Norges Bank Makes New Investment in Dominion Energy Inc. $D

Norges Bank purchased a new position in shares of Dominion Energy Inc. (NYSE:D) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,181,800 shares of the utilities provider’s stock, valued at approximately $655,142,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in D. Triumph Capital Management purchased a new stake in shares of Dominion Energy in the third quarter worth about $28,000. Blueline Advisors LLC purchased a new stake in shares of Dominion Energy in the fourth quarter worth about $28,000. United Community Bank purchased a new stake in shares of Dominion Energy in the third quarter worth about $29,000. Costello Asset Management INC boosted its position in shares of Dominion Energy by 66.7% in the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock worth $29,000 after buying an additional 200 shares during the period. Finally, JPL Wealth Management LLC purchased a new stake in shares of Dominion Energy in the third quarter worth about $30,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on D. Jefferies Financial Group raised Dominion Energy from a “hold” rating to a “buy” rating and upped their target price for the stock from $65.00 to $76.00 in a research report on Thursday. Weiss Ratings raised Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 22nd. Truist Financial decreased their target price on Dominion Energy from $67.00 to $66.00 and set a “hold” rating for the company in a research report on Friday. Royal Bank Of Canada upped their target price on Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Finally, Barclays upped their target price on Dominion Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $67.69.

Dominion Energy Trading Up 0.0%

Shares of D opened at $66.95 on Monday. The company has a market capitalization of $58.88 billion, a P/E ratio of 19.81 and a beta of 0.65. Dominion Energy Inc. has a one year low of $53.36 and a one year high of $68.97. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.78. The stock has a 50-day moving average price of $63.28 and a 200 day moving average price of $61.91.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The firm had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.43 billion. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.Dominion Energy’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Sell-side analysts forecast that Dominion Energy Inc. will post 3.59 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 20th. Investors of record on Friday, May 29th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.0%. Dominion Energy’s dividend payout ratio is currently 78.99%.

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.