement System now owns 69,835,266 shares of the utilities provider’s stock valued at $4,769,050,000 after acquiring an additional 68,849,598 shares during the last quarter. Capital Research Global Investors increased its holdings in Dominion Energy by 9.0% in the 4th quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider’s stock valued at $3,503,142,000 after acquiring an additional 4,940,692 shares during the last quarter. State Street Corp lifted its stake in Dominion Energy by 3.6% in the 4th quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock worth $2,848,662,000 after purchasing an additional 1,686,050 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Dominion Energy by 46.2% in 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 purchasing an additional 14,197,581 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.
Wall Street Analyst Weigh In
D has been the topic of several research reports. Truist Financial reduced their target price on Dominion Energy from $68.00 to $66.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Barclays dropped their price target on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Mizuho lifted their price objective on Dominion Energy from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Seaport Research Partners cut Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Jefferies Financial Group upgraded Dominion Energy from a “hold” rating to a “buy” rating and increased their target price for the company from $65.00 to $76.00 in a research report on Thursday, May 28th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $69.93.
Dominion Energy Stock Performance
Shares of NYSE:D opened at $65.72 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43. Dominion Energy Inc. has a 12 month low of $55.85 and a 12 month high of $72.99. The company has a market capitalization of $57.80 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 3.07 and a beta of 0.64. The firm’s 50-day moving average is $68.69 and its 200 day moving average is $65.84.
Dominion Energy (NYSE:D – Get Free Report) last released its earnings results on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, beating 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 firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter in the prior year, the firm posted $0.75 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Research analysts predict that Dominion Energy Inc. will post 3.57 EPS for the current year.
Dominion Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a yield of 4.1%. Dominion Energy’s dividend payout ratio (DPR) is presently 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.
Read More
- Five stocks we like better than Dominion Energy
- 3 Under-the-Radar Defense Stocks With Record Backlogs
- This Korea ETF Has Soared, But the Rally May Not Be Over
- Why Guidewire’s Post-Earnings Plunge May Not Last
- Ride-Share Reckoning: Tesla Drives Into Uber’s Lane
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).
Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.
