901,926 Shares in Dominion Energy Inc. $D Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board acquired a new stake in Dominion Energy Inc. (NYSE:D) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 901,926 shares of the utilities provider’s stock, valued at approximately $61,593,000.

Several other institutional investors and hedge funds have also bought and sold shares of D. Kinloch Capital LLC bought a new stake in shares of Dominion Energy in the second quarter valued at $337,000. Legal & General Group Plc bought a new position in shares of Dominion Energy during the 2nd quarter worth $467,353,000. The Manufacturers Life Insurance Company purchased a new stake in Dominion Energy in the 2nd quarter worth about $73,585,000. Paradigm Capital Management LLC NV purchased a new stake in Dominion Energy in the 2nd quarter worth about $951,000. Finally, Fiduciary Financial Advisors bought a new stake in Dominion Energy in the 2nd quarter valued at about $42,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

NYSE:D opened at $66.48 on Friday. The stock has a market cap of $58.47 billion, a P/E ratio of 23.16 and a beta of 0.65. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.43. The business’s 50-day moving average price is $69.09 and its two-hundred day moving average price is $65.78. Dominion Energy Inc. has a twelve month low of $55.85 and a twelve month high of $72.99.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.04 billion. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.Dominion Energy’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, equities analysts predict that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy’s payout ratio is currently 93.03%.

Wall Street Analysts Forecast Growth

Several research firms have commented on D. BMO Capital Markets upped their price objective on shares of Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Dominion Energy in a research report on Wednesday, August 19th. Wells Fargo & Company upped their price target on shares of Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Truist Financial cut their price objective on shares of Dominion Energy from $68.00 to $66.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Finally, Seaport Research Partners lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Five equities research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $69.93.

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.