Generali Investments Management Co LLC Sells 11,653 Shares of Dominion Energy Inc. $D

Generali Investments Management Co LLC decreased its position in shares of Dominion Energy Inc. (NYSE:D) by 31.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,974 shares of the utilities provider’s stock after selling 11,653 shares during the period. Generali Investments Management Co LLC’s holdings in Dominion Energy were worth $1,705,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of D. Motiv8 Investments LLC acquired a new position in shares of Dominion Energy during the 4th quarter worth about $25,000. Blueline Advisors LLC acquired a new stake in Dominion Energy in the 4th quarter valued at approximately $28,000. Triumph Capital Management bought a new position in Dominion Energy in the 3rd quarter worth approximately $28,000. Costello Asset Management INC increased its position in Dominion Energy by 66.7% in the 4th 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, Advocate Investing Services LLC acquired a new position in shares of Dominion Energy during the fourth quarter worth approximately $29,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $67.14 on Tuesday. The firm has a market cap of $59.05 billion, a P/E ratio of 23.39 and a beta of 0.65. The firm’s 50-day simple moving average is $68.93 and its 200-day simple moving average is $65.16. Dominion Energy Inc. has a twelve month low of $55.85 and a twelve month high of $72.99. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.11. The firm had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, research analysts expect that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.0%. Dominion Energy’s dividend payout ratio is presently 93.03%.

Wall Street Analyst Weigh In

D has been the subject of several research reports. Jefferies Financial Group raised Dominion Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $65.00 to $76.00 in a research report on Thursday, May 28th. Royal Bank Of Canada boosted their target price on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Seaport Research Partners cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Barclays reduced their price target on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Finally, Wall Street Zen lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $68.00.

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.