Rockefeller Capital Management L.P. Buys 73,276 Shares of Dominion Energy Inc. $D

Rockefeller Capital Management L.P. grew its stake in shares of Dominion Energy Inc. (NYSE:D) by 39.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 260,507 shares of the utilities provider’s stock after acquiring an additional 73,276 shares during the period. Rockefeller Capital Management L.P.’s holdings in Dominion Energy were worth $15,263,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Wellington Management Group LLP lifted its position in Dominion Energy by 46.2% in the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock valued at $2,633,253,000 after acquiring an additional 14,197,581 shares in the last quarter. Norges Bank bought a new stake in shares of Dominion Energy in the 4th quarter worth $655,142,000. Capital Research Global Investors raised its stake in shares of Dominion Energy by 22.4% in the third quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock worth $3,355,175,000 after purchasing an additional 10,049,691 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in shares of Dominion Energy in the fourth quarter worth $125,495,000. Finally, State Street Corp lifted its holdings in shares of Dominion Energy by 3.6% during the fourth quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock valued at $2,848,662,000 after purchasing an additional 1,686,050 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on D. Morgan Stanley reduced their price objective on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Wall Street Zen cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Jefferies Financial Group raised shares of Dominion Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $65.00 to $76.00 in a report on Thursday, May 28th. Weiss Ratings upgraded shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Finally, Royal Bank Of Canada increased 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 report on Tuesday, May 19th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $67.62.

Dominion Energy Stock Up 0.7%

D stock opened at $68.54 on Wednesday. The company has a market cap of $60.28 billion, a price-to-earnings ratio of 20.28 and a beta of 0.65. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.78. The business’s 50-day moving average is $65.10 and its two-hundred day moving average is $62.61. Dominion Energy Inc. has a fifty-two week low of $54.79 and a fifty-two week high of $69.28.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.43 billion. During the same period in the previous year, the company posted $0.93 EPS. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, analysts forecast that Dominion Energy Inc. will post 3.59 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 20th. Shareholders of record on Friday, May 29th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Friday, May 29th. Dominion Energy’s dividend payout ratio is currently 78.99%.

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.