Westpac Banking Corp Trims Holdings in Dominion Energy Inc. $D

Westpac Banking Corp lowered its stake in shares of Dominion Energy Inc. (NYSE:D) by 32.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,283 shares of the utilities provider’s stock after selling 10,151 shares during the period. Westpac Banking Corp’s holdings in Dominion Energy were worth $1,302,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. CoreFirst Bank & Trust acquired a new position in shares of Dominion Energy during the 2nd quarter valued at about $25,000. Westside Investment Management Inc. grew its stake in shares of Dominion Energy by 123.3% in the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after buying an additional 259 shares during the period. United Community Bank acquired a new stake in shares of Dominion Energy during the 3rd quarter worth approximately $29,000. Hanson & Doremus Investment Management purchased a new stake in shares of Dominion Energy during the 3rd quarter valued at approximately $31,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Dominion Energy in the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of D opened at $63.34 on Friday. The company has a market capitalization of $55.66 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.72 and a beta of 0.71. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $67.57. The company has a quick ratio of 0.65, a current ratio of 0.77 and a debt-to-equity ratio of 1.36. The stock has a 50 day moving average price of $61.10 and a 200 day moving average price of $60.64.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Monday, February 23rd. The utilities provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. Dominion Energy had a net margin of 18.05% and a return on equity of 9.67%. The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the previous year, the firm earned $0.58 EPS. The company’s revenue was up 20.4% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Research analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, February 27th. Dominion Energy’s dividend payout ratio is currently 77.62%.

Wall Street Analyst Weigh In

D has been the topic of several recent analyst reports. TD Cowen initiated coverage on Dominion Energy in a research note on Friday, January 9th. They issued a “hold” rating and a $65.00 price target on the stock. Barclays cut their price objective on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Wells Fargo & Company cut their price target on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. JPMorgan Chase & Co. lowered their price objective on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a research note on Thursday, December 11th. Finally, Mizuho increased their target price on shares of Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and a consensus price target of $64.50.

Dominion Energy 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.