State Street Corp Raises Stake in Dominion Energy Inc. $D

State Street Corp raised its holdings in Dominion Energy Inc. (NYSE:D) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,341,408 shares of the utilities provider’s stock after purchasing an additional 1,313,621 shares during the quarter. State Street Corp owned about 0.05% of Dominion Energy worth $2,619,216,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. CoreFirst Bank & Trust purchased a new position in shares of Dominion Energy during the second quarter worth about $25,000. AlphaQuest LLC purchased a new stake in Dominion Energy during the 1st quarter valued at approximately $27,000. Westside Investment Management Inc. lifted its position in Dominion Energy by 123.3% during the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 259 shares during the period. Dagco Inc. purchased a new position in shares of Dominion Energy in the 1st quarter valued at approximately $31,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Dominion Energy in the second quarter valued at approximately $32,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on D shares. BMO Capital Markets decreased their price target on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Evercore ISI began coverage on shares of Dominion Energy in a research note on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research note on Thursday, August 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $70.00 target price on shares of Dominion Energy in a report on Tuesday, October 28th. Finally, Morgan Stanley boosted their price target on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and a consensus price target of $64.22.

Dominion Energy Price Performance

Shares of NYSE D opened at $58.50 on Wednesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.65 and a current ratio of 0.84. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.87. The firm has a market capitalization of $49.96 billion, a P/E ratio of 19.90, a PEG ratio of 1.68 and a beta of 0.70. The company’s fifty day moving average is $60.67 and its two-hundred day moving average is $59.18.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.71 billion. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 EPS. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 20th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.6%. Dominion Energy’s payout ratio is 90.82%.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.