Legal & General Group Plc Invests $467.35 Million in Dominion Energy Inc. $D

Legal & General Group Plc bought a new stake in Dominion Energy Inc. (NYSE:D) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,843,654 shares of the utilities provider’s stock, valued at approximately $467,353,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in D. Cornerstone Planning LLC increased its position in Dominion Energy by 0.9% in the 2nd quarter. Cornerstone Planning LLC now owns 17,280 shares of the utilities provider’s stock valued at $1,180,000 after acquiring an additional 157 shares in the last quarter. Capital Analysts LLC lifted its position in shares of Dominion Energy by 2.4% during the fourth quarter. Capital Analysts LLC now owns 6,651 shares of the utilities provider’s stock worth $390,000 after purchasing an additional 157 shares in the last quarter. Arlington Trust Co LLC lifted its position in shares of Dominion Energy by 47.1% during the second quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 160 shares in the last quarter. Navalign LLC grew its stake in shares of Dominion Energy by 1.2% during the first quarter. Navalign LLC now owns 14,229 shares of the utilities provider’s stock valued at $880,000 after purchasing an additional 162 shares during the last quarter. Finally, Conning Inc. increased its holdings in shares of Dominion Energy by 0.5% in the fourth quarter. Conning Inc. now owns 33,217 shares of the utilities provider’s stock valued at $1,946,000 after purchasing an additional 176 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of D stock opened at $66.94 on Wednesday. Dominion Energy Inc. has a 52-week low of $55.85 and a 52-week high of $72.99. The stock has a market cap of $58.87 billion, a PE ratio of 23.32 and a beta of 0.65. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. The firm’s 50 day moving average price is $69.16 and its two-hundred day moving average price is $65.72.

Dominion Energy (NYSE:D) last released its earnings results on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The firm had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 EPS. 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 3.57 EPS for the current year.

Dominion Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on D. Morgan Stanley dropped their price objective on shares of Dominion Energy from $71.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Dominion Energy in a research note on Wednesday, August 19th. Royal Bank Of Canada boosted their target price on Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Truist Financial cut their price target on Dominion Energy from $68.00 to $66.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. Finally, TD Cowen upgraded Dominion Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $69.00 to $80.00 in a report on Wednesday, August 19th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus target price 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.