Korea Investment CORP Acquires 99,733 Shares of Dominion Energy Inc. $D

Korea Investment CORP increased its holdings in Dominion Energy Inc. (NYSE:D) by 22.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 542,768 shares of the utilities provider’s stock after purchasing an additional 99,733 shares during the period. Korea Investment CORP’s holdings in Dominion Energy were worth $33,201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CoreFirst Bank & Trust acquired a new position in shares of Dominion Energy in the 2nd quarter worth approximately $25,000. United Community Bank acquired a new stake in Dominion Energy in the 3rd quarter valued at $29,000. Hanson & Doremus Investment Management bought a new stake in Dominion Energy in the third quarter valued at $31,000. Twin Peaks Wealth Advisors LLC bought a new stake in Dominion Energy in the second quarter valued at $32,000. Finally, Capital A Wealth Management LLC raised its stake in Dominion Energy by 5,038.5% during the second quarter. Capital A Wealth Management LLC now owns 668 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 655 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Dominion Energy stock opened at $62.92 on Tuesday. The business’s fifty day moving average is $61.71 and its two-hundred day moving average is $60.71. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 0.77. The firm has a market cap of $55.29 billion, a P/E ratio of 18.29, a P/E/G ratio of 1.71 and a beta of 0.71. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $67.57.

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

Dominion Energy Dividend Announcement

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

Wall Street Analyst Weigh In

D has been the subject of a number of analyst reports. Weiss Ratings raised Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Mizuho increased their target price on shares of Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. TD Cowen assumed coverage on shares of Dominion Energy in a report on Friday, January 9th. They set a “hold” rating and a $65.00 price target for the company. Wells Fargo & Company reduced their price target on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Finally, Scotiabank upped their price objective on shares of Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a research note on Monday, March 2nd. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $64.73.

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.