Delta Global Management LP Makes New Investment in Dominion Energy Inc. $D

Delta Global Management LP bought a new position in shares of Dominion Energy Inc. (NYSE:D) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 39,341 shares of the utilities provider’s stock, valued at approximately $2,305,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AustralianSuper Pty Ltd lifted its holdings in Dominion Energy by 1,785.9% during the 3rd quarter. AustralianSuper Pty Ltd now owns 519,100 shares of the utilities provider’s stock worth $31,753,000 after buying an additional 491,574 shares during the period. Vanguard Group Inc. lifted its stake in shares of Dominion Energy by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 106,158,920 shares of the utilities provider’s stock valued at $6,493,741,000 after purchasing an additional 363,610 shares during the period. ANTIPODES PARTNERS Ltd lifted its stake in shares of Dominion Energy by 84,502.3% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,735,194 shares of the utilities provider’s stock valued at $106,150,000 after purchasing an additional 1,733,143 shares during the period. Citigroup Inc. lifted its stake in shares of Dominion Energy by 36.7% in the 3rd quarter. Citigroup Inc. now owns 2,422,315 shares of the utilities provider’s stock valued at $148,173,000 after purchasing an additional 649,989 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of Dominion Energy by 43.9% in the 3rd quarter. Assetmark Inc. now owns 59,015 shares of the utilities provider’s stock valued at $3,610,000 after purchasing an additional 17,990 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

D has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price objective on Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Truist Financial dropped their price objective on Dominion Energy from $67.00 to $66.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Wall Street Zen downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Jefferies Financial Group raised Dominion Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from $65.00 to $76.00 in a research note on Thursday, May 28th. Finally, Mizuho boosted their price objective on Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $67.69.

Dominion Energy Stock Up 0.4%

D stock opened at $68.19 on Tuesday. The stock’s 50 day simple moving average is $64.48 and its 200 day simple moving average is $62.32. Dominion Energy Inc. has a fifty-two week low of $53.36 and a fifty-two week high of $68.97. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.78. The company has a market cap of $59.97 billion, a P/E ratio of 20.17 and a beta of 0.65.

Dominion Energy (NYSE:D) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $4.43 billion. During the same period in the prior year, the business earned $0.93 EPS. 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. On average, research analysts expect 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 paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, May 29th. Dominion Energy’s dividend payout ratio is 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.