Dominion Energy Inc. $D Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lessened its stake in shares of Dominion Energy Inc. (NYSE:D) by 6.8% in the 4th quarter, Holdings Channel reports. The firm owned 811,383 shares of the utilities provider’s stock after selling 59,169 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Dominion Energy were worth $47,539,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of D. Capital Research Global Investors raised its position in shares of Dominion Energy by 22.4% during the 3rd quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock worth $3,355,175,000 after purchasing an additional 10,049,691 shares during the last quarter. ANTIPODES PARTNERS Ltd grew its stake in Dominion Energy by 84,502.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,735,194 shares of the utilities provider’s stock valued at $106,150,000 after acquiring an additional 1,733,143 shares in the last quarter. Wellington Management Group LLP grew 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 in the last quarter. Invesco Ltd. grew its stake in Dominion Energy by 10.8% during the 3rd quarter. Invesco Ltd. now owns 11,545,003 shares of the utilities provider’s stock valued at $706,208,000 after acquiring an additional 1,129,130 shares in the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich purchased a new stake in Dominion Energy during the 3rd quarter valued at about $65,230,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of D stock opened at $66.95 on Friday. The firm’s 50 day moving average price is $63.28 and its 200-day moving average price is $61.90. 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 Inc. has a one year low of $53.36 and a one year high of $68.97. The firm has a market cap of $58.88 billion, a P/E ratio of 19.81 and a beta of 0.65.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, May 1st. The utilities provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same period in the prior year, the business posted $0.93 EPS. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, equities research analysts predict that Dominion Energy Inc. will post 3.59 EPS for the current year.

Dominion Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Royal Bank Of Canada upped their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Seaport Research Partners cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Morgan Stanley dropped their price objective on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Weiss Ratings raised shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Finally, Wells Fargo & Company upped their price objective 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. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $67.69.

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.