Dominion Energy Inc. $D Shares Acquired by Capital Research Global Investors

Capital Research Global Investors boosted its position in shares of Dominion Energy Inc. (NYSE:D) by 22.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 54,850,042 shares of the utilities provider’s stock after acquiring an additional 10,049,691 shares during the period. Capital Research Global Investors owned approximately 0.06% of Dominion Energy worth $3,355,175,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Barnes Wealth Management Group Inc grew its position in shares of Dominion Energy by 4.4% during the 2nd quarter. Barnes Wealth Management Group Inc now owns 3,970 shares of the utilities provider’s stock valued at $224,000 after acquiring an additional 169 shares during the period. Sovereign Financial Group Inc. grew its holdings in Dominion Energy by 1.2% in the third quarter. Sovereign Financial Group Inc. now owns 14,138 shares of the utilities provider’s stock valued at $865,000 after purchasing an additional 169 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Dominion Energy by 0.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 39,145 shares of the utilities provider’s stock valued at $2,394,000 after buying an additional 169 shares in the last quarter. Howard Capital Management Inc. raised its stake in shares of Dominion Energy by 3.3% during the 3rd quarter. Howard Capital Management Inc. now owns 5,659 shares of the utilities provider’s stock worth $346,000 after buying an additional 180 shares during the period. Finally, Robinson Value Management Ltd. lifted its position in shares of Dominion Energy by 0.3% during the 3rd quarter. Robinson Value Management Ltd. now owns 70,438 shares of the utilities provider’s stock valued at $4,309,000 after buying an additional 183 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.5%

D stock opened at $62.92 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The firm has a 50-day moving average of $61.71 and a two-hundred day moving average of $60.71. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $67.57. The company has a market cap of $55.29 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.71 and a beta of 0.71.

Dominion Energy (NYSE:D) last issued its earnings results on Monday, February 23rd. The utilities provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Dominion Energy had a return on equity of 9.67% and a net margin of 18.05%.The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.2%. Dominion Energy’s dividend payout ratio (DPR) is 77.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on D shares. JPMorgan Chase & Co. dropped their price target on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research note on Thursday, December 11th. Wells Fargo & Company dropped their target price 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. Barclays cut their target price on shares of Dominion Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. TD Cowen initiated coverage on shares of Dominion Energy in a research note on Friday, January 9th. They issued a “hold” rating and a $65.00 price target on the stock. Finally, Mizuho lifted their price objective on Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, February 24th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Dominion Energy has an average rating of “Hold” and an average price target of $64.73.

About Dominion Energy

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.