RWC Asset Management LLP Sells 127,117 Shares of Dominion Energy Inc. $D

RWC Asset Management LLP cut its position in Dominion Energy Inc. (NYSE:D) by 22.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 436,342 shares of the utilities provider’s stock after selling 127,117 shares during the period. Dominion Energy makes up 1.3% of RWC Asset Management LLP’s portfolio, making the stock its 22nd biggest holding. RWC Asset Management LLP’s holdings in Dominion Energy were worth $25,565,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in Dominion Energy by 64.3% during the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after acquiring an additional 3,553 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Dominion Energy by 8.3% during the first quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock valued at $985,000 after acquiring an additional 1,344 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of Dominion Energy by 40.7% during the first quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock worth $3,979,000 after purchasing an additional 20,522 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Dominion Energy by 71.2% during the first quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock worth $1,708,000 after purchasing an additional 12,663 shares during the period. Finally, Schnieders Capital Management LLC. grew its stake in shares of Dominion Energy by 9.5% in the second quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider’s stock worth $7,041,000 after purchasing an additional 10,775 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Seaport Research Partners downgraded Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Royal Bank Of Canada raised their price objective on Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Morgan Stanley cut their price objective on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Wells Fargo & Company upped their target price on Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Finally, Bank of America raised their price target on shares of Dominion Energy from $63.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average price target of $67.69.

Dominion Energy Stock Up 0.2%

Shares of NYSE:D opened at $67.00 on Monday. Dominion Energy Inc. has a 1 year low of $53.36 and a 1 year high of $68.97. 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 50-day moving average is $63.86 and its 200-day moving average is $62.08. The company has a market capitalization of $58.93 billion, a price-to-earnings ratio of 19.82 and a beta of 0.65.

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

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 20th. Investors of record on Friday, May 29th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.0%. Dominion Energy’s dividend payout ratio is currently 78.99%.

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.