Kintayl Capital LP bought a new position in shares of Dominion Energy Inc. (NYSE:D – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 112,082 shares of the utilities provider’s stock, valued at approximately $7,654,000. Dominion Energy makes up 3.0% of Kintayl Capital LP’s portfolio, making the stock its 7th largest position.
A number of other institutional investors have also added to or reduced their stakes in D. BlackRock Inc. bought a new stake in shares of Dominion Energy in the 2nd quarter valued at about $4,986,439,000. Wellington Management Group LLP lifted its position in shares of 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 during the period. Norges Bank bought a new position in shares of Dominion Energy during the fourth quarter valued at approximately $655,142,000. Bank of New York Mellon Corp purchased a new position in Dominion Energy during the second quarter valued at approximately $697,388,000. Finally, Legal & General Group Plc purchased a new position in Dominion Energy during the second quarter valued at approximately $467,353,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Barclays lowered their target price on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Mizuho lifted their price target on Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Seaport Research Partners lowered Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. TD Cowen upgraded Dominion Energy from a “hold” rating to a “buy” rating and upped their price objective for the stock from $69.00 to $80.00 in a research note on Wednesday, August 19th. Finally, UBS Group set a $80.00 target price on Dominion Energy in a research note on Wednesday, August 19th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $69.93.
Dominion Energy Stock Performance
Shares of Dominion Energy stock opened at $66.94 on Wednesday. The firm has a market capitalization of $58.87 billion, a P/E ratio of 23.32 and a beta of 0.65. 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 50 day moving average price of $69.16 and a 200 day moving average price of $65.72. Dominion Energy Inc. has a 52 week low of $55.85 and a 52 week high of $72.99.
Dominion Energy (NYSE:D – Get Free Report) last released its earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.11. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter in the previous year, the firm earned $0.75 EPS. Dominion Energy’s 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. Sell-side analysts expect that Dominion Energy Inc. will post 3.57 EPS for the current year.
Dominion Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.0%. Dominion Energy’s payout ratio is 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.
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