Invesco Ltd. Has $588.71 Million Holdings in Dominion Energy Inc. $D

Invesco Ltd. trimmed its position in shares of Dominion Energy Inc. (NYSE:D) by 4.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,415,873 shares of the utilities provider’s stock after selling 449,587 shares during the period. Invesco Ltd. owned approximately 1.22% of Dominion Energy worth $588,705,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SPC Financial Inc. raised its position in Dominion Energy by 1.4% during the second quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock valued at $688,000 after purchasing an additional 172 shares in the last quarter. Maridea Wealth Management LLC raised its holdings in shares of Dominion Energy by 2.1% during the 2nd quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock worth $505,000 after buying an additional 183 shares in the last quarter. Quotient Wealth Partners LLC lifted its position in shares of Dominion Energy by 2.4% during the 2nd quarter. Quotient Wealth Partners LLC now owns 7,795 shares of the utilities provider’s stock worth $441,000 after buying an additional 184 shares during the last quarter. Empirical Finance LLC lifted its position in shares of Dominion Energy by 0.6% during the 2nd quarter. Empirical Finance LLC now owns 29,240 shares of the utilities provider’s stock worth $1,653,000 after buying an additional 186 shares during the last quarter. Finally, Private Client Services LLC boosted its stake in Dominion Energy by 3.1% in the second quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider’s stock valued at $352,000 after buying an additional 188 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of D opened at $59.87 on Friday. The business has a 50-day moving average of $60.81 and a 200-day moving average of $59.10. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.84 and a quick ratio of 0.65. The company has a market capitalization of $51.13 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 1.72 and a beta of 0.70. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.87.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, beating the consensus estimate of $1.02 by $0.04. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The business had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, equities research analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders of record on Friday, December 5th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.5%. Dominion Energy’s dividend payout ratio is 90.82%.

Analyst Ratings Changes

A number of research firms have recently weighed in on D. BMO Capital Markets reduced their price target on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Dominion Energy in a report on Tuesday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $70.00 price target on shares of Dominion Energy in a research note on Tuesday, October 28th. BTIG Research started coverage on Dominion Energy in a research report on Wednesday, October 22nd. They set a “neutral” rating on the stock. Finally, Evercore ISI initiated coverage on Dominion Energy in a research report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 target price for the company. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average price target of $64.22.

Dominion Energy Company Profile

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.