Mn Services Vermogensbeheer B.V. lessened its holdings in shares of Dominion Energy Inc. (NYSE:D – Free Report) by 12.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 135,500 shares of the utilities provider’s stock after selling 19,600 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Dominion Energy were worth $7,939,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CoreFirst Bank & Trust purchased a new position in Dominion Energy during the 2nd quarter valued at $25,000. Triumph Capital Management purchased a new stake in shares of Dominion Energy in the 3rd quarter worth about $28,000. United Community Bank purchased a new stake in shares of Dominion Energy in the 3rd quarter worth about $29,000. JPL Wealth Management LLC bought a new stake in shares of Dominion Energy during the 3rd quarter valued at about $30,000. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Dominion Energy during the third quarter valued at about $31,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.
Dominion Energy Stock Up 0.4%
Shares of Dominion Energy stock opened at $62.07 on Thursday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.77 and a quick ratio of 0.59. The company has a 50-day moving average of $62.52 and a 200 day moving average of $60.95. The firm has a market cap of $54.55 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.67 and a beta of 0.71. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $67.57.
Dominion Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, February 27th were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, February 27th. Dominion Energy’s dividend payout ratio (DPR) is presently 77.62%.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on D shares. JPMorgan Chase & Co. decreased their price target on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a research note on Thursday, December 11th. TD Cowen began coverage on Dominion Energy in a report on Friday, January 9th. They set a “hold” rating and a $65.00 target price on the stock. Wells Fargo & Company decreased 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. Mizuho raised their target price on Dominion Energy from $62.00 to $66.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Finally, Scotiabank lifted their price target on Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $65.20.
Get Our Latest Stock Report on D
Key Dominion Energy News
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Analyst/valuation coverage notes Dominion’s recent rebound and sees modest upside, keeping the stock on investors’ radars as earnings/guidance and dividend stability remain central catalysts. Assessing Dominion Energy (D) Valuation As Shares Rebound And Analysts See Modest Upside
- Neutral Sentiment: Corporate safety PR reminding Virginia and North Carolina customers to “Call Before You Dig” for National Safe Digging Month — a routine customer-safety initiative with limited direct financial impact but positive for community relations. Dominion Energy reminds Virginia and North Carolina customers to “Call Before You Dig” this spring
- Neutral Sentiment: Comparative analysis pieces that include Dominion alongside peers (e.g., Iberdrola) have circulated — useful context for longer-term valuation comparisons but not immediate stock drivers. Analyzing Iberdrola (OTCMKTS:IBDRY) & Dominion Energy (NYSE:D)
- Negative Sentiment: Local opposition reports say Lowcountry residents are fighting a proposed ~12% energy rate increase — heightened public pushback could influence regulators and delay or trim requested rate relief. Lowcountry residents fighting back against 12% energy rate increase
- Negative Sentiment: Thousands have petitioned two South Carolina power companies (including Dominion) to undergo independent audits — increased scrutiny raises the risk of regulatory adjustments or reputational damage. Thousands petition two SC power companies to undergo independent audit
- Negative Sentiment: Multiple public hearings and local stories report strong customer opposition to Dominion’s proposed ~11% rate increase across South Carolina (first hearings and county meetings underway) — regulatory testimony season is active and outcomes are uncertain. Dominion Energy customers oppose proposed 11% rate hike at first public hearing Public hearing for Dominion Energy’s proposed rate increase
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.
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