Dominion Energy Inc. (D) to Issue Quarterly Dividend of $0.67 on June 20th

Dominion Energy Inc. (NYSE:D) declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Friday, May 29th will be paid a dividend of 0.6675 per share by the utilities provider on Saturday, June 20th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, May 29th.

Dominion Energy has decreased its dividend by an average of 0.0%per year over the last three years. Dominion Energy has a dividend payout ratio of 74.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Dominion Energy to earn $3.82 per share next year, which means the company should continue to be able to cover its $2.67 annual dividend with an expected future payout ratio of 69.9%.

Dominion Energy Stock Down 2.1%

Shares of Dominion Energy stock opened at $61.68 on Thursday. The firm has a fifty day moving average of $62.45 and a two-hundred day moving average of $61.28. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.59 and a current ratio of 0.78. The company has a market cap of $54.25 billion, a P/E ratio of 18.25, a PEG ratio of 3.31 and a beta of 0.65. Dominion Energy has a one year low of $52.53 and a one year high of $67.57.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.43 billion. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The business’s revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, analysts forecast that Dominion Energy will post 3.59 earnings per share for the current year.

Institutional Trading of Dominion Energy

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Dominion Energy by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 107,099,758 shares of the utilities provider’s stock valued at $6,274,975,000 after purchasing an additional 940,838 shares during the period. Capital Research Global Investors raised its stake in shares of Dominion Energy by 9.0% during the fourth quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider’s stock valued at $3,503,142,000 after purchasing an additional 4,940,692 shares during the period. State Street Corp raised its stake 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 valued at $2,848,662,000 after purchasing an additional 1,686,050 shares during the period. Wellington Management Group LLP raised its stake 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 valued at $2,633,253,000 after purchasing an additional 14,197,581 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Dominion Energy by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 20,442,935 shares of the utilities provider’s stock valued at $1,196,056,000 after purchasing an additional 314,932 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

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.