Legal & General Group Plc Purchases 43,502 Shares of Dominion Energy Inc. $D

Key Points

• Legal & General Group Plc raised its stake in Dominion Energy by 43,502 shares in Q3 to 7,712,978 shares (about a 0.90% holding) valued at roughly $471.8 million.
• Dominion beat Q results with $0.68 EPS vs. $0.67 expected and $4.09B revenue (up 20.4% YoY), set FY2026 guidance of $3.450–$3.690 EPS, and declared a quarterly dividend of $0.6675 (annual $2.67; ~4.3% yield).
• Analysts hold a consensus rating of “Hold” with an average target of $64.73 after recent price-target cuts and mixed ratings; the stock trades near $62.71 with a market cap around $55.1 billion and a P/E of ~18.2.

Legal & General Group Plc raised its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,712,978 shares of the utilities provider's stock after purchasing an additional 43,502 shares during the quarter. Legal & General Group Plc owned 0.90% of Dominion Energy worth $471,803,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of D. CoreFirst Bank & Trust purchased a new stake in Dominion Energy during the second quarter valued at $25,000. United Community Bank bought a new position in shares of Dominion Energy during the third quarter valued at approximately $29,000. Hanson & Doremus Investment Management purchased a new position in Dominion Energy in the third quarter valued at about $31,000. Twin Peaks Wealth Advisors LLC purchased a new position in Dominion Energy in the second quarter worth $32,000. Finally, Capital A Wealth Management LLC increased its holdings in shares of Dominion Energy by 5,038.5% during the second quarter. Capital A Wealth Management LLC now owns 668 shares of the utilities provider's stock valued at $38,000 after acquiring an additional 655 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on D shares. TD Cowen assumed coverage on Dominion Energy in a report on Friday, January 9th. They issued a "hold" rating and a $65.00 price objective for the company. JPMorgan Chase & Co. dropped their price target on Dominion Energy from $62.00 to $59.00 and set an "underweight" rating for the company in a research report on Thursday, December 11th. Wells Fargo & Company decreased their target price 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. Weiss Ratings raised shares of Dominion Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, February 9th. Finally, Barclays reduced their target price on Dominion Energy from $64.00 to $63.00 and set an "overweight" rating on the stock in a research report on Thursday, January 22nd. Three equities 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 data from MarketBeat, Dominion Energy currently has a consensus rating of "Hold" and an average target price of $64.73.

Dominion Energy Stock Down 0.3%

Dominion Energy stock opened at $62.71 on Wednesday. The stock has a market capitalization of $55.11 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 1.71 and a beta of 0.71. The stock has a 50 day moving average of $61.78 and a two-hundred day moving average of $60.72. The company has a current ratio of 0.77, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $67.57.

Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Monday, February 23rd. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.01. Dominion Energy had a net margin of 18.05% and a return on equity of 9.67%. The company had revenue of $4.09 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same period last year, the company posted $0.58 earnings per share. The firm's quarterly 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. As a group, research analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 27th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.67 dividend on an annualized basis and a yield of 4.3%. Dominion Energy's dividend payout ratio is currently 77.62%.

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.

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