PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in Dominion Energy Inc. (NYSE:D – Free Report) by 298.6% during the second quarter, HoldingsChannel reports. The firm owned 479,440 shares of the utilities provider’s stock after acquiring an additional 359,170 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Dominion Energy were worth $32,741,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Dominion Energy by 64.3% during the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after purchasing an additional 3,553 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Dominion Energy by 8.3% in the 1st quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock valued at $985,000 after acquiring an additional 1,344 shares during the period. Woodline Partners LP lifted its holdings in shares of Dominion Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock worth $3,979,000 after acquiring an additional 20,522 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of Dominion Energy by 71.2% during the 1st quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock worth $1,708,000 after purchasing an additional 12,663 shares during the period. Finally, Schnieders Capital Management LLC. boosted its position in shares of Dominion Energy by 9.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider’s stock worth $7,041,000 after purchasing an additional 10,775 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.
Dominion Energy Stock Down 2.2%
Shares of NYSE D opened at $66.73 on Friday. The business has a 50-day moving average price of $68.87 and a 200 day moving average price of $65.07. The stock has a market cap of $58.69 billion, a PE ratio of 23.25 and a beta of 0.65. The company has a quick ratio of 0.61, a current ratio of 0.81 and a debt-to-equity ratio of 1.43. Dominion Energy Inc. has a 52-week low of $55.85 and a 52-week high of $72.99.
Dominion Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, September 4th. Dominion Energy’s payout ratio is presently 93.03%.
Key Headlines Impacting Dominion Energy
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Virginia Gov. Abigail Spanberger’s intervention could give the state greater influence over the merger’s terms, including protections for customers, jobs and the financial interests of Virginia. The deal remains subject to review by the State Corporation Commission. Gov. Spanberger to intervene in NextEra Energy and Dominion merger
- Neutral Sentiment: A regulatory timeline has been established for the landmark Dominion-NextEra transaction, providing investors with more visibility into the approval process, although final terms and timing remain uncertain. Timeline set for landmark Dominion-NextEra Energy merger
- Neutral Sentiment: Options-market activity is drawing attention to the possibility of a larger move in D shares, but options positioning is speculative and does not establish a fundamental catalyst. Is the Options Market Predicting a Spike in Dominion Energy Stock?
- Neutral Sentiment: A commission order requires Dominion to develop a plan for allocating data-center-related costs. The initiative may support the company’s ability to serve rapidly growing electricity demand, but it also raises the prospect of additional scrutiny over who pays for infrastructure investments. Commission orders Dominion to develop data center cost plan
- Negative Sentiment: Dominion reportedly faces as much as $800 million in tariffs on Siemens Gamesa wind turbines and related components. If not recovered through rates or otherwise mitigated, the added costs could pressure project economics, cash flow and returns. Dominion faces $800m Trump tariff bill
- Negative Sentiment: Spanberger’s unprecedented decision to formally intervene creates another hurdle for the merger and increases the risk of delays, tougher conditions or changes to the transaction’s expected benefits. Spanberger takes unprecedented step to intervene in $67B Dominion-NextEra merger
Analyst Upgrades and Downgrades
Several research analysts have recently commented on D shares. Wall Street Zen lowered Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Seaport Research Partners cut Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Barclays dropped their target price on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a research report on Tuesday, June 23rd. Bank of America increased their price target on shares of Dominion Energy from $63.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Finally, BMO Capital Markets raised their price objective on shares of Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $68.00.
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.
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