Ausbil Investment Management Ltd Purchases New Stake in Dominion Energy Inc. $D

Key Points

• Ausbil Investment Management acquired 67,899 Dominion Energy shares worth approximately $4.6 million, making the utility its 18th-largest holding at 2% of the portfolio. Institutional investors and hedge funds collectively own 73.04% of the stock.
• Analyst sentiment remains mixed, with four Buy, ten Hold, and one Sell rating. Dominion Energy has a consensus rating of Hold and an average price target of $68.
• Dominion Energy beat quarterly expectations with earnings of $0.79 per share versus $0.68 forecast and revenue of $4.48 billion. The company also declared a quarterly dividend of $0.6675, equivalent to a 4.0% annual yield.

Ausbil Investment Management Ltd acquired a new stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 67,899 shares of the utilities provider's stock, valued at approximately $4,603,000. Dominion Energy comprises about 2.0% of Ausbil Investment Management Ltd's portfolio, making the stock its 18th biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in shares of Dominion Energy by 46.2% during the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider's stock valued at $2,633,253,000 after acquiring an additional 14,197,581 shares in the last quarter. Norges Bank bought a new position in shares of Dominion Energy in the 4th quarter worth about $655,142,000. Capital Research Global Investors boosted its holdings in shares of Dominion Energy by 9.0% in the 4th quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider's stock valued at $3,503,142,000 after buying an additional 4,940,692 shares during the period. London Co. of Virginia boosted its holdings in shares of Dominion Energy by 45.3% in the 1st quarter. London Co. of Virginia now owns 6,943,525 shares of the utilities provider's stock valued at $429,250,000 after buying an additional 2,165,195 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Dominion Energy by 15.7% during the 1st quarter. Bank of America Corp DE now owns 15,930,241 shares of the utilities provider's stock valued at $984,808,000 after buying an additional 2,164,951 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on D. Barclays dropped their price objective on shares of Dominion Energy from $70.00 to $69.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 23rd. Jefferies Financial Group raised Dominion Energy from a "hold" rating to a "buy" rating and upped their target price for the company from $65.00 to $76.00 in a report on Thursday, May 28th. Mizuho increased their price target on Dominion Energy from $66.00 to $72.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 26th. Seaport Research Partners downgraded Dominion Energy from a "buy" rating to a "hold" rating in a report on Wednesday, May 20th. Finally, BMO Capital Markets boosted their price objective on Dominion Energy from $64.00 to $70.00 and gave the company a "market perform" rating in a research report on Wednesday, July 22nd. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Dominion Energy currently has a consensus rating of "Hold" and a consensus target price of $68.00.

Dominion Energy Stock Down 0.4%

D stock opened at $67.14 on Tuesday. Dominion Energy Inc. has a 52 week low of $55.85 and a 52 week high of $72.99. The company has a market capitalization of $59.05 billion, a price-to-earnings ratio of 23.39 and a beta of 0.65. The firm's 50-day moving average is $68.93 and its two-hundred day moving average is $65.16. 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 (NYSE:D - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.11. The business had revenue of $4.48 billion during the quarter, compared to analysts' expectations of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The business's revenue was up 17.6% on a year-over-year basis. During the same period last year, the firm posted $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, analysts forecast that Dominion Energy Inc. will post 3.57 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy's payout ratio is currently 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.

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