Dominion Energy Inc. $D Position Boosted by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Dominion Energy Inc. (NYSE:D) by 58.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,634 shares of the utilities provider’s stock after purchasing an additional 19,849 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Dominion Energy were worth $3,316,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Capital Analysts LLC boosted its stake in shares of Dominion Energy by 2.4% during the 4th quarter. Capital Analysts LLC now owns 6,651 shares of the utilities provider’s stock valued at $390,000 after buying an additional 157 shares during the period. Navalign LLC raised its holdings in shares of Dominion Energy by 1.2% during the first quarter. Navalign LLC now owns 14,229 shares of the utilities provider’s stock worth $880,000 after acquiring an additional 162 shares in the last quarter. Conning Inc. boosted its position in Dominion Energy by 0.5% during the fourth quarter. Conning Inc. now owns 33,217 shares of the utilities provider’s stock valued at $1,946,000 after purchasing an additional 176 shares during the last quarter. Castle Rock Wealth Management LLC boosted its position in Dominion Energy by 2.6% during the fourth quarter. Castle Rock Wealth Management LLC now owns 6,885 shares of the utilities provider’s stock valued at $422,000 after purchasing an additional 177 shares during the last quarter. Finally, Redwood Investment Management LLC grew its stake in Dominion Energy by 0.6% in the second quarter. Redwood Investment Management LLC now owns 31,778 shares of the utilities provider’s stock valued at $1,796,000 after purchasing an additional 183 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

NYSE D opened at $69.70 on Friday. Dominion Energy Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $72.99. The stock’s 50-day moving average is $68.77 and its two-hundred day moving average is $64.77. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.78 and a quick ratio of 0.61. The firm has a market cap of $61.30 billion, a P/E ratio of 20.62 and a beta of 0.65.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. The company had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.43 billion. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The firm’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 EPS. On average, analysts anticipate that Dominion Energy Inc. will post 3.57 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, September 4th. Dominion Energy’s payout ratio is 78.99%.

Key Dominion Energy News

Here are the key news stories impacting Dominion Energy this week:

• Positive Sentiment: Dominion plans to build a new gas-fired power plant at Mt. Storm, West Virginia. The project could strengthen generation capacity and support electricity demand from Virginia customers and the broader PJM grid. Dominion Energy to build new gas fired power plant at Mt. Storm
• Positive Sentiment: Growing power requirements from artificial-intelligence data centers are increasing the strategic value of utilities with generation assets in Virginia. NextEra Energy’s pending roughly $67 billion acquisition of Dominion highlights the potential value of Dominion’s position in Northern Virginia’s “Data Center Alley.” Powering Up: NextEra and Brookfield Build an Off-Grid Empire
• Positive Sentiment: Dominion declared a quarterly dividend of $0.6675 per share, payable September 20 to shareholders of record September 4. The indicated annual yield is approximately 3.8%, supporting the stock’s income appeal. Dominion Energy dividend announcement
• Neutral Sentiment: The aging U.S. power grid and accelerating electricity demand are driving investor interest in utilities and power infrastructure. This is a favorable industry backdrop, although the article is not a Dominion-specific announcement. Why an Aging Power Grid Is Fueling a New ETF Bet
• Neutral Sentiment: Dominion’s annual Christmas Parade will use a new route beginning at Children’s Hospital of Richmond, a community-relations item with little direct earnings impact. Dominion Energy Christmas Parade to begin at Children’s Hospital of Richmond
• Negative Sentiment: The Dominion–NextEra merger review is drawing additional scrutiny, which could increase regulatory uncertainty, delay closing or raise execution risks for investors. Dominion merger review draws new scrutiny
• Negative Sentiment: Some customers are reporting unusually high summer electricity bills, potentially creating political pressure, customer dissatisfaction and regulatory attention. Some Dominion Energy customers report unusually high summer power bills
• Negative Sentiment: Residents are challenging Dominion’s Fairfax County data-center proposal, adding another local approval risk to the company’s efforts to serve rapidly expanding data-center demand. Residents grill Dominion Energy over Fairfax County data center proposal

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on D. Mizuho raised their price target on Dominion Energy from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Weiss Ratings raised Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Wells Fargo & Company increased their price objective on Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Royal Bank Of Canada raised their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Finally, Seaport Research Partners cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $68.00.

Dominion Energy Company 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.