Principal Financial Group Inc. Acquires 38,246 Shares of Dominion Energy Inc. $D

Key Points

• Principal Financial Group boosted its stake in Dominion Energy by 3.8% in Q4, acquiring 38,246 shares to hold 1,042,574 shares (about 0.12% of the company) valued at roughly $61.08 million per its 13F filing.
• Quarterly results: Dominion reported $0.95 EPS vs. $0.90 expected and revenue of $5.02 billion vs. $4.43 billion, and set FY2026 guidance of $3.45–$3.69 EPS (analysts forecast ~$3.59).
• Dividend announced: the company declared a quarterly dividend of $0.6675 per share (annualized $2.67) with a yield of 4.3%, ex-dividend date May 29 and payment on June 20; the payout ratio is about 78.99%.

Principal Financial Group Inc. increased its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,042,574 shares of the utilities provider's stock after acquiring an additional 38,246 shares during the quarter. Principal Financial Group Inc. owned about 0.12% of Dominion Energy worth $61,084,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Triumph Capital Management acquired a new stake in Dominion Energy during the 3rd quarter worth approximately $28,000. United Community Bank bought a new stake in Dominion Energy in the 3rd quarter valued at $29,000. JPL Wealth Management LLC acquired a new position in Dominion Energy in the 3rd quarter valued at $30,000. Cornerstone Planning Group LLC increased its position in Dominion Energy by 5,080.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 518 shares of the utilities provider's stock worth $31,000 after buying an additional 508 shares during the period. Finally, Torren Management LLC bought a new position in Dominion Energy during the 4th quarter worth $33,000. Institutional investors own 73.04% of the company's stock.

Dominion Energy Trading Down 0.0%

Shares of NYSE D opened at $61.61 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.59 and a current ratio of 0.78. Dominion Energy Inc. has a 52-week low of $52.53 and a 52-week high of $67.57. The firm has a 50 day moving average price of $62.41 and a two-hundred day moving average price of $61.29. The stock has a market cap of $54.18 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 3.24 and a beta of 0.65.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. The firm had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.43 billion. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The company's revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.93 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, equities analysts forecast that Dominion Energy Inc. will post 3.59 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 20th. Investors of record on Friday, May 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, May 29th. Dominion Energy's dividend payout ratio is 78.99%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Bank of America boosted their price objective on shares of Dominion Energy from $63.00 to $65.00 and gave the company a "neutral" rating in a report on Wednesday, April 15th. Truist Financial started coverage on shares of Dominion Energy in a research report on Tuesday, April 21st. They issued a "hold" rating and a $67.00 price target for the company. Barclays boosted their price target on Dominion Energy from $66.00 to $70.00 and gave the company an "overweight" rating in a research note on Monday. Morgan Stanley lowered their price objective on Dominion Energy from $69.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 21st. Finally, Scotiabank lifted their price objective on Dominion Energy from $63.00 to $67.00 and gave the company a "sector perform" rating in a report on Monday, March 2nd. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $66.00.

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.

Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy Inc. (NYSE:D - Free Report).

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.