Dominion Energy Inc. $D Shares Sold by Magellan Asset Management Ltd

Magellan Asset Management Ltd lowered its holdings in shares of Dominion Energy Inc. (NYSE:D) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,815,414 shares of the utilities provider’s stock after selling 11,214 shares during the period. Dominion Energy comprises 2.0% of Magellan Asset Management Ltd’s portfolio, making the stock its 19th largest holding. Magellan Asset Management Ltd owned approximately 0.33% of Dominion Energy worth $164,955,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Dominion Energy by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 107,099,758 shares of the utilities provider’s stock worth $6,274,975,000 after acquiring an additional 940,838 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Dominion Energy by 22.4% in the third 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 last quarter. State Street Corp raised its holdings in shares of Dominion Energy by 1.3% in the third quarter. State Street Corp now owns 46,934,223 shares of the utilities provider’s stock worth $2,870,966,000 after acquiring an additional 592,815 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Dominion Energy by 4.4% in the third quarter. Wellington Management Group LLP now owns 30,746,146 shares of the utilities provider’s stock worth $1,880,742,000 after acquiring an additional 1,298,881 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Dominion Energy by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 20,442,935 shares of the utilities provider’s stock worth $1,196,056,000 after acquiring an additional 314,932 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Dominion Energy stock opened at $66.48 on Friday. The firm has a market capitalization of $58.47 billion, a P/E ratio of 19.67 and a beta of 0.65. The stock has a fifty day moving average price of $63.73 and a 200 day moving average price of $62.04. Dominion Energy Inc. has a 52 week low of $53.36 and a 52 week high of $68.97. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38.

Dominion Energy (NYSE:D) last released its earnings results on Friday, May 1st. The utilities provider reported $0.95 EPS for the quarter, beating 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 return on equity of 9.63% and a net margin of 16.93%.The business’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities research analysts anticipate that Dominion Energy Inc. will post 3.59 earnings per share for the current year.

Dominion Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on D. Scotiabank boosted their price target on Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Weiss Ratings raised Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Seaport Research Partners lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Truist Financial cut their price objective on shares of Dominion Energy from $67.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, May 29th. Finally, 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 research report on Wednesday, April 15th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $67.69.

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.