ABN Amro Investment Solutions lifted its stake in shares of Dominion Energy Inc. (NYSE:D – Free Report) by 20.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,411 shares of the utilities provider’s stock after acquiring an additional 7,286 shares during the quarter. ABN Amro Investment Solutions’ holdings in Dominion Energy were worth $2,684,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP lifted its stake in Dominion Energy by 46.2% during the fourth quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock worth $2,633,253,000 after purchasing an additional 14,197,581 shares during the last quarter. Norges Bank purchased a new stake in shares of Dominion Energy during the 4th quarter worth approximately $655,142,000. Capital Research Global Investors boosted its holdings in shares of Dominion Energy by 9.0% in the 4th quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider’s stock valued at $3,503,142,000 after buying an additional 4,940,692 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new position in shares of Dominion Energy in the 4th quarter valued at $125,495,000. Finally, State Street Corp increased its position in shares of Dominion Energy by 3.6% during the fourth quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock worth $2,848,662,000 after purchasing an additional 1,686,050 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.
Dominion Energy Stock Up 0.5%
Dominion Energy stock opened at $71.44 on Friday. Dominion Energy Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $72.99. The firm has a market capitalization of $62.83 billion, a price-to-earnings ratio of 21.14 and a beta of 0.65. The stock’s fifty day moving average is $68.39 and its two-hundred day moving average is $64.33. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.78.
Dominion Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Saturday, June 20th. Shareholders of record on Friday, May 29th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 3.7%. Dominion Energy’s dividend payout ratio (DPR) is currently 78.99%.
Analyst Ratings Changes
Several brokerages have recently weighed in on D. Weiss Ratings upgraded shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Royal Bank Of Canada upped their price objective on Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Mizuho increased their price objective on Dominion Energy from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Bank of America boosted their target price on Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Finally, Truist Financial cut their price target on Dominion Energy from $67.00 to $66.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus target price of $68.00.
Read Our Latest Analysis on Dominion Energy
Key Stories Impacting Dominion Energy
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Dominion’s upcoming second-quarter earnings report is drawing positive attention, with analysts expecting single-digit bottom-line growth and investors watching for confirmation that recent operating trends remain intact.
- Positive Sentiment: BMO Capital Markets raised its price target on Dominion Energy to $70 from $64, signaling improved sentiment around the stock even though the firm kept a market-perform rating.
- Positive Sentiment: Dominion Energy reported record-high demand on its power grid, which can reinforce the case for strong utility load growth and stable revenue momentum. Article: Dominion Energy reports record high demand on power grid
- Neutral Sentiment: The company is working with local officials in Hampton and Graniteville to prepare for strong storms, flooding, and possible outages, which highlights operational readiness but is not a clear earnings driver.
- Neutral Sentiment: Virginia regulators rejected an attempt to pause Dominion’s Loudoun County power line project, reducing one procedural risk but leaving the broader transmission controversy unresolved. Article: Virginia regulators reject last-minute bid to pause Dominion power lines through Loudoun neighborhood
- Negative Sentiment: Dominion continues to face pushback over proposed transmission lines in northern Virginia, and the company dropped one proposed route for the project, underscoring political and permitting risk that could weigh on sentiment. Article: Dominion Energy faces pushback in northern Virginia over proposed transmission lines
- Negative Sentiment: A Virginia nonprofit also said a proposed Dominion Energy merger lacks critical details, adding another source of uncertainty around strategic execution.
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.
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