Dominion Energy Inc. $D Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in shares of Dominion Energy Inc. (NYSE:D) by 14.1% during the second quarter, HoldingsChannel reports. The firm owned 40,867,860 shares of the utilities provider’s stock after selling 6,727,150 shares during the quarter. Wellington Management Group LLP’s holdings in Dominion Energy were worth $2,790,866,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in D. Archer Investment Corp purchased a new stake in shares of Dominion Energy in the second quarter valued at $52,000. Kingsview Wealth Management LLC purchased a new position in Dominion Energy during the second quarter worth about $1,857,000. Beacon Pointe Advisors LLC acquired a new stake in Dominion Energy in the 2nd quarter worth about $3,178,000. Kimelman & Baird LLC acquired a new stake in Dominion Energy in the 2nd quarter worth about $41,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Dominion Energy in the 2nd quarter valued at about $93,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of NYSE:D opened at $65.50 on Friday. The firm has a market capitalization of $57.61 billion, a PE ratio of 22.82 and a beta of 0.65. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. The business has a 50-day moving average of $69.03 and a two-hundred day moving average of $65.78. Dominion Energy Inc. has a 12 month low of $55.85 and a 12 month high of $72.99.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.11. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same period in the previous year, the company posted $0.75 EPS. The company’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. As a group, research 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 declared 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 is Friday, September 4th. This represents a $2.67 annualized dividend and a yield of 4.1%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.03%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Royal Bank Of Canada upped their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Wells Fargo & Company raised their target price on shares of Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Barclays lowered their target price on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Jefferies Financial Group raised shares of Dominion Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $65.00 to $76.00 in a research report on Thursday, May 28th. Finally, Wall Street Zen downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average price target of $69.93.

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.