Callahan Advisors LLC acquired a new position in shares of Dominion Energy Inc. (NYSE:D – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,275 shares of the utilities provider’s stock, valued at approximately $1,657,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Dominion Energy by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 107,099,758 shares of the utilities provider’s stock valued at $6,274,975,000 after purchasing an additional 940,838 shares during the period. Capital Research Global Investors raised its position in Dominion Energy by 22.4% in the third 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 period. State Street Corp raised its position in Dominion Energy by 1.3% in the third quarter. State Street Corp now owns 46,934,223 shares of the utilities provider’s stock valued at $2,870,966,000 after purchasing an additional 592,815 shares during the period. Wellington Management Group LLP raised its position in Dominion Energy by 4.4% in the third quarter. Wellington Management Group LLP now owns 30,746,146 shares of the utilities provider’s stock valued at $1,880,742,000 after purchasing an additional 1,298,881 shares during the period. Finally, Bank of America Corp DE raised its position in Dominion Energy by 3.0% in the third quarter. Bank of America Corp DE now owns 14,678,283 shares of the utilities provider’s stock valued at $897,871,000 after purchasing an additional 422,971 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.
Dominion Energy Price Performance
D stock opened at $67.64 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $59.49 billion, a PE ratio of 20.01, a P/E/G ratio of 3.58 and a beta of 0.65. Dominion Energy Inc. has a 12-month low of $53.36 and a 12-month high of $68.97. The business’s fifty day moving average price is $62.61 and its 200 day moving average price is $61.53.
Dominion Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 20th. Investors of record on Friday, May 29th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, May 29th. Dominion Energy’s payout ratio is currently 78.99%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on D shares. Truist Financial started coverage on Dominion Energy in a research report on Tuesday, April 21st. They issued a “hold” rating and a $67.00 target price on the stock. Morgan Stanley reduced their target price on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Wells Fargo & Company lifted their target price on Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Scotiabank lifted their target price 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. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Dominion Energy in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and an average target price of $66.46.
Key Headlines Impacting Dominion Energy
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: The NextEra deal could give Dominion a much larger platform to serve rapidly growing data center and industrial power demand, which bulls say could support higher long-term earnings growth. Dominion Energy: The NextEra Merger Could Unlock The AI Power Trade
- Positive Sentiment: Analysts and commentators are highlighting the merger as a major strategic win for Dominion, with estimates calling for roughly 9% annual adjusted EPS growth through 2032 if the deal closes and synergies are realized. Can NextEra Energy & Dominion Merger Boost the Formers’ Fortune?
- Neutral Sentiment: The deal is still subject to extensive regulatory review, and several reports note that regulators will focus heavily on whether the merger keeps electricity bills affordable for customers. Giant US power merger bets on AI build-out, but may hinge on power bills
- Negative Sentiment: Law firms have started investigating the proposed sale, questioning whether the exchange ratio and process are fair to Dominion shareholders, which could add uncertainty and potential legal overhang. Dominion Energy Investor Alert
About Dominion Energy
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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