Dominion Energy Inc. $D Stake Cut by Legal & General Group Plc

Legal & General Group Plc cut its stake in Dominion Energy Inc. (NYSE:D) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,577,210 shares of the utilities provider’s stock after selling 135,768 shares during the period. Legal & General Group Plc’s holdings in Dominion Energy were worth $443,949,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in D. Brighton Jones LLC increased its position in Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after buying an additional 3,553 shares during the period. Empowered Funds LLC increased its position in Dominion Energy by 8.3% in the first quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock worth $985,000 after buying an additional 1,344 shares during the period. Woodline Partners LP increased its position in Dominion Energy by 40.7% in the first quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock worth $3,979,000 after buying an additional 20,522 shares during the period. Intech Investment Management LLC increased its position in Dominion Energy by 71.2% in the first quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock worth $1,708,000 after buying an additional 12,663 shares during the period. Finally, Schnieders Capital Management LLC. increased its position in Dominion Energy by 9.5% in the second quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider’s stock worth $7,041,000 after buying an additional 10,775 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on D. Royal Bank Of Canada increased their target price on Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Bank of America increased their target price on Dominion Energy from $63.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Scotiabank increased their target price on Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Jefferies Financial Group raised their price target on Dominion Energy from $60.00 to $65.00 and gave the company a “hold” rating in a report on Friday, April 10th. Finally, Wells Fargo & Company raised their price target on Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $66.46.

Dominion Energy Price Performance

Shares of D opened at $67.77 on Tuesday. The firm has a market capitalization of $59.60 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 3.56 and a beta of 0.65. 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 stock’s fifty day moving average is $62.94 and its 200-day moving average is $61.72.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same period last year, the company earned $0.93 earnings per share. The company’s quarterly revenue 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. Equities analysts anticipate that Dominion Energy Inc. will post 3.59 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 20th. Investors of record on Friday, May 29th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.67 annualized dividend and a yield of 3.9%. Dominion Energy’s dividend payout ratio (DPR) is currently 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.