Geode Capital Management LLC Purchases 314,932 Shares of Dominion Energy Inc. $D

Geode Capital Management LLC boosted its position in Dominion Energy Inc. (NYSE:D) by 1.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 20,442,935 shares of the utilities provider’s stock after acquiring an additional 314,932 shares during the period. Geode Capital Management LLC’s holdings in Dominion Energy were worth $1,196,056,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Fidelis Capital Partners LLC boosted its stake in shares of Dominion Energy by 6.1% during the 4th quarter. Fidelis Capital Partners LLC now owns 10,277 shares of the utilities provider’s stock valued at $602,000 after purchasing an additional 594 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Dominion Energy by 49.6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 1,896 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 629 shares in the last quarter. Smithfield Trust Co boosted its stake in shares of Dominion Energy by 39.1% during the 4th quarter. Smithfield Trust Co now owns 8,067 shares of the utilities provider’s stock valued at $472,000 after purchasing an additional 2,267 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Dominion Energy by 11.0% during the 4th quarter. Bleakley Financial Group LLC now owns 35,127 shares of the utilities provider’s stock valued at $2,058,000 after purchasing an additional 3,495 shares in the last quarter. Finally, Cary Street Partners Financial LLC boosted its stake in shares of Dominion Energy by 3.0% during the 4th quarter. Cary Street Partners Financial LLC now owns 170,301 shares of the utilities provider’s stock valued at $9,978,000 after purchasing an additional 4,955 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 0.6%

Shares of NYSE D opened at $66.95 on Friday. Dominion Energy Inc. has a 1 year low of $53.36 and a 1 year high of $68.97. The stock has a market cap of $58.88 billion, a P/E ratio of 19.81 and a beta of 0.65. The firm has a 50-day moving average of $63.28 and a 200 day moving average of $61.90. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.78 and a quick ratio of 0.61.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The company had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.43 billion. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. Dominion Energy’s revenue was up 23.1% on a year-over-year basis. During the same period last year, the company posted $0.93 EPS. 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 3.59 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 20th. Shareholders of record on Friday, May 29th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.0%. Dominion Energy’s payout ratio is 78.99%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on D shares. Bank of America lifted their target price on shares of Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Mizuho lifted their target price on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday. Wells Fargo & Company lifted their target price on shares of Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Royal Bank Of Canada lifted their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Finally, Barclays lifted their price target on shares of Dominion Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $67.69.

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.