143,816 Shares in Dominion Energy Inc. $D Acquired by Rakuten Investment Management Inc.

Key Points

• Rakuten Investment Management acquired 143,816 Dominion Energy shares during the second quarter, valued at approximately $9.95 million. Institutional investors collectively own 73.04% of the utility’s stock.
• Analyst sentiment remains mixed: TD Cowen upgraded Dominion to “buy” with an $80 target, while the broader analyst consensus is “hold” with an average price target of $69.93.
• Dominion reported quarterly EPS of $0.79, exceeding the $0.68 consensus estimate, while revenue rose 17.6% year over year to $4.48 billion. The company declared a quarterly dividend of $0.6675 per share, representing a 4.1% annualized yield.

Rakuten Investment Management Inc. purchased a new stake in Dominion Energy Inc. (NYSE:D - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 143,816 shares of the utilities provider's stock, valued at approximately $9,949,000.

Several other institutional investors and hedge funds also recently made changes to their positions in D. Motiv8 Investments LLC acquired a new stake in shares of Dominion Energy during the fourth quarter worth $25,000. Blueline Advisors LLC acquired a new position in Dominion Energy in the 4th quarter worth $28,000. Triumph Capital Management acquired a new position in Dominion Energy in the 3rd quarter worth $28,000. Costello Asset Management INC increased its holdings in Dominion Energy by 66.7% during the 4th quarter. Costello Asset Management INC now owns 500 shares of the utilities provider's stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Finally, Advocate Investing Services LLC acquired a new stake in shares of Dominion Energy in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on D. TD Cowen upgraded Dominion Energy from a "hold" rating to a "buy" rating and boosted their price target for the company from $69.00 to $80.00 in a report on Wednesday, August 19th. Wells Fargo & Company boosted their target price on Dominion Energy from $66.00 to $68.00 and gave the company an "overweight" rating in a research note on Friday, May 15th. BMO Capital Markets upped their price target on Dominion Energy from $64.00 to $70.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 22nd. Barclays decreased their price target on shares of Dominion Energy from $70.00 to $69.00 and set an "overweight" rating for the company in a research note on Tuesday, June 23rd. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Dominion Energy in a research report on Wednesday, August 19th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $69.93.

Dominion Energy Stock Performance

NYSE D opened at $65.50 on Friday. The firm has a market capitalization of $57.61 billion, a P/E ratio of 22.82 and a beta of 0.65. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43. The firm's fifty day moving average price is $69.03 and its two-hundred day moving average price is $65.78. Dominion Energy Inc. has a 1 year low of $55.85 and a 1 year high of $72.99.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.11. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The company's quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, research analysts anticipate that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Announces Dividend

The firm 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 dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy's payout ratio is 93.03%.

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.

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