The Manufacturers Life Insurance Company Takes Position in Dominion Energy Inc. $D

The Manufacturers Life Insurance Company purchased a new stake in Dominion Energy Inc. (NYSE:D) during the second quarter, HoldingsChannel.com reports. The firm purchased 1,077,536 shares of the utilities provider’s stock, valued at approximately $73,585,000.

Several other large investors have also recently bought and sold shares of the business. Bryn Mawr Trust Advisors LLC acquired a new position in Dominion Energy during the second quarter worth about $7,346,000. Ausbil Investment Management Ltd acquired a new stake in shares of Dominion Energy during the 2nd quarter valued at approximately $4,603,000. North Dakota State Investment Board acquired a new stake in shares of Dominion Energy during the 4th quarter valued at approximately $1,715,000. Florida Trust Wealth Management Co boosted its stake in shares of Dominion Energy by 51.6% during the 2nd quarter. Florida Trust Wealth Management Co now owns 67,185 shares of the utilities provider’s stock worth $4,588,000 after acquiring an additional 22,870 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Dominion Energy during the 2nd quarter worth approximately $7,645,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

NYSE:D opened at $66.94 on Wednesday. The firm has a market cap of $58.87 billion, a price-to-earnings ratio of 23.32 and a beta of 0.65. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43. The company’s 50-day moving average is $69.16 and its two-hundred day moving average is $65.72. Dominion Energy Inc. has a 12-month low of $55.85 and a 12-month high of $72.99.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same quarter last year, the business earned $0.75 earnings per share. Dominion Energy’s revenue was up 17.6% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Research analysts expect that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy’s dividend payout ratio is presently 93.03%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dominion Energy in a research note on Wednesday, August 19th. Barclays decreased their target price on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. Morgan Stanley lowered their target price on Dominion Energy from $71.00 to $68.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Wells Fargo & Company lifted their price target on Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Finally, Jefferies Financial Group upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $65.00 to $76.00 in a research report on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $69.93.

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.