Pictet Asset Management Holding SA Purchases 222,993 Shares of Dominion Energy Inc. $D

Pictet Asset Management Holding SA boosted its stake in Dominion Energy Inc. (NYSE:D) by 14.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,812,766 shares of the utilities provider’s stock after purchasing an additional 222,993 shares during the period. Pictet Asset Management Holding SA owned about 0.21% of Dominion Energy worth $112,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Motiv8 Investments LLC purchased a new position in shares of Dominion Energy during the fourth quarter valued at approximately $25,000. Triumph Capital Management bought a new position in Dominion Energy during the 3rd quarter valued at about $28,000. Blueline Advisors LLC purchased a new stake in Dominion Energy in the fourth quarter worth approximately $28,000. Costello Asset Management INC grew its holdings in shares of Dominion Energy by 66.7% in the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 200 shares during the period. Finally, Advocate Investing Services LLC purchased a new stake in Dominion Energy during the fourth quarter valued at $29,000. Institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

D has been the topic of several analyst reports. Barclays lowered their target price on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. Wall Street Zen cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Truist Financial decreased their target price on Dominion Energy from $67.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. Scotiabank lifted their price objective on Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a research note on Monday, March 2nd. Finally, Morgan Stanley reduced their target price on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus price target of $67.62.

Dominion Energy Stock Up 0.0%

Shares of D opened at $69.40 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38. The business has a fifty day moving average of $65.48 and a 200 day moving average of $62.83. The company has a market cap of $61.03 billion, a PE ratio of 20.53 and a beta of 0.65. Dominion Energy Inc. has a 52-week low of $55.14 and a 52-week high of $70.17.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The business had revenue of $5.02 billion for 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%. The business’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, sell-side analysts expect that Dominion Energy Inc. will post 3.59 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 20th. Shareholders of record on Friday, May 29th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.67 annualized dividend and a yield of 3.8%. Dominion Energy’s dividend payout ratio (DPR) is presently 78.99%.

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.