Nykredit A S Invests $6.74 Million in Dominion Energy Inc. $D

Key Points

• Nykredit A S purchased 98,676 Dominion Energy shares during the second quarter, valued at approximately $6.74 million. Institutional investors collectively own 73.04% of the company.
• Dominion Energy exceeded quarterly expectations, reporting $0.79 in earnings per share versus the $0.68 consensus estimate and $4.48 billion in revenue, up 17.6% year over year.
• The company pays a quarterly dividend of $0.6675, equivalent to an annualized $2.67 and a 4.2% yield. Analysts hold a consensus “Hold” rating with an average price target of $69.79.

Nykredit A S purchased a new position in Dominion Energy Inc. (NYSE:D - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 98,676 shares of the utilities provider's stock, valued at approximately $6,739,000.

Several other hedge funds have also bought and sold shares of D. BlackRock Inc. bought a new position in Dominion Energy in the 2nd quarter worth about $4,986,439,000. Bank of America Corp DE purchased a new stake in shares of Dominion Energy during the 2nd quarter valued at about $996,984,000. Norges Bank purchased a new position in shares of Dominion Energy during the fourth quarter valued at approximately $655,142,000. Bank of New York Mellon Corp bought a new position in Dominion Energy during the second quarter valued at approximately $697,388,000. Finally, Legal & General Group Plc purchased a new stake in Dominion Energy in the second quarter worth approximately $467,353,000. Institutional investors own 73.04% of the company's stock.

Wall Street Analysts Forecast Growth

D has been the topic of several research analyst reports. Jefferies Financial Group raised Dominion Energy from a "hold" rating to a "buy" rating and increased their price target for the company from $65.00 to $76.00 in a report on Thursday, May 28th. UBS Group set a $80.00 target price on Dominion Energy in a research report on Wednesday, August 19th. TD Cowen upgraded shares of Dominion Energy from a "hold" rating to a "buy" rating and increased their price target for the stock from $69.00 to $80.00 in a research report on Wednesday, August 19th. BMO Capital Markets increased their price target on Dominion Energy from $64.00 to $70.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 22nd. Finally, Mizuho upped their price objective on Dominion Energy from $66.00 to $72.00 and gave the stock a "neutral" rating in a report on Tuesday, May 26th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $69.79.

Dominion Energy Price Performance

Dominion Energy stock opened at $62.83 on Tuesday. The firm has a 50-day moving average of $67.67 and a two-hundred day moving average of $65.86. The stock has a market cap of $55.26 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 2.96 and a beta of 0.64. Dominion Energy Inc. has a 1 year low of $55.85 and a 1 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.

Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.11. The company had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The firm's quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, research analysts forecast that Dominion Energy Inc. will post 3.57 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, September 20th. Shareholders of record on Friday, September 4th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Friday, September 4th. Dominion Energy's payout ratio is currently 93.03%.

About Dominion Energy

Dominion Energy, Inc is a regulated energy company headquartered in Richmond, Virginia. Through its utility operations, the company generates, transmits and distributes electricity and provides natural gas service to residential, commercial and industrial customers, primarily in Virginia and South Carolina.

The company's electric generation portfolio includes nuclear, natural gas, renewable energy and hydroelectric resources. Dominion Energy also operates electric transmission and distribution networks, natural gas distribution systems and related energy infrastructure.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.