London Co. of Virginia Raises Stock Holdings in Dominion Energy Inc. $D

London Co. of Virginia raised its stake in shares of Dominion Energy Inc. (NYSE:D) by 30.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,965,699 shares of the utilities provider’s stock after acquiring an additional 1,172,445 shares during the period. Dominion Energy makes up approximately 1.6% of London Co. of Virginia’s holdings, making the stock its 24th biggest position. London Co. of Virginia owned approximately 0.58% of Dominion Energy worth $280,662,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Benjamin Edwards Inc. lifted its position in Dominion Energy by 79.9% during the second quarter. Benjamin Edwards Inc. now owns 18,248 shares of the utilities provider’s stock valued at $1,031,000 after purchasing an additional 8,102 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Dominion Energy by 30.6% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 32,049 shares of the utilities provider’s stock valued at $1,811,000 after buying an additional 7,502 shares during the period. Brevan Howard Capital Management LP purchased a new position in shares of Dominion Energy in the 2nd quarter worth $565,000. Adage Capital Partners GP L.L.C. purchased a new position in shares of Dominion Energy in the 2nd quarter worth $1,052,000. Finally, California State Teachers Retirement System grew its holdings in shares of Dominion Energy by 1.5% in the second quarter. California State Teachers Retirement System now owns 1,017,453 shares of the utilities provider’s stock worth $57,506,000 after acquiring an additional 15,382 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on D shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Dominion Energy in a research report on Monday. Wells Fargo & Company began coverage on shares of Dominion Energy in a research note on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 price objective on the stock. Royal Bank Of Canada reissued a “sector perform” rating and issued a $70.00 price objective on shares of Dominion Energy in a report on Tuesday, October 28th. BTIG Research started coverage on shares of Dominion Energy in a research report on Wednesday, October 22nd. They set a “neutral” rating for the company. Finally, BMO Capital Markets reduced their target price on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $64.63.

Dominion Energy Stock Performance

Shares of D opened at $59.23 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41. The firm has a market cap of $50.58 billion, a PE ratio of 20.15, a P/E/G ratio of 1.67 and a beta of 0.70. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.87. The stock has a fifty day moving average price of $60.51 and a 200-day moving average price of $59.18.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.04. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.71 billion. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 EPS. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Equities research analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 20th. Investors of record on Friday, December 5th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, December 5th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.82%.

Dominion Energy Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.