Harvest Portfolios Group Inc. Boosts Stake in Dominion Energy Inc. $D

Harvest Portfolios Group Inc. grew its position in shares of Dominion Energy Inc. (NYSE:D) by 15.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 154,497 shares of the utilities provider’s stock after buying an additional 20,455 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Dominion Energy were worth $9,451,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of D. Vanguard Group Inc. boosted its position in Dominion Energy by 0.3% in the third quarter. Vanguard Group Inc. now owns 106,158,920 shares of the utilities provider’s stock worth $6,493,741,000 after purchasing an additional 363,610 shares during the last quarter. State Street Corp raised its stake in shares of Dominion Energy by 2.9% during the 2nd quarter. State Street Corp now owns 46,341,408 shares of the utilities provider’s stock worth $2,619,216,000 after purchasing an additional 1,313,621 shares during the period. Geode Capital Management LLC raised its stake in shares of Dominion Energy by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 19,725,397 shares of the utilities provider’s stock worth $1,112,697,000 after purchasing an additional 575,350 shares during the period. Norges Bank purchased a new position in shares of Dominion Energy in the 2nd quarter worth about $566,924,000. Finally, Legal & General Group Plc grew its position in Dominion Energy by 5.4% during the second quarter. Legal & General Group Plc now owns 7,669,476 shares of the utilities provider’s stock valued at $433,479,000 after buying an additional 394,158 shares during the period. 73.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

D has been the topic of several research reports. Barclays lowered their price objective on shares of Dominion Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. BMO Capital Markets dropped their price objective on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Wells Fargo & Company decreased their target price on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. JPMorgan Chase & Co. dropped their price target on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research report on Thursday, December 11th. Finally, Mizuho lifted their price objective on Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $64.50.

Dominion Energy Stock Down 0.5%

D stock opened at $63.00 on Friday. The stock has a 50-day simple moving average of $61.17 and a two-hundred day simple moving average of $60.65. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $67.57. The firm has a market capitalization of $55.37 billion, a PE ratio of 18.31, a PEG ratio of 1.72 and a beta of 0.71. The company has a quick ratio of 0.65, a current ratio of 0.77 and a debt-to-equity ratio of 1.36.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Monday, February 23rd. The utilities provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.65 billion. Dominion Energy had a net margin of 18.05% and a return on equity of 9.67%. Dominion Energy’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the business earned $0.58 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, equities analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 27th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.67 annualized dividend and a dividend yield of 4.2%. Dominion Energy’s dividend payout ratio is presently 77.62%.

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.