Sumitomo Mitsui Trust Group Inc. Increases Holdings in Dominion Energy Inc. $D

Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Dominion Energy Inc. (NYSE:D) by 1.5% during the third quarter, HoldingsChannel.com reports. The firm owned 2,072,525 shares of the utilities provider’s stock after buying an additional 30,755 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Dominion Energy were worth $126,776,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in D. Vanguard Group Inc. lifted its holdings in shares of Dominion Energy by 16.2% in the second quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock worth $5,979,551,000 after buying an additional 14,715,895 shares in the last quarter. Norges Bank bought a new stake in Dominion Energy during the 2nd quarter worth approximately $566,924,000. State Street Corp lifted its stake in Dominion Energy by 2.9% in the 2nd quarter. State Street Corp now owns 46,341,408 shares of the utilities provider’s stock worth $2,619,216,000 after purchasing an additional 1,313,621 shares in the last quarter. London Co. of Virginia boosted its holdings in Dominion Energy by 30.9% in the 2nd quarter. London Co. of Virginia now owns 4,965,699 shares of the utilities provider’s stock valued at $280,662,000 after purchasing an additional 1,172,445 shares during the period. Finally, Aviva PLC grew its position in shares of Dominion Energy by 124.1% during the 2nd quarter. Aviva PLC now owns 1,314,778 shares of the utilities provider’s stock valued at $74,311,000 after purchasing an additional 728,080 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 1.0%

D opened at $58.96 on Wednesday. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.87. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41. The business’s 50-day moving average price is $59.75 and its 200-day moving average price is $59.73. The company has a market cap of $50.35 billion, a P/E ratio of 20.05, a P/E/G ratio of 1.58 and a beta of 0.72.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.04. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same period last year, the company earned $0.98 EPS. Dominion Energy’s revenue for the quarter was up 14.9% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. On average, equities analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, December 20th. Shareholders of record on Friday, December 5th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, December 5th. Dominion Energy’s dividend payout ratio (DPR) is 90.82%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on D. JPMorgan Chase & Co. dropped their price objective on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a research note on Thursday, December 11th. Barclays raised their target price on shares of Dominion Energy from $63.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research report on Monday, December 29th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $70.00 price target on shares of Dominion Energy in a report on Tuesday, October 28th. Finally, Morgan Stanley raised their price objective on shares of Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. Two 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’s stock. According to data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $64.78.

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.