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

Dominion Energy Inc. (NYSE:D) declared a quarterly dividend on Friday, January 23rd. Shareholders of record on Friday, February 27th will be given a dividend of 0.6675 per share by the utilities provider on Friday, March 20th. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, February 27th.

Dominion Energy has decreased its dividend payment by an average of 0.1%annually 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 $3.60 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 74.2%.

Dominion Energy Trading Down 0.7%

Shares of D stock traded down $0.45 on Wednesday, reaching $63.29. 1,842,423 shares of the stock were exchanged, compared to its average volume of 6,029,498. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.84 and a quick ratio of 0.65. Dominion Energy has a one year low of $48.07 and a one year high of $67.57. The stock has a 50 day moving average price of $60.96 and a 200 day moving average price of $60.60. The stock has a market cap of $54.05 billion, a PE ratio of 18.40, a P/E/G ratio of 1.74 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The firm 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 9.86% and a net margin of 18.05%.The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.58 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities research analysts forecast that Dominion Energy will post 3.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Dominion Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Dominion Energy by 16.2% during the 2nd quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock worth $5,979,551,000 after acquiring an additional 14,715,895 shares in the last quarter. Wellington Management Group LLP lifted its stake in 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 purchasing an additional 14,197,581 shares during the period. Norges Bank bought a new stake in shares of Dominion Energy in the 4th quarter valued at approximately $655,142,000. Capital Research Global Investors lifted its position in shares of Dominion Energy by 22.4% during the 3rd quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock worth $3,355,175,000 after buying an additional 10,049,691 shares during the period. Finally, Mizuho Markets Americas LLC boosted its stake in Dominion Energy by 139.3% in the 3rd quarter. Mizuho Markets Americas LLC now owns 867,500 shares of the utilities provider’s stock valued at $53,065,000 after buying an additional 3,073,835 shares in the last quarter. Institutional investors and hedge funds 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.