Cohen & Steers Inc. Raises Position in Dominion Energy Inc. $D

Cohen & Steers Inc. lifted its stake in shares of Dominion Energy Inc. (NYSE:D) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,101,859 shares of the utilities provider’s stock after purchasing an additional 127,686 shares during the period. Cohen & Steers Inc. owned 0.36% of Dominion Energy worth $181,738,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of D. Triumph Capital Management purchased a new stake in shares of Dominion Energy during the 3rd quarter worth approximately $28,000. Blueline Advisors LLC purchased a new position in Dominion Energy in the 4th quarter valued at approximately $28,000. Costello Asset Management INC grew its stake in Dominion Energy by 66.7% in the 4th quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. Advocate Investing Services LLC purchased a new position in Dominion Energy in the 4th quarter valued at approximately $29,000. Finally, JPL Wealth Management LLC purchased a new position in Dominion Energy in the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 1.8%

D opened at $67.89 on Friday. The company has a market cap of $59.71 billion, a P/E ratio of 20.09 and a beta of 0.65. The business’s 50-day moving average price is $64.37 and its 200-day moving average price is $62.27. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. Dominion Energy Inc. has a 12 month low of $53.36 and a 12 month high of $68.97.

Dominion Energy (NYSE:D) last released 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. The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.43 billion. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The company’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, equities analysts expect that Dominion Energy Inc. will post 3.59 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 20th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, May 29th. Dominion Energy’s dividend payout ratio is 78.99%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada lifted 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. Barclays lifted their price objective on shares of Dominion Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Scotiabank lifted their price objective on shares of Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Morgan Stanley cut their price target on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Finally, Wells Fargo & Company raised their price target on shares of Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus 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.