National Pension Service Acquires 58,860 Shares of Dominion Energy Inc. $D

National Pension Service increased its holdings in shares of Dominion Energy Inc. (NYSE:D) by 5.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,169,334 shares of the utilities provider’s stock after buying an additional 58,860 shares during the quarter. National Pension Service’s holdings in Dominion Energy were worth $68,511,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Conning Inc. lifted its holdings in Dominion Energy by 0.5% during the fourth quarter. Conning Inc. now owns 33,217 shares of the utilities provider’s stock worth $1,946,000 after acquiring an additional 176 shares during the period. Castle Rock Wealth Management LLC lifted its holdings in Dominion Energy by 2.6% during the fourth quarter. Castle Rock Wealth Management LLC now owns 6,885 shares of the utilities provider’s stock worth $422,000 after acquiring an additional 177 shares during the period. Mather Group LLC. lifted its holdings in Dominion Energy by 3.4% during the fourth quarter. Mather Group LLC. now owns 5,400 shares of the utilities provider’s stock worth $316,000 after acquiring an additional 178 shares during the period. Howard Capital Management Inc. lifted its holdings in Dominion Energy by 3.3% during the third quarter. Howard Capital Management Inc. now owns 5,659 shares of the utilities provider’s stock worth $346,000 after acquiring an additional 180 shares during the period. Finally, Redwood Investment Management LLC lifted its holdings in Dominion Energy by 0.6% during the second quarter. Redwood Investment Management LLC now owns 31,778 shares of the utilities provider’s stock worth $1,796,000 after acquiring an additional 183 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on D. Morgan Stanley dropped their price target on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Jefferies Financial Group upgraded Dominion Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $76.00 in a report on Thursday. Mizuho boosted their target price on Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday. Bank of America boosted their target price on Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Finally, Seaport Research Partners lowered Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $67.69.

Dominion Energy Stock Performance

Shares of D opened at $66.95 on Friday. The firm has a market cap of $58.88 billion, a PE ratio of 19.81 and a beta of 0.65. The stock’s fifty day moving average price is $63.28 and its two-hundred day moving average price is $61.90. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.78 and a quick ratio of 0.61. Dominion Energy Inc. has a 1 year low of $53.36 and a 1 year high of $68.97.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.43 billion. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The business’s revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, equities research analysts forecast that Dominion Energy Inc. will post 3.59 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 20th. Shareholders of record on Friday, May 29th will be paid a $0.6675 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.0%. Dominion Energy’s payout ratio is presently 78.99%.

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.