Huntington National Bank Decreases Stock Holdings in Dominion Energy Inc. $D

Huntington National Bank lessened its stake in shares of Dominion Energy Inc. (NYSE:D) by 13.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,834 shares of the utilities provider’s stock after selling 12,530 shares during the quarter. Huntington National Bank’s holdings in Dominion Energy were worth $5,067,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in D. Vanguard Group Inc. boosted its holdings in Dominion Energy by 0.3% in the third quarter. Vanguard Group Inc. now owns 106,158,920 shares of the utilities provider’s stock worth $6,493,741,000 after purchasing an additional 363,610 shares during the last quarter. State Street Corp raised its stake in Dominion Energy by 2.9% during the 2nd quarter. State Street Corp now owns 46,341,408 shares of the utilities provider’s stock valued at $2,619,216,000 after buying an additional 1,313,621 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Dominion Energy by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 19,725,397 shares of the utilities provider’s stock valued at $1,112,697,000 after buying an additional 575,350 shares during the period. Norges Bank purchased a new position in shares of Dominion Energy in the 2nd quarter worth $566,924,000. Finally, Legal & General Group Plc grew its holdings in shares of Dominion Energy by 5.4% in the second quarter. Legal & General Group Plc now owns 7,669,476 shares of the utilities provider’s stock worth $433,479,000 after acquiring an additional 394,158 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Mizuho increased their target price on Dominion Energy from $62.00 to $66.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. TD Cowen assumed coverage on shares of Dominion Energy in a research report on Friday, January 9th. They set a “hold” rating and a $65.00 price target for the company. Barclays lowered their price objective on shares of Dominion Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. BMO Capital Markets dropped their price objective on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a report on Thursday, December 11th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $64.50.

Dominion Energy Price Performance

NYSE D opened at $63.00 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.65 and a debt-to-equity ratio of 1.36. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $67.57. The stock has a market cap of $55.37 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.71 and a beta of 0.71. The company’s 50 day moving average is $61.17 and its two-hundred day moving average is $60.64.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Monday, February 23rd. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. Dominion Energy had a net margin of 18.05% and a return on equity of 9.67%. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the prior year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, research analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 27th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, February 27th. Dominion Energy’s payout ratio is presently 77.62%.

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.