Principal Financial Group Inc. Purchases 38,246 Shares of Dominion Energy Inc. $D

Principal Financial Group Inc. lifted its holdings in shares of Dominion Energy Inc. (NYSE:D) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,042,574 shares of the utilities provider’s stock after acquiring an additional 38,246 shares during the quarter. Principal Financial Group Inc.’s holdings in Dominion Energy were worth $61,084,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of D. Vanguard Group Inc. raised its stake in shares of Dominion Energy by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 107,099,758 shares of the utilities provider’s stock worth $6,274,975,000 after purchasing an additional 940,838 shares during the period. Capital Research Global Investors grew its position in Dominion Energy by 22.4% during the third quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock valued at $3,355,175,000 after buying an additional 10,049,691 shares during the period. State Street Corp increased its holdings in Dominion Energy by 1.3% during the third quarter. State Street Corp now owns 46,934,223 shares of the utilities provider’s stock worth $2,870,966,000 after buying an additional 592,815 shares during the last quarter. Wellington Management Group LLP raised its position in Dominion Energy by 4.4% in the third quarter. Wellington Management Group LLP now owns 30,746,146 shares of the utilities provider’s stock worth $1,880,742,000 after acquiring an additional 1,298,881 shares during the period. Finally, Bank of America Corp DE raised its position in Dominion Energy by 3.0% in the third quarter. Bank of America Corp DE now owns 14,678,283 shares of the utilities provider’s stock worth $897,871,000 after acquiring an additional 422,971 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Bank of America lifted their price target on shares of Dominion Energy from $63.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Barclays raised their target price on Dominion Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday. Weiss Ratings upgraded Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Wells Fargo & Company cut their price target on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Finally, Truist Financial assumed coverage on Dominion Energy in a research note on Tuesday, April 21st. They set a “hold” rating and a $67.00 price target for the company. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $66.00.

Dominion Energy Price Performance

D stock opened at $61.61 on Friday. The firm has a 50 day moving average of $62.41 and a 200-day moving average of $61.29. The firm has a market capitalization of $54.18 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 3.24 and a beta of 0.65. Dominion Energy Inc. has a 12 month low of $52.53 and a 12 month high of $67.57. The company has a current ratio of 0.78, a quick ratio of 0.59 and a debt-to-equity ratio of 1.38.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same period in the prior year, the company earned $0.93 EPS. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, sell-side analysts predict that Dominion Energy Inc. will post 3.59 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 20th. Shareholders of record on Friday, May 29th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.3%. Dominion Energy’s payout ratio is currently 78.99%.

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.