Nissay Asset Management Corp Japan Increases Position in Dominion Energy Inc. $D

Nissay Asset Management Corp Japan increased its holdings in Dominion Energy Inc. (NYSE:D) by 7.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 117,488 shares of the utilities provider’s stock after acquiring an additional 7,656 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Dominion Energy were worth $8,023,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of D. BlackRock Inc. purchased a new stake in Dominion Energy during the 2nd quarter worth approximately $4,986,439,000. Capital Research Global Investors boosted its stake in shares of Dominion Energy by 9.0% during the 4th quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider’s stock valued at $3,503,142,000 after buying an additional 4,940,692 shares during the last quarter. State Street Corp grew its position in shares of Dominion Energy by 3.6% during the fourth quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock worth $2,848,662,000 after buying an additional 1,686,050 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Dominion Energy by 46.2% during the fourth quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock worth $2,633,253,000 after buying an additional 14,197,581 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Dominion Energy by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 20,442,935 shares of the utilities provider’s stock worth $1,196,056,000 after buying an additional 314,932 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on D shares. Barclays reduced their price objective on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 23rd. Mizuho boosted 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. Morgan Stanley cut their target price on shares of Dominion Energy from $71.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Wall Street Zen cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Royal Bank Of Canada lifted their price target on Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $69.93.

Dominion Energy Stock Performance

D stock opened at $65.50 on Monday. The stock’s 50 day simple moving average is $69.03 and its 200 day simple moving average is $65.80. Dominion Energy Inc. has a 12-month low of $55.85 and a 12-month high of $72.99. The firm has a market cap of $57.61 billion, a P/E ratio of 22.82 and a beta of 0.65. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The firm’s revenue was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, equities research analysts predict that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 annualized dividend and a dividend yield of 4.1%. Dominion Energy’s payout ratio is 93.03%.

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.