Nordea Investment Management AB Has $2.93 Million Position in Dominion Energy Inc. $D

Nordea Investment Management AB cut its position in shares of Dominion Energy Inc. (NYSE:D) by 38.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,747 shares of the utilities provider’s stock after selling 31,029 shares during the period. Nordea Investment Management AB’s holdings in Dominion Energy were worth $2,927,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of D. AustralianSuper Pty Ltd boosted its stake in shares of Dominion Energy by 1,785.9% during the 3rd quarter. AustralianSuper Pty Ltd now owns 519,100 shares of the utilities provider’s stock worth $31,753,000 after acquiring an additional 491,574 shares during the period. Kera Capital Partners Inc. bought a new stake in Dominion Energy in the 3rd quarter valued at $3,574,000. Vanguard Group Inc. lifted its holdings in Dominion Energy by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 106,158,920 shares of the utilities provider’s stock valued at $6,493,741,000 after purchasing an additional 363,610 shares during the last quarter. Virtus Advisers LLC acquired a new stake in Dominion Energy during the 2nd quarter valued at $240,000. Finally, ANTIPODES PARTNERS Ltd boosted its position in Dominion Energy by 84,502.3% during the third quarter. ANTIPODES PARTNERS Ltd now owns 1,735,194 shares of the utilities provider’s stock worth $106,150,000 after purchasing an additional 1,733,143 shares during the period. 73.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on D shares. Wells Fargo & Company decreased their price objective on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Mizuho lifted their target price on shares of Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. decreased 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. Barclays lowered their price target on shares of Dominion Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Finally, Scotiabank boosted their price objective on Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average price target of $65.20.

Dominion Energy Stock Down 0.0%

D opened at $60.89 on Friday. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $67.57. 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 company has a market capitalization of $53.52 billion, a P/E ratio of 17.70, a P/E/G ratio of 1.65 and a beta of 0.71. The stock has a fifty day moving average of $62.46 and a 200-day moving average of $60.89.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Monday, February 23rd. The utilities provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. Dominion Energy had a net margin of 18.05% and a return on equity of 9.67%. The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the company posted $0.58 earnings per share. Dominion Energy’s revenue 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. On average, equities analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, February 27th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Friday, February 27th. Dominion Energy’s dividend 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.