Dominion Energy Inc. $D Shares Sold by Magellan Asset Management Ltd

Magellan Asset Management Ltd cut its position in shares of Dominion Energy Inc. (NYSE:D) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,815,414 shares of the utilities provider’s stock after selling 11,214 shares during the quarter. Dominion Energy comprises 2.0% of Magellan Asset Management Ltd’s portfolio, making the stock its 19th biggest position. Magellan Asset Management Ltd’s holdings in Dominion Energy were worth $164,955,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new stake in Dominion Energy during the third quarter worth about $28,000. Blueline Advisors LLC acquired a new stake in Dominion Energy during the fourth quarter worth about $28,000. Costello Asset Management INC increased its stake in Dominion Energy by 66.7% during the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 200 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in Dominion Energy during the third quarter worth about $30,000. Finally, Cornerstone Planning Group LLC increased its stake in Dominion Energy by 5,080.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 518 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 508 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on D. Wall Street Zen lowered Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Bank of America increased their price objective on shares of Dominion Energy from $63.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Royal Bank Of Canada increased their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Mizuho increased their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Finally, Seaport Research Partners lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $67.69.

Dominion Energy Price Performance

D stock opened at $66.48 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.78. Dominion Energy Inc. has a 1 year low of $53.36 and a 1 year high of $68.97. The firm has a market cap of $58.47 billion, a P/E ratio of 19.67 and a beta of 0.65. The stock has a 50-day simple moving average of $63.73 and a 200-day simple moving average of $62.04.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $4.43 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. 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 3.59 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 20th. Investors of record on Friday, May 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 78.99%.

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.