Pensionfund Sabic Purchases Shares of 24,400 Dominion Energy Inc. $D

Pensionfund Sabic purchased a new position in shares of Dominion Energy Inc. (NYSE:DFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 24,400 shares of the utilities provider’s stock, valued at approximately $1,430,000.

Several other institutional investors have also recently added to or reduced their stakes in D. CoreFirst Bank & Trust purchased a new stake in shares of Dominion Energy in the 2nd quarter valued at about $25,000. Triumph Capital Management purchased a new stake in shares of Dominion Energy in the third quarter valued at about $28,000. United Community Bank purchased a new stake in Dominion Energy in the 3rd quarter valued at approximately $29,000. JPL Wealth Management LLC acquired a new position in shares of Dominion Energy during the 3rd quarter worth $30,000. Finally, Hanson & Doremus Investment Management acquired a new position in Dominion Energy during the third quarter worth $31,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy News Roundup

Here are the key news stories impacting Dominion Energy this week:

Dominion Energy Stock Performance

Shares of D stock opened at $60.26 on Wednesday. The stock’s 50-day moving average is $62.45 and its two-hundred day moving average is $60.87. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $67.57. The firm has a market cap of $52.97 billion, a P/E ratio of 17.52, a PEG ratio of 1.62 and a beta of 0.71. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.77 and a quick ratio of 0.59.

Dominion Energy (NYSE:DGet Free Report) last posted its earnings results on Monday, February 23rd. The utilities provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01. Dominion Energy had a return on equity of 9.67% and a net margin of 18.05%.The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the company earned $0.58 earnings per share. The business’s revenue was up 20.4% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, February 27th were paid a $0.6675 dividend. The ex-dividend date was Friday, February 27th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. Dominion Energy’s dividend payout ratio is currently 77.62%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on D shares. TD Cowen assumed coverage on Dominion Energy in a report on Friday, January 9th. They set a “hold” rating and a $65.00 price objective on the stock. Barclays dropped their target price on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Wells Fargo & Company dropped their price target on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. JPMorgan Chase & Co. cut their price target on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a report on Thursday, December 11th. Finally, Weiss Ratings raised shares of Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $65.20.

Get Our Latest Stock Analysis on Dominion Energy

About Dominion Energy

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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