Y Intercept Hong Kong Ltd Takes $1.44 Million Position in Dominion Energy Inc. $D

Y Intercept Hong Kong Ltd purchased a new stake in Dominion Energy Inc. (NYSE:DFree Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 23,283 shares of the utilities provider’s stock, valued at approximately $1,439,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP grew its holdings in Dominion Energy by 46.2% during the fourth quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock valued at $2,633,253,000 after purchasing an additional 14,197,581 shares during the period. Norges Bank acquired a new stake in Dominion Energy in the fourth quarter worth $655,142,000. Capital Research Global Investors raised its holdings in Dominion Energy by 9.0% in the fourth quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider’s stock worth $3,503,142,000 after purchasing an additional 4,940,692 shares during the period. Adage Capital Partners GP L.L.C. bought a new position in shares of Dominion Energy during the fourth quarter worth $125,495,000. Finally, State Street Corp boosted its position in shares of Dominion Energy by 3.6% during the fourth quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock worth $2,848,662,000 after purchasing an additional 1,686,050 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 1.0%

D traded up $0.71 during trading on Friday, reaching $70.16. The company had a trading volume of 3,956,884 shares, compared to its average volume of 6,200,018. The company has a market cap of $61.70 billion, a P/E ratio of 20.76 and a beta of 0.65. Dominion Energy Inc. has a 12 month low of $55.85 and a 12 month high of $70.59. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.78 and a quick ratio of 0.61. The business’s fifty day moving average price is $66.90 and its 200 day moving average price is $63.52.

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

Dominion Energy Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently commented on D. Morgan Stanley lowered their price objective on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Barclays reduced their target price on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Mizuho boosted their target price on Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Seaport Research Partners downgraded Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Bank of America raised their price target on Dominion Energy from $63.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $67.62.

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About Dominion Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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