Van ECK Associates Corp Buys 87,301 Shares of Dominion Energy Inc. $D

Van ECK Associates Corp boosted its stake in Dominion Energy Inc. (NYSE:D) by 25.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 435,621 shares of the utilities provider’s stock after buying an additional 87,301 shares during the quarter. Van ECK Associates Corp’s holdings in Dominion Energy were worth $29,749,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Dominion Energy in the 2nd quarter worth approximately $4,986,439,000. Bank of America Corp DE bought a new stake in shares of Dominion Energy during the second quarter valued at approximately $996,984,000. Wellington Management Group LLP boosted its position in shares of Dominion Energy by 46.2% during the fourth quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock valued at $2,633,253,000 after purchasing an additional 14,197,581 shares in the last quarter. Norges Bank purchased a new stake in Dominion Energy in the fourth quarter worth $655,142,000. Finally, Bank of New York Mellon Corp purchased a new stake in Dominion Energy in the second quarter worth $697,388,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on D shares. Morgan Stanley lowered their price objective on Dominion Energy from $71.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. UBS Group set a $80.00 target price on shares of Dominion Energy in a research report on Wednesday, August 19th. Seaport Research Partners lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Jefferies Financial Group upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and lifted their target price for the company from $65.00 to $76.00 in a report on Thursday, May 28th. Finally, Truist Financial lowered their price target on Dominion Energy from $68.00 to $66.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $69.93.

Dominion Energy Trading Down 0.1%

D stock opened at $65.50 on Monday. The firm has a fifty day moving average price of $69.03 and a 200 day moving average price of $65.80. Dominion Energy Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $72.99. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. The firm has a market cap of $57.61 billion, a PE ratio of 22.82 and a beta of 0.65.

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

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy’s payout ratio is currently 93.03%.

Dominion Energy Company 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.