Aberdeen Group plc Boosts Holdings in Dominion Energy Inc. $D

Aberdeen Group plc grew its position in shares of Dominion Energy Inc. (NYSE:D) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 428,161 shares of the utilities provider’s stock after purchasing an additional 8,680 shares during the period. Aberdeen Group plc owned approximately 0.05% of Dominion Energy worth $25,086,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Dominion Energy by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 106,158,920 shares of the utilities provider’s stock worth $6,493,741,000 after purchasing an additional 363,610 shares during the period. Capital Research Global Investors lifted its stake in Dominion Energy by 22.4% in 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 acquiring an additional 10,049,691 shares during the period. State Street Corp lifted its stake in Dominion Energy by 1.3% in the third quarter. State Street Corp now owns 46,934,223 shares of the utilities provider’s stock worth $2,870,966,000 after acquiring an additional 592,815 shares during the period. Wellington Management Group LLP boosted its holdings in Dominion Energy by 4.4% in the third 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 in the last quarter. Finally, Bank of America Corp DE increased 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 valued at $897,871,000 after purchasing an additional 422,971 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

D opened at $62.77 on Monday. The firm has a market cap of $55.17 billion, a PE ratio of 18.25, a P/E/G ratio of 1.70 and a beta of 0.67. The stock has a 50-day moving average price of $62.64 and a 200-day moving average price of $61.00. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $67.57. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.77 and a quick ratio of 0.59.

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

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, February 27th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, February 27th. Dominion Energy’s dividend payout ratio (DPR) is presently 77.62%.

Analyst Ratings Changes

Several brokerages have commented on D. Mizuho upped their price objective on shares of Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, February 24th. Scotiabank lifted their price objective on Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Weiss Ratings upgraded Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Barclays reduced their price target on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Finally, TD Cowen initiated coverage on Dominion Energy in a report on Friday, January 9th. They issued a “hold” rating and a $65.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average target price of $65.20.

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.