Generali Investments Management Co LLC Has $1.71 Million Stock Position in Dominion Energy Inc. $D

Generali Investments Management Co LLC reduced its position in shares of Dominion Energy Inc. (NYSE:D) by 31.8% in the 2nd quarter, HoldingsChannel reports. The firm 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 reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in Dominion Energy by 46.2% during the fourth quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock worth $2,633,253,000 after buying an additional 14,197,581 shares during the last quarter. Norges Bank bought a new position in shares of Dominion Energy in the fourth quarter valued at approximately $655,142,000. Capital Research Global Investors boosted its holdings in shares of Dominion Energy by 9.0% in the 4th quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider’s stock worth $3,503,142,000 after acquiring an additional 4,940,692 shares in the last quarter. London Co. of Virginia boosted its holdings in shares of Dominion Energy by 45.3% in the 1st quarter. London Co. of Virginia now owns 6,943,525 shares of the utilities provider’s stock worth $429,250,000 after acquiring an additional 2,165,195 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Dominion Energy by 15.7% during the 1st quarter. Bank of America Corp DE now owns 15,930,241 shares of the utilities provider’s stock worth $984,808,000 after acquiring an additional 2,164,951 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Down 0.4%

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

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, beating the consensus estimate of $0.68 by $0.11. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.04 billion. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, equities research analysts expect that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

D has been the subject of a number of recent analyst reports. Barclays dropped their price target on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. BMO Capital Markets increased their target price on Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Truist Financial lowered their target price on Dominion Energy from $67.00 to $66.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Finally, Wall Street Zen cut Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.