Bank of America Corp DE Has $897.87 Million Stock Position in Dominion Energy Inc. $D

Bank of America Corp DE increased its position in shares of Dominion Energy Inc. (NYSE:D) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,678,283 shares of the utilities provider’s stock after buying an additional 422,971 shares during the period. Bank of America Corp DE owned 1.72% of Dominion Energy worth $897,871,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CoreFirst Bank & Trust acquired a new stake in shares of Dominion Energy in the second quarter valued at about $25,000. United Community Bank acquired a new position in shares of Dominion Energy during the 3rd quarter worth about $29,000. Hanson & Doremus Investment Management bought a new stake in Dominion Energy during the 3rd quarter valued at approximately $31,000. Twin Peaks Wealth Advisors LLC bought a new stake in Dominion Energy during the 2nd quarter valued at approximately $32,000. Finally, iSAM Funds UK Ltd acquired a new stake in Dominion Energy in the 3rd quarter valued at approximately $37,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of D stock opened at $63.48 on Tuesday. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $67.57. The company has a market capitalization of $55.79 billion, a P/E ratio of 18.45, a P/E/G ratio of 1.71 and a beta of 0.71. The stock has a 50 day moving average of $62.11 and a two-hundred day moving average of $60.80. The company has a current ratio of 0.77, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36.

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

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 27th will be paid a $0.6675 dividend. The ex-dividend date is Friday, February 27th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.2%. Dominion Energy’s dividend payout ratio is currently 77.62%.

Analysts Set New Price Targets

Several research analysts have commented on D shares. JPMorgan Chase & Co. dropped their price target on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research report on Thursday, December 11th. Wells Fargo & Company lowered their price objective 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. Mizuho boosted their target price on shares of Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Scotiabank upped their target price on shares of Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Finally, Barclays reduced their price target on shares of Dominion Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average target price of $64.73.

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.