Norinchukin Bank The Grows Stock Position in Dominion Energy Inc. $D

Key Points

• Norinchukin Bank increased its stake in Dominion Energy by 16.2%, acquiring an additional 6,484 shares during the first quarter, bringing its total holdings to 46,461 shares worth approximately $2.6 million.
• Analysts have mixed ratings on Dominion Energy, with a consensus rating of "Hold" and an average target price of around $59.57, while Morgan Stanley lowered its target price to $60.00.
• Dominion Energy announced a quarterly dividend of $0.6675 per share, resulting in an annualized dividend yield of 4.3% and a dividend payout ratio of 92.07%.

Norinchukin Bank The raised its position in Dominion Energy Inc. (NYSE:D - Free Report) by 16.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 46,461 shares of the utilities provider's stock after purchasing an additional 6,484 shares during the period. Norinchukin Bank The's holdings in Dominion Energy were worth $2,605,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in D. Brighton Jones LLC raised its holdings in shares of Dominion Energy by 64.3% during the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock worth $489,000 after acquiring an additional 3,553 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Dominion Energy by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,190,137 shares of the utilities provider's stock worth $117,962,000 after acquiring an additional 45,144 shares during the period. OneDigital Investment Advisors LLC raised its holdings in shares of Dominion Energy by 9.0% during the 4th quarter. OneDigital Investment Advisors LLC now owns 23,460 shares of the utilities provider's stock worth $1,264,000 after acquiring an additional 1,932 shares during the period. Kovitz Investment Group Partners LLC raised its holdings in Dominion Energy by 5.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 17,920 shares of the utilities provider's stock valued at $965,000 after buying an additional 967 shares during the period. Finally, Capital Analysts LLC raised its holdings in Dominion Energy by 18.6% in the 4th quarter. Capital Analysts LLC now owns 6,397 shares of the utilities provider's stock valued at $345,000 after buying an additional 1,004 shares during the period. Hedge funds and other institutional investors own 73.04% of the company's stock.

Wall Street Analyst Weigh In

D has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a report on Thursday, August 21st. Morgan Stanley reduced their price objective on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Dominion Energy currently has a consensus rating of "Hold" and an average target price of $59.57.

Dominion Energy Stock Up 0.9%

D stock traded up $0.52 during trading on Wednesday, hitting $60.34. 3,522,124 shares of the company's stock were exchanged, compared to its average volume of 5,297,926. The business has a 50-day moving average price of $58.51 and a two-hundred day moving average price of $56.14. The stock has a market capitalization of $51.49 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.31 and a beta of 0.57. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.46. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $3.73 billion. During the same quarter in the prior year, the firm posted $0.65 EPS. Dominion Energy's quarterly revenue was up 9.3% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, equities research analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy's dividend payout ratio is currently 92.07%.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.