Kentucky Farm Bureau Mutual Insurance Co purchased a new stake in shares of Dominion Energy Inc. (NYSE:D – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,128 shares of the utilities provider’s stock, valued at approximately $2,331,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Dominion Energy in the 2nd quarter worth $4,986,439,000. Wellington Management Group LLP lifted its stake in Dominion Energy by 46.2% in the fourth quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock worth $2,633,253,000 after acquiring an additional 14,197,581 shares during the period. Norges Bank purchased a new stake in Dominion Energy in the fourth quarter worth $655,142,000. Bank of New York Mellon Corp bought a new stake in Dominion Energy in the second quarter valued at $697,388,000. Finally, Capital Research Global Investors boosted its holdings in Dominion Energy by 9.0% in the fourth 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 in the last quarter. Institutional investors own 73.04% of the company’s stock.
Wall Street Analysts Forecast Growth
D has been the subject of several research reports. Jefferies Financial Group upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and upped their price objective for the stock from $65.00 to $76.00 in a report on Thursday, May 28th. Wall Street Zen lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. BMO Capital Markets boosted their price target on shares of Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, July 22nd. Truist Financial decreased their price target on shares of Dominion Energy from $68.00 to $66.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Finally, TD Cowen upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from $69.00 to $80.00 in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $69.93.
Dominion Energy Stock Performance
Dominion Energy stock opened at $68.36 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $60.12 billion, a P/E ratio of 23.82 and a beta of 0.65. The stock’s 50 day moving average is $69.23 and its 200 day moving average is $65.56. Dominion Energy Inc. has a twelve month low of $55.85 and a twelve month high of $72.99.
Dominion Energy (NYSE:D – Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 earnings per share (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 business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter in the previous year, the business earned $0.75 earnings per share. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, equities research analysts predict that Dominion Energy Inc. will post 3.57 earnings per share for the current fiscal year.
Dominion Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy’s payout ratio is currently 93.03%.
Dominion Energy Company 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.
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