Munich Reinsurance Co Stock Corp in Munich Has $52.94 Million Holdings in Dominion Energy Inc. $D

Munich Reinsurance Co Stock Corp in Munich decreased its position in Dominion Energy Inc. (NYSE:D) by 21.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 856,365 shares of the utilities provider’s stock after selling 228,767 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in Dominion Energy were worth $52,940,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Capital Analysts LLC boosted its position in shares of Dominion Energy by 2.4% during the fourth quarter. Capital Analysts LLC now owns 6,651 shares of the utilities provider’s stock worth $390,000 after buying an additional 157 shares during the period. Navalign LLC raised its position in Dominion Energy by 1.2% in the 1st quarter. Navalign LLC now owns 14,229 shares of the utilities provider’s stock valued at $880,000 after buying an additional 162 shares during the last quarter. Conning Inc. raised its position in Dominion Energy by 0.5% in the 4th quarter. Conning Inc. now owns 33,217 shares of the utilities provider’s stock valued at $1,946,000 after buying an additional 176 shares during the last quarter. Castle Rock Wealth Management LLC lifted its stake in Dominion Energy by 2.6% in the 4th quarter. Castle Rock Wealth Management LLC now owns 6,885 shares of the utilities provider’s stock valued at $422,000 after acquiring an additional 177 shares in the last quarter. Finally, Mather Group LLC. lifted its stake in Dominion Energy by 3.4% in the 4th quarter. Mather Group LLC. now owns 5,400 shares of the utilities provider’s stock valued at $316,000 after acquiring an additional 178 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

D has been the subject of several research reports. Seaport Research Partners cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Jefferies Financial Group raised shares of Dominion Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $65.00 to $76.00 in a research report on Thursday, May 28th. Wall Street Zen cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Bank of America raised their target price 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. Finally, Barclays cut their price target on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $67.62.

Dominion Energy Stock Up 0.1%

D stock opened at $69.90 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38. The business has a 50 day moving average price of $66.62 and a two-hundred day moving average price of $63.40. The company has a market cap of $61.47 billion, a price-to-earnings ratio of 20.68 and a beta of 0.65. Dominion Energy Inc. has a twelve month low of $55.85 and a twelve month high of $70.59.

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

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, June 20th. Shareholders of record on Friday, May 29th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, May 29th. Dominion Energy’s dividend payout ratio is 78.99%.

Dominion Energy 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.