Pictet Asset Management Holding SA grew its holdings in Dominion Energy Inc. (NYSE:D – Free Report) by 14.0% during the first quarter, HoldingsChannel.com reports. The firm owned 1,812,766 shares of the utilities provider’s stock after acquiring an additional 222,993 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Dominion Energy were worth $112,065,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in D. AustralianSuper Pty Ltd raised its stake in shares of Dominion Energy by 1,785.9% during the third quarter. AustralianSuper Pty Ltd now owns 519,100 shares of the utilities provider’s stock valued at $31,753,000 after acquiring an additional 491,574 shares in the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of Dominion Energy by 192.1% in the fourth quarter. CWA Asset Management Group LLC now owns 37,068 shares of the utilities provider’s stock valued at $2,172,000 after purchasing an additional 24,376 shares during the period. Wellington Management Group LLP grew its stake in Dominion Energy by 4.4% in the third quarter. Wellington Management Group LLP now owns 30,746,146 shares of the utilities provider’s stock worth $1,880,742,000 after purchasing an additional 1,298,881 shares in the last quarter. Capital Research Global Investors grew its stake in Dominion Energy by 22.4% in the third quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock worth $3,355,175,000 after purchasing an additional 10,049,691 shares in the last quarter. Finally, SageView Advisory Group LLC increased its holdings in Dominion Energy by 100.8% during the 3rd quarter. SageView Advisory Group LLC now owns 56,167 shares of the utilities provider’s stock worth $3,436,000 after purchasing an additional 28,199 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on D shares. Wall Street Zen cut Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Truist Financial cut their price target on Dominion Energy from $67.00 to $66.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Wells Fargo & Company upped their price objective on shares of Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Scotiabank increased their target price on shares of Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Finally, Bank of America boosted their price target on shares of Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $67.62.
Dominion Energy Price Performance
Shares of D stock opened at $69.40 on Monday. The stock’s 50-day moving average is $65.48 and its 200 day moving average is $62.83. Dominion Energy Inc. has a 1-year low of $55.14 and a 1-year high of $70.17. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.78 and a quick ratio of 0.61. The company has a market cap of $61.03 billion, a P/E ratio of 20.53 and a beta of 0.65.
Dominion Energy (NYSE:D – Get Free Report) last released its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The business had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The company’s quarterly revenue was up 23.1% 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 3.59 earnings per share for the current fiscal year.
Dominion Energy Dividend Announcement
The company 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 of this dividend was Friday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 3.8%. Dominion Energy’s dividend payout ratio is presently 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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