Huntington National Bank Cuts Stake in Dominion Energy Inc. $D

Huntington National Bank lowered its stake in shares of Dominion Energy Inc. (NYSE:D) by 13.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 82,834 shares of the utilities provider’s stock after selling 12,530 shares during the quarter. Huntington National Bank’s holdings in Dominion Energy were worth $5,067,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Dominion Energy by 0.3% during the third quarter. Vanguard Group Inc. now owns 106,158,920 shares of the utilities provider’s stock valued at $6,493,741,000 after acquiring an additional 363,610 shares in the last quarter. State Street Corp boosted its holdings in shares of Dominion Energy by 2.9% during the 2nd quarter. State Street Corp now owns 46,341,408 shares of the utilities provider’s stock valued at $2,619,216,000 after purchasing an additional 1,313,621 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Dominion Energy by 3.0% during the second quarter. Geode Capital Management LLC now owns 19,725,397 shares of the utilities provider’s stock valued at $1,112,697,000 after purchasing an additional 575,350 shares in the last quarter. Norges Bank bought a new stake in shares of Dominion Energy in the second quarter worth about $566,924,000. Finally, Legal & General Group Plc lifted its position in shares of Dominion Energy by 5.4% in the second quarter. Legal & General Group Plc now owns 7,669,476 shares of the utilities provider’s stock worth $433,479,000 after buying an additional 394,158 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.5%

Shares of D opened at $63.00 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.77 and a debt-to-equity ratio of 1.36. The business has a fifty day moving average of $61.17 and a 200 day moving average of $60.64. The company has a market cap of $55.37 billion, a PE ratio of 18.31, a P/E/G ratio of 1.71 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.

Dominion Energy (NYSE:D) last announced its earnings results 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 business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the firm posted $0.58 earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, sell-side analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.67 annualized dividend and a yield of 4.2%. Dominion Energy’s dividend payout ratio (DPR) is presently 77.62%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Barclays cut their price target on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Wells Fargo & Company lowered their target price on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. BMO Capital Markets cut their target price on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Weiss Ratings upgraded shares of Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research note on Thursday, December 11th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $64.50.

Dominion Energy Company 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.