OMERS ADMINISTRATION Corp Invests $5.68 Million in Dominion Energy Inc. $D

OMERS ADMINISTRATION Corp acquired a new stake in Dominion Energy Inc. (NYSE:D) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 83,158 shares of the utilities provider’s stock, valued at approximately $5,679,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new position in Dominion Energy in the second quarter valued at approximately $4,986,439,000. Wellington Management Group LLP boosted its holdings in shares of Dominion Energy by 46.2% in the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock valued at $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 $655,142,000. Bank of New York Mellon Corp acquired a new position in Dominion Energy during the second quarter worth $697,388,000. Finally, Capital Research Global Investors raised its position in Dominion Energy by 9.0% during the fourth 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. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

D has been the topic of several recent analyst reports. Morgan Stanley lowered their price objective on shares of Dominion Energy from $71.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Friday. UBS Group set a $80.00 price target on Dominion Energy in a report on Wednesday, August 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Dominion Energy in a research report on Wednesday, August 19th. Jefferies Financial Group upgraded Dominion Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from $65.00 to $76.00 in a research note on Thursday, May 28th. Finally, Wells Fargo & Company raised their price objective on Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average price target of $69.93.

Dominion Energy Stock Performance

NYSE D opened at $66.60 on Tuesday. The firm has a 50-day moving average of $69.19 and a 200-day moving average of $65.69. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. The stock has a market cap of $58.58 billion, a PE ratio of 23.21 and a beta of 0.65. Dominion Energy Inc. has a 52-week low of $55.85 and a 52-week high of $72.99.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. Dominion Energy’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, sell-side analysts anticipate that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Announces Dividend

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

Dominion Energy 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.