OMERS ADMINISTRATION Corp Purchases New Shares in Dominion Energy Inc. $D

OMERS ADMINISTRATION Corp purchased a new position in shares of Dominion Energy Inc. (NYSE:D) during the second quarter, HoldingsChannel reports. The fund purchased 83,158 shares of the utilities provider’s stock, valued at approximately $5,679,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. bought a new stake in Dominion Energy in the 2nd quarter valued at about $4,986,439,000. Wellington Management Group LLP increased its holdings in shares of 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 period. Norges Bank bought a new position in shares of Dominion Energy during the fourth quarter worth approximately $655,142,000. Bank of New York Mellon Corp acquired a new stake in shares of Dominion Energy in the second quarter valued at approximately $697,388,000. Finally, Capital Research Global Investors raised its position in shares of Dominion Energy by 9.0% in the fourth 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. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

Dominion Energy stock opened at $66.60 on Tuesday. The stock has a 50-day moving average price of $69.19 and a two-hundred day moving average price of $65.69. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43. Dominion Energy Inc. has a 12 month low of $55.85 and a 12 month high of $72.99. The company has a market capitalization of $58.58 billion, a PE ratio of 23.21 and a beta of 0.65.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Analysts expect that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, September 4th. Dominion Energy’s dividend payout ratio is presently 93.03%.

Wall Street Analysts Forecast Growth

D has been the topic of a number of analyst reports. Wells Fargo & Company increased their price target on Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Morgan Stanley dropped their price objective on Dominion Energy from $71.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday. Seaport Research Partners downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Jefferies Financial Group raised Dominion Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $65.00 to $76.00 in a report on Thursday, May 28th. Finally, Barclays decreased their target price on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $69.93.

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.