Mackenzie Financial Corp Sells 127,810 Shares of Dominion Energy Inc. $D

Mackenzie Financial Corp cut its holdings in shares of Dominion Energy Inc. (NYSE:D) by 18.5% during the 3rd quarter, Holdings Channel reports. The firm owned 563,221 shares of the utilities provider’s stock after selling 127,810 shares during the period. Mackenzie Financial Corp’s holdings in Dominion Energy were worth $34,452,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Dominion Energy by 16.2% in the second quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock valued at $5,979,551,000 after buying an additional 14,715,895 shares during the period. Capital Research Global Investors increased its stake in Dominion Energy by 22.4% during the 3rd quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock worth $3,355,175,000 after acquiring an additional 10,049,691 shares during the period. Norges Bank acquired a new position in Dominion Energy in the 2nd quarter valued at $566,924,000. Mizuho Markets Americas LLC raised its holdings in Dominion Energy by 139.3% in the 3rd quarter. Mizuho Markets Americas LLC now owns 867,500 shares of the utilities provider’s stock valued at $53,065,000 after acquiring an additional 3,073,835 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd lifted its position in shares of Dominion Energy by 84,502.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,735,194 shares of the utilities provider’s stock valued at $106,150,000 after acquiring an additional 1,733,143 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 1.0%

D opened at $62.84 on Friday. The company has a market cap of $55.22 billion, a P/E ratio of 18.27, a PEG ratio of 1.69 and a beta of 0.71. The company has a current ratio of 0.77, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The company’s 50 day moving average is $61.94 and its 200-day moving average is $60.74. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $67.57.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Monday, February 23rd. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Dominion Energy had a net margin of 18.05% and a return on equity of 9.67%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities research analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, February 27th. This represents a $2.67 annualized dividend and a dividend yield of 4.2%. Dominion Energy’s dividend payout ratio is 77.62%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Mizuho increased their target price on Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, February 24th. Weiss Ratings raised Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Barclays cut their price objective on shares of Dominion Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Wells Fargo & Company reduced their price objective on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Finally, Scotiabank raised their target price on shares of 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, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Dominion Energy has an average rating of “Hold” and a consensus target price of $64.73.

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.