Dominion Energy Inc. $D Shares Acquired by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd lifted its position in Dominion Energy Inc. (NYSE:D) by 6.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 728,790 shares of the utilities provider’s stock after buying an additional 45,237 shares during the quarter. Swiss Life Asset Management Ltd owned approximately 0.09% of Dominion Energy worth $44,580,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of D. Lantern Wealth Advisors LLC lifted its position in shares of Dominion Energy by 60.5% during the third quarter. Lantern Wealth Advisors LLC now owns 8,034 shares of the utilities provider’s stock worth $491,000 after purchasing an additional 3,029 shares in the last quarter. Vermillion & White Wealth Management Group LLC grew its holdings in shares of Dominion Energy by 417.3% in the third quarter. Vermillion & White Wealth Management Group LLC now owns 1,257 shares of the utilities provider’s stock valued at $77,000 after purchasing an additional 1,014 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Dominion Energy in the third quarter valued at approximately $7,201,000. Sunbelt Securities Inc. increased its stake in Dominion Energy by 5.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,531 shares of the utilities provider’s stock worth $461,000 after buying an additional 421 shares during the period. Finally, Coldstream Capital Management Inc. lifted its holdings in Dominion Energy by 2.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 26,199 shares of the utilities provider’s stock worth $1,603,000 after buying an additional 559 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on D. Mizuho raised their price target on shares of Dominion Energy from $62.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. JPMorgan Chase & Co. reduced their price objective on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research note on Thursday, December 11th. TD Cowen began coverage on Dominion Energy in a report on Friday, January 9th. They issued a “hold” rating and a $65.00 target price for the company. Scotiabank lifted their target price on Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Finally, Weiss Ratings raised Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $64.73.

Dominion Energy Stock Down 1.2%

Shares of Dominion Energy stock opened at $62.25 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.77 and a debt-to-equity ratio of 1.36. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $67.57. The company has a market capitalization of $54.70 billion, a P/E ratio of 18.10, a P/E/G ratio of 1.71 and a beta of 0.71. The company has a 50 day moving average of $62.30 and a 200 day moving average of $60.83.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Monday, February 23rd. The utilities provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.65 billion. Dominion Energy had a net margin of 18.05% and a return on equity of 9.67%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 EPS. 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 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be paid a $0.6675 dividend. The ex-dividend date is Friday, February 27th. This represents a $2.67 dividend on an annualized basis and a yield of 4.3%. Dominion Energy’s dividend payout ratio (DPR) is currently 77.62%.

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.