Franklin Resources Inc. Has $574.62 Million Stock Position in Dominion Energy Inc. $D

Franklin Resources Inc. lessened its holdings in shares of Dominion Energy Inc. (NYSE:D) by 8.8% during the third quarter, Holdings Channel.com reports. The firm owned 9,393,800 shares of the utilities provider’s stock after selling 901,955 shares during the quarter. Franklin Resources Inc.’s holdings in Dominion Energy were worth $574,619,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of D. Barnes Wealth Management Group Inc raised its position in Dominion Energy by 4.4% during the 2nd quarter. Barnes Wealth Management Group Inc now owns 3,970 shares of the utilities provider’s stock worth $224,000 after purchasing an additional 169 shares during the last quarter. Sovereign Financial Group Inc. lifted its holdings in Dominion Energy by 1.2% during the 3rd quarter. Sovereign Financial Group Inc. now owns 14,138 shares of the utilities provider’s stock worth $865,000 after buying an additional 169 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in shares of Dominion Energy by 0.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 39,145 shares of the utilities provider’s stock valued at $2,394,000 after buying an additional 169 shares during the last quarter. Howard Capital Management Inc. increased its stake in shares of Dominion Energy by 3.3% in the third quarter. Howard Capital Management Inc. now owns 5,659 shares of the utilities provider’s stock valued at $346,000 after buying an additional 180 shares during the period. Finally, Robinson Value Management Ltd. increased its stake in shares of Dominion Energy by 0.3% in the third quarter. Robinson Value Management Ltd. now owns 70,438 shares of the utilities provider’s stock valued at $4,309,000 after buying an additional 183 shares during the period. Institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. TD Cowen initiated coverage on Dominion Energy in a research note on Friday, January 9th. They issued a “hold” rating and a $65.00 price objective on the stock. Scotiabank boosted their price target on shares of Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Wells Fargo & Company decreased their price objective on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Mizuho boosted their target price on shares of Dominion Energy from $62.00 to $66.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Finally, Barclays cut their price target on shares of Dominion Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $64.73.

Dominion Energy Price Performance

Shares of D opened at $62.20 on Thursday. The firm has a market cap of $54.66 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.70 and a beta of 0.71. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $67.57. The business’s 50 day moving average price is $61.85 and its two-hundred day moving average price is $60.73. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 0.77.

Dominion Energy (NYSE:D) last released its quarterly earnings data 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 net margin of 18.05% and a return on equity of 9.67%. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the business posted $0.58 EPS. Dominion Energy’s revenue for the quarter 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. On average, equities analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The business 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. This represents a $2.67 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, February 27th. Dominion Energy’s payout ratio is 77.62%.

Dominion Energy Profile

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.