Man Group plc Acquires Shares of 180,000 Dominion Energy Inc. $D

Man Group plc bought a new stake in shares of Dominion Energy Inc. (NYSE:D) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 180,000 shares of the utilities provider’s stock, valued at approximately $12,292,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Dominion Energy in the second quarter worth about $4,986,439,000. Wellington Management Group LLP grew its stake in shares of Dominion Energy by 46.2% in the 4th 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 during the last quarter. Norges Bank bought a new position in Dominion Energy during the 4th quarter valued at approximately $655,142,000. Bank of New York Mellon Corp purchased a new stake in shares of Dominion Energy in the second quarter worth $697,388,000. Finally, Legal & General Group Plc bought a new position in Dominion Energy in the 2nd quarter worth about $467,353,000. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. Wall Street Zen cut Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Truist Financial decreased their price target on Dominion Energy from $68.00 to $66.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Royal Bank Of Canada increased their price objective on 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, Wells Fargo & Company upped their target price on shares of Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $69.93.

Dominion Energy Stock Performance

Shares of NYSE D opened at $66.48 on Friday. 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 Inc. has a 12-month low of $55.85 and a 12-month high of $72.99. The firm has a market capitalization of $58.47 billion, a price-to-earnings ratio of 23.16 and a beta of 0.65. The firm has a 50 day moving average of $69.09 and a 200 day moving average of $65.78.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating 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 firm posted $0.75 EPS. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, research analysts anticipate that Dominion Energy Inc. will post 3.57 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be given a $0.6675 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a yield of 4.0%. Dominion Energy’s dividend payout ratio is presently 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.