American Century Companies Inc. Has $240.49 Million Holdings in Dominion Energy Inc. $D

American Century Companies Inc. boosted its position in shares of Dominion Energy Inc. (NYSE:D) by 12.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,254,860 shares of the utilities provider’s stock after acquiring an additional 458,336 shares during the period. American Century Companies Inc. owned 0.50% of Dominion Energy worth $240,485,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. AGP Franklin LLC lifted its position in shares of Dominion Energy by 11.0% during the 2nd quarter. AGP Franklin LLC now owns 56,258 shares of the utilities provider’s stock worth $3,180,000 after purchasing an additional 5,565 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Dominion Energy by 1.2% during the second quarter. Rhumbline Advisers now owns 1,496,744 shares of the utilities provider’s stock worth $84,596,000 after buying an additional 17,657 shares during the last quarter. Mufg Securities Americas Inc. boosted its position in shares of Dominion Energy by 27.1% in the second quarter. Mufg Securities Americas Inc. now owns 18,900 shares of the utilities provider’s stock valued at $1,068,000 after acquiring an additional 4,031 shares during the period. Journey Strategic Wealth LLC grew its stake in shares of Dominion Energy by 43.9% in the second quarter. Journey Strategic Wealth LLC now owns 5,385 shares of the utilities provider’s stock worth $304,000 after acquiring an additional 1,644 shares during the last quarter. Finally, Graham Capital Wealth Management LLC increased its position in Dominion Energy by 3.0% during the second quarter. Graham Capital Wealth Management LLC now owns 48,482 shares of the utilities provider’s stock worth $2,740,000 after acquiring an additional 1,429 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on D shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $70.00 price target on shares of Dominion Energy in a report on Tuesday, October 28th. Barclays increased their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research report on Thursday, August 21st. Evercore ISI began coverage on Dominion Energy in a report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price target for the company. Finally, BMO Capital Markets decreased their price objective on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $64.22.

Dominion Energy Stock Performance

NYSE:D opened at $61.46 on Monday. The firm has a market capitalization of $52.49 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 2.13 and a beta of 0.63. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.52. The firm has a 50-day moving average price of $60.60 and a 200 day moving average price of $58.75.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.04. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same period in the prior year, the company posted $0.98 EPS. The company’s revenue was up 14.9% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Research analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, December 5th. Dominion Energy’s dividend payout ratio is currently 90.82%.

Insider Transactions at Dominion Energy

In related news, CEO Robert M. Blue acquired 4,152 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was bought at an average cost of $60.35 per share, with a total value of $250,573.20. Following the completion of the acquisition, the chief executive officer owned 161,237 shares in the company, valued at $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.11% of the stock is owned by corporate insiders.

Dominion Energy Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.