Mackenzie Financial Corp Sells 127,810 Shares of Dominion Energy Inc. $D

Mackenzie Financial Corp reduced its position in shares of Dominion Energy Inc. (NYSE:D) by 18.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 563,221 shares of the utilities provider’s stock after selling 127,810 shares during the quarter. Mackenzie Financial Corp owned 0.07% of Dominion Energy worth $34,452,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Dominion Energy by 0.3% in 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. Capital Research Global Investors lifted its stake in Dominion Energy by 22.4% in the 3rd quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock valued at $3,355,175,000 after purchasing an additional 10,049,691 shares during the last quarter. State Street Corp grew its holdings in Dominion Energy by 2.9% during the second quarter. State Street Corp now owns 46,341,408 shares of the utilities provider’s stock worth $2,619,216,000 after purchasing an additional 1,313,621 shares during the period. Geode Capital Management LLC grew its holdings in 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 worth $1,112,697,000 after purchasing an additional 575,350 shares during the period. Finally, Norges Bank acquired a new position in Dominion Energy during the second quarter worth approximately $566,924,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on D shares. JPMorgan Chase & Co. dropped their price objective on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research note on Thursday, December 11th. Weiss Ratings raised Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Scotiabank increased their price target on Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Wells Fargo & Company cut their price target on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Finally, Mizuho lifted their price objective on shares of Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $64.73.

Dominion Energy Price Performance

Shares of NYSE D opened at $62.84 on Friday. The firm has a market cap of $55.22 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 1.69 and a beta of 0.71. The company has a current ratio of 0.77, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $67.57. The business’s 50 day moving average is $61.94 and its 200-day moving average is $60.74.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Monday, February 23rd. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. Dominion Energy had a return on equity of 9.67% and a net margin of 18.05%.The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the company posted $0.58 EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities research analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 27th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, February 27th. Dominion Energy’s payout ratio is presently 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.