Wellington Management Group LLP reduced its holdings in Dominion Energy Inc. (NYSE:D – Free Report) by 14.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,867,860 shares of the utilities provider’s stock after selling 6,727,150 shares during the quarter. Wellington Management Group LLP owned about 4.65% of Dominion Energy worth $2,790,866,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of D. Motiv8 Investments LLC purchased a new position in Dominion Energy in the fourth quarter worth $25,000. Triumph Capital Management purchased a new stake in shares of Dominion Energy during the 3rd quarter worth $28,000. Frazier Financial Advisors LLC purchased a new stake in shares of Dominion Energy during the 2nd quarter worth $31,000. Beacon Financial Strategies CORP grew its stake in shares of Dominion Energy by 269.2% during the 2nd quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 350 shares during the period. Finally, Blueline Advisors LLC acquired a new position in shares of Dominion Energy during the 4th quarter worth $28,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Morgan Stanley reduced their price objective on shares of Dominion Energy from $71.00 to $68.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Mizuho upped their target price on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dominion Energy in a report on Wednesday, August 19th. Wells Fargo & Company lifted their price target on shares of Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Finally, Seaport Research Partners lowered Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $69.93.
Dominion Energy Price Performance
Shares of NYSE:D opened at $65.50 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. The business’s fifty day moving average price is $69.03 and its two-hundred day moving average price is $65.78. The stock has a market cap of $57.61 billion, a PE ratio of 22.82 and a beta of 0.65. Dominion Energy Inc. has a one year low of $55.85 and a one year high of $72.99.
Dominion Energy (NYSE:D – Get Free Report) last released its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.04 billion. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, analysts forecast that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.
Dominion Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 annualized dividend and a yield of 4.1%. Dominion Energy’s payout ratio 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.
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