Nordea Investment Management AB Has $2.93 Million Stock Position in Dominion Energy Inc. $D

Nordea Investment Management AB decreased its position in shares of Dominion Energy Inc. (NYSE:D) by 38.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,747 shares of the utilities provider’s stock after selling 31,029 shares during the quarter. Nordea Investment Management AB’s holdings in Dominion Energy were worth $2,927,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. AustralianSuper Pty Ltd lifted its holdings 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 worth $31,753,000 after acquiring an additional 491,574 shares during the period. Kera Capital Partners Inc. bought a new position in Dominion Energy in the third quarter valued at approximately $3,574,000. Vanguard Group Inc. increased its stake in Dominion Energy by 0.3% in 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 during the last quarter. Virtus Advisers LLC acquired a new position in Dominion Energy during the second quarter valued at approximately $240,000. Finally, CW Advisors LLC raised its position in Dominion Energy by 15.2% during the second quarter. CW Advisors LLC now owns 231,985 shares of the utilities provider’s stock valued at $13,112,000 after purchasing an additional 30,647 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. TD Cowen initiated coverage on Dominion Energy in a report on Friday, January 9th. They issued a “hold” rating and a $65.00 target price on the stock. Wells Fargo & Company lowered 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. Scotiabank upped their price objective on Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Weiss Ratings raised Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Finally, Mizuho lifted their target price on Dominion Energy from $62.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $65.20.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $60.89 on Friday. The company’s 50 day moving average price is $62.46 and its two-hundred day moving average price is $60.89. The firm has a market capitalization of $53.52 billion, a P/E ratio of 17.70, a P/E/G ratio of 1.65 and a beta of 0.71. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $67.57. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.77 and a quick ratio of 0.59.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Monday, February 23rd. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $3.65 billion. During the same period in the prior year, the business earned $0.58 earnings per share. The company’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 forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, February 27th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, February 27th. Dominion Energy’s dividend payout ratio is presently 77.62%.

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.