Legal & General Group Plc acquired a new stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,843,654 shares of the utilities provider's stock, valued at approximately $467,353,000. Legal & General Group Plc owned about 0.78% of Dominion Energy as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in D. BlackRock Inc. bought a new stake in shares of Dominion Energy in the 2nd quarter worth approximately $4,986,439,000. Wellington Management Group LLP increased its position in shares of Dominion Energy by 46.2% during the fourth quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider's stock valued at $2,633,253,000 after purchasing an additional 14,197,581 shares during the period. Norges Bank bought a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $655,142,000. Bank of New York Mellon Corp acquired a new position in shares of Dominion Energy in the second quarter valued at $697,388,000. Finally, Capital Research Global Investors lifted its position in Dominion Energy by 9.0% in the fourth quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider's stock worth $3,503,142,000 after purchasing an additional 4,940,692 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on D. Weiss Ratings reiterated a "buy (b)" rating on shares of Dominion Energy in a research note on Wednesday, August 19th. UBS Group set a $80.00 price objective on shares of Dominion Energy in a research note on Wednesday, August 19th. Wells Fargo & Company raised their price objective on shares of Dominion Energy from $66.00 to $68.00 and gave the stock an "overweight" rating in a report on Friday, May 15th. Barclays decreased their target price on shares of Dominion Energy from $70.00 to $69.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 23rd. Finally, Morgan Stanley lowered their target price on shares of Dominion Energy from $71.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Friday, August 21st. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and a consensus price target of $69.93.
View Our Latest Stock Analysis on D
Dominion Energy Trading Up 0.5%
Shares of Dominion Energy stock opened at $66.94 on Wednesday. Dominion Energy Inc. has a 12-month low of $55.85 and a 12-month high of $72.99. The stock has a market capitalization of $58.87 billion, a P/E ratio of 23.32 and a beta of 0.65. The company has a 50-day simple moving average of $69.16 and a 200 day simple moving average of $65.72. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.43.
Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The company's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Research analysts expect that Dominion Energy Inc. will post 3.57 earnings per share for the current fiscal year.
Dominion Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy's payout ratio is presently 93.03%.
About Dominion Energy
(
Free Report)
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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