Securian Asset Management Inc. Sells 17,996 Shares of Dominion Energy Inc. $D

Securian Asset Management Inc. trimmed its position in shares of Dominion Energy Inc. (NYSE:D) by 43.7% during the 4th quarter, Holdings Channel reports. The firm owned 23,219 shares of the utilities provider’s stock after selling 17,996 shares during the period. Securian Asset Management Inc.’s holdings in Dominion Energy were worth $1,360,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AustralianSuper Pty Ltd raised its position in shares of Dominion Energy by 1,785.9% during the 3rd quarter. AustralianSuper Pty Ltd now owns 519,100 shares of the utilities provider’s stock valued at $31,753,000 after purchasing an additional 491,574 shares during the period. Kera Capital Partners Inc. bought a new stake in shares of Dominion Energy during the 3rd quarter valued at $3,574,000. Vanguard Group Inc. raised its position in shares of Dominion Energy by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 106,158,920 shares of the utilities provider’s stock valued at $6,493,741,000 after purchasing an additional 363,610 shares during the period. ANTIPODES PARTNERS Ltd raised its position in shares of Dominion Energy by 84,502.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,735,194 shares of the utilities provider’s stock valued at $106,150,000 after purchasing an additional 1,733,143 shares during the period. Finally, Citigroup Inc. raised its position in shares of Dominion Energy by 36.7% during the 3rd quarter. Citigroup Inc. now owns 2,422,315 shares of the utilities provider’s stock valued at $148,173,000 after purchasing an additional 649,989 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Bank of America raised their target price on shares of Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Truist Financial assumed coverage on shares of Dominion Energy in a research note on Tuesday, April 21st. They set a “hold” rating and a $67.00 target price for the company. Barclays raised their target price on shares of Dominion Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Scotiabank raised their target price on shares of Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Finally, Wells Fargo & Company cut their target price on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $66.00.

Dominion Energy Stock Performance

D opened at $62.93 on Wednesday. The stock has a market capitalization of $55.34 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 3.29 and a beta of 0.65. The company has a fifty day moving average of $62.36 and a 200 day moving average of $61.32. Dominion Energy Inc. has a fifty-two week low of $52.53 and a fifty-two week high of $67.57. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.78.

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

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 20th. Investors of record on Friday, May 29th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.2%. Dominion Energy’s payout ratio is currently 78.99%.

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.