Man Group plc Buys Shares of 180,000 Dominion Energy Inc. $D

Key Points

• Man Group bought 180,000 Dominion Energy shares worth approximately $12.3 million during the second quarter. Institutional investors collectively own 73.04% of the utility’s stock.
• Dominion Energy 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 reaffirmed fiscal 2026 EPS guidance of $3.45–$3.69.
• Dominion declared a quarterly dividend of $0.6675, equivalent to an annualized $2.67 payout and a 4.0% yield. Analysts’ average rating is “Hold,” with an average price target of $69.93.

Man Group plc purchased a new position in Dominion Energy Inc. (NYSE:D - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 180,000 shares of the utilities provider's stock, valued at approximately $12,292,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in Dominion Energy by 64.3% during the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock worth $489,000 after purchasing an additional 3,553 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Dominion Energy by 8.3% during the 1st quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider's stock valued at $985,000 after buying an additional 1,344 shares in the last quarter. Woodline Partners LP lifted its position in Dominion Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider's stock worth $3,979,000 after buying an additional 20,522 shares during the last quarter. Intech Investment Management LLC boosted its stake in Dominion Energy by 71.2% in the first quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider's stock worth $1,708,000 after buying an additional 12,663 shares in the last quarter. Finally, Schnieders Capital Management LLC. grew its position in Dominion Energy by 9.5% during the second quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider's stock valued at $7,041,000 after acquiring an additional 10,775 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Trading Down 0.6%

D opened at $66.48 on Friday. Dominion Energy Inc. has a one year low of $55.85 and a one year high of $72.99. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. The business has a 50 day simple moving average of $69.09 and a two-hundred day simple moving average of $65.78. The firm has a market capitalization of $58.47 billion, a price-to-earnings ratio of 23.16 and a beta of 0.65.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results 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 firm had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.04 billion. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The business's revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Analysts predict that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Investors 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 yield of 4.0%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy's dividend payout ratio is presently 93.03%.

Analyst Ratings Changes

D has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Dominion Energy in a research note on Wednesday, August 19th. Jefferies Financial Group upgraded shares of Dominion Energy from a "hold" rating to a "buy" rating and upped their price target for the company from $65.00 to $76.00 in a research report on Thursday, May 28th. Wells Fargo & Company lifted their price objective on Dominion Energy from $66.00 to $68.00 and gave the stock an "overweight" rating in a report on Friday, May 15th. Barclays reduced their price target on 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 price objective on Dominion Energy from $71.00 to $68.00 and set an "equal weight" rating for the company in a research report on Friday, August 21st. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of "Hold" and an average price target of $69.93.

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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