Mitsubishi UFJ Asset Management Co. Ltd. Takes $145.60 Million Position in Dominion Energy Inc. $D

Key Points

• Mitsubishi UFJ Asset Management purchased 2.13 million Dominion Energy shares worth approximately $145.6 million, acquiring a 0.24% stake. Institutional investors collectively own 73.04% of the utility company.
• Dominion Energy exceeded quarterly expectations, reporting $0.79 in earnings per share versus 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, or $2.67 annually, yielding about 3.9%. Analysts maintain a generally neutral outlook, with an average “Hold” rating and a $68 price target.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Dominion Energy Inc. (NYSE:D - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,132,121 shares of the utilities provider's stock, valued at approximately $145,603,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.24% of Dominion Energy as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Motiv8 Investments LLC bought a new position in shares of Dominion Energy in the 4th quarter worth about $25,000. Triumph Capital Management purchased a new stake in Dominion Energy in the third quarter worth about $28,000. Beacon Financial Strategies CORP grew its holdings in Dominion Energy by 269.2% in the second quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider's stock worth $33,000 after purchasing an additional 350 shares during the period. Blueline Advisors LLC purchased a new position in shares of Dominion Energy during the fourth quarter valued at approximately $28,000. Finally, JPL Wealth Management LLC purchased a new position in shares of Dominion Energy during the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Performance

Shares of D opened at $68.64 on Wednesday. The company has a market cap of $60.37 billion, a price-to-earnings ratio of 23.92 and a beta of 0.65. The business's fifty day simple moving average is $69.20 and its two-hundred day simple moving average is $65.50. Dominion Energy Inc. has a 12 month low of $55.85 and a 12 month high of $72.99. 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 results on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.11. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The firm had revenue of $4.48 billion during the quarter, compared to analysts' expectations of $4.04 billion. During the same quarter in the previous year, the business earned $0.75 earnings per share. The company's revenue was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Research analysts anticipate that Dominion Energy Inc. will post 3.57 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy's dividend payout ratio (DPR) is presently 93.03%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Royal Bank Of Canada raised their price objective on Dominion Energy from $66.00 to $72.00 and gave the company a "sector perform" rating in a research report on Tuesday, May 19th. Barclays cut their target price on Dominion Energy from $70.00 to $69.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 23rd. Seaport Research Partners downgraded Dominion Energy from a "buy" rating to a "hold" rating in a report on Wednesday, May 20th. Mizuho lifted 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. Finally, Truist Financial dropped their price target on shares of Dominion Energy from $68.00 to $66.00 and set a "hold" rating on the stock in a research note on Thursday, August 13th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $68.00.

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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