First Trust Advisors LP Sells 49,283 Shares of Dominion Energy Inc. $D

First Trust Advisors LP decreased its stake in Dominion Energy Inc. (NYSE:D) by 3.5% in the third quarter, Holdings Channel.com reports. The firm owned 1,351,855 shares of the utilities provider’s stock after selling 49,283 shares during the period. First Trust Advisors LP’s holdings in Dominion Energy were worth $82,693,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of D. Vanguard Group Inc. lifted 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 buying an additional 363,610 shares during the last quarter. State Street Corp increased its position in Dominion Energy by 2.9% during the second quarter. State Street Corp now owns 46,341,408 shares of the utilities provider’s stock valued at $2,619,216,000 after acquiring an additional 1,313,621 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Dominion Energy by 3.0% in the second quarter. Geode Capital Management LLC now owns 19,725,397 shares of the utilities provider’s stock valued at $1,112,697,000 after acquiring an additional 575,350 shares during the period. Norges Bank bought a new stake in shares of Dominion Energy in the 2nd quarter worth about $566,924,000. Finally, Legal & General Group Plc boosted its stake in shares of Dominion Energy by 5.4% during the 2nd quarter. Legal & General Group Plc now owns 7,669,476 shares of the utilities provider’s stock worth $433,479,000 after purchasing an additional 394,158 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Mizuho upped their price target on shares of Dominion Energy from $62.00 to $66.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Barclays decreased their price objective on shares of Dominion Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Wells Fargo & Company cut their target price on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Weiss Ratings upgraded Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Finally, TD Cowen started coverage on Dominion Energy in a research note on Friday, January 9th. They set a “hold” rating and a $65.00 price target for the company. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $64.73.

Dominion Energy Trading Down 0.5%

D stock opened at $62.92 on Tuesday. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $67.57. The firm’s 50-day moving average is $61.71 and its 200 day moving average is $60.71. The company has a market capitalization of $55.29 billion, a PE ratio of 18.29, a P/E/G ratio of 1.71 and a beta of 0.71. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.77 and a quick ratio of 0.59.

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

Dominion Energy Dividend Announcement

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