CIBC Bancorp USA Inc. Purchases New Position in Dominion Energy Inc. $D

CIBC Bancorp USA Inc. acquired a new position in shares of Dominion Energy Inc. (NYSE:D) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 117,721 shares of the utilities provider’s stock, valued at approximately $7,201,000.

Several other institutional investors and hedge funds have also made changes to their positions in D. Vanguard Group Inc. raised its holdings in shares of Dominion Energy by 0.3% in the third quarter. Vanguard Group Inc. now owns 106,158,920 shares of the utilities provider’s stock valued at $6,493,741,000 after buying an additional 363,610 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Dominion Energy by 22.4% during the third quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock worth $3,355,175,000 after buying an additional 10,049,691 shares during the last quarter. State Street Corp increased its position in Dominion Energy by 1.3% in the 3rd quarter. State Street Corp now owns 46,934,223 shares of the utilities provider’s stock valued at $2,870,966,000 after acquiring an additional 592,815 shares during the period. Wellington Management Group LLP raised its stake in Dominion Energy by 4.4% during the 3rd quarter. Wellington Management Group LLP now owns 30,746,146 shares of the utilities provider’s stock valued at $1,880,742,000 after acquiring an additional 1,298,881 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Dominion Energy by 3.0% during the 3rd quarter. Bank of America Corp DE now owns 14,678,283 shares of the utilities provider’s stock worth $897,871,000 after acquiring an additional 422,971 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a report on Thursday, December 11th. Weiss Ratings upgraded shares of Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. TD Cowen assumed coverage on shares of Dominion Energy in a research note on Friday, January 9th. They issued a “hold” rating and a $65.00 target price for the company. Wells Fargo & Company dropped their price target on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Finally, Scotiabank increased their price target on shares of Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $65.20.

Dominion Energy Stock Performance

Dominion Energy stock opened at $59.43 on Friday. The firm has a market capitalization of $52.23 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.65 and a beta of 0.71. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $67.57. The stock’s 50 day moving average price is $62.39 and its 200 day moving average price is $60.83. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 0.77.

Dominion Energy (NYSE:D) last announced its earnings results on Monday, February 23rd. The utilities provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01. Dominion Energy had a return on equity of 9.67% and a net margin of 18.05%.The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period last year, the firm earned $0.58 earnings per share. The company’s revenue was up 20.4% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, sell-side analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, February 27th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, February 27th. Dominion Energy’s payout ratio is currently 77.62%.

About Dominion Energy

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.