Dominion Energy Inc. $D Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in shares of Dominion Energy Inc. (NYSE:D) by 10.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,199,225 shares of the utilities provider’s stock after selling 1,483,192 shares during the quarter. Bank of New York Mellon Corp owned 1.43% of Dominion Energy worth $746,227,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of D. CoreFirst Bank & Trust acquired a new position in shares of Dominion Energy in the second quarter valued at approximately $25,000. Westside Investment Management Inc. boosted its position in Dominion Energy by 123.3% in the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after buying an additional 259 shares during the period. Hanson & Doremus Investment Management acquired a new position in shares of Dominion Energy in the third quarter worth $31,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Dominion Energy in the second quarter valued at $32,000. Finally, Capital A Wealth Management LLC boosted its holdings in Dominion Energy by 5,038.5% in the second quarter. Capital A Wealth Management LLC now owns 668 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 655 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Down 0.7%

D opened at $60.72 on Thursday. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.87. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.65 and a current ratio of 0.84. The stock has a market capitalization of $51.85 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 1.66 and a beta of 0.72. The business’s 50-day simple moving average is $59.68 and its 200-day simple moving average is $59.97.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.02 by $0.04. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.71 billion. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The firm’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 27th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, February 27th. Dominion Energy’s dividend payout ratio is presently 90.82%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on D. Barclays decreased their price objective on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. TD Cowen started coverage on shares of Dominion Energy in a report on Friday, January 9th. They set a “hold” rating and a $65.00 price target for the company. BTIG Research started coverage on shares of Dominion Energy in a research report on Wednesday, October 22nd. They set a “neutral” rating for the company. JPMorgan Chase & Co. cut their price target on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research note on Thursday, December 11th. Finally, BMO Capital Markets lowered their price objective on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $64.33.

Dominion Energy Company 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.