Connor Clark & Lunn Investment Management Ltd. Invests $3.53 Million in Dominion Energy Inc. $D

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Dominion Energy Inc. (NYSE:D) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 51,691 shares of the utilities provider’s stock, valued at approximately $3,530,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Motiv8 Investments LLC bought a new position in shares of Dominion Energy during the fourth quarter valued at $25,000. Triumph Capital Management bought a new stake in Dominion Energy during the 3rd quarter valued at about $28,000. Blueline Advisors LLC purchased a new position in Dominion Energy in the fourth quarter worth about $28,000. Costello Asset Management INC raised its holdings in Dominion Energy by 66.7% in the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock worth $29,000 after buying an additional 200 shares during the last quarter. Finally, Advocate Investing Services LLC bought a new position in shares of Dominion Energy in the fourth quarter worth approximately $29,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on D shares. UBS Group set a $80.00 price objective on shares of Dominion Energy in a report on Wednesday, August 19th. Morgan Stanley cut their target price on Dominion Energy from $71.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dominion Energy in a report on Wednesday, August 19th. TD Cowen raised Dominion Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $69.00 to $80.00 in a research report on Wednesday, August 19th. Finally, Barclays decreased 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. Five 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. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $69.93.

Dominion Energy Stock Performance

D stock opened at $65.50 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. Dominion Energy Inc. has a 1 year low of $55.85 and a 1 year high of $72.99. The company has a market cap of $57.61 billion, a P/E ratio of 22.82 and a beta of 0.65. The stock’s fifty day moving average price is $69.03 and its 200-day moving average price is $65.78.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.04 billion. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.Dominion Energy’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, equities analysts forecast that Dominion Energy Inc. will post 3.57 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.1%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.03%.

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.