Bank of America Corp DE Acquires 422,971 Shares of Dominion Energy Inc. $D

Bank of America Corp DE raised its stake in shares of Dominion Energy Inc. (NYSE:D) by 3.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,678,283 shares of the utilities provider’s stock after purchasing an additional 422,971 shares during the quarter. Bank of America Corp DE’s holdings in Dominion Energy were worth $897,871,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of D. Vanguard Group Inc. boosted its stake in 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 buying an additional 363,610 shares in the last quarter. Capital Research Global Investors raised its stake in Dominion Energy by 22.4% during the third quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock worth $3,355,175,000 after acquiring an additional 10,049,691 shares in the last quarter. State Street Corp raised its stake 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 acquiring an additional 1,313,621 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Dominion Energy by 4.4% during 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 acquiring an additional 1,298,881 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Dominion Energy by 10.8% during the third quarter. Invesco Ltd. now owns 11,545,003 shares of the utilities provider’s stock valued at $706,208,000 after acquiring an additional 1,129,130 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

Dominion Energy stock opened at $63.48 on Tuesday. The stock has a 50-day simple moving average of $62.11 and a 200 day simple moving average of $60.80. The stock has a market capitalization of $55.79 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.71 and a beta of 0.71. The company has a quick ratio of 0.59, a current ratio of 0.77 and a debt-to-equity ratio of 1.36. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $67.57.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Monday, February 23rd. The utilities provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. Dominion Energy had a net margin of 18.05% and a return on equity of 9.67%. The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the firm earned $0.58 EPS. The company’s 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. On average, research analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, February 27th. Dominion Energy’s dividend payout ratio is 77.62%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on D shares. Scotiabank upped their target price on shares of Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. cut their price target on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a report on Thursday, December 11th. TD Cowen began coverage on shares of Dominion Energy in a research report on Friday, January 9th. They issued a “hold” rating and a $65.00 price target on the stock. Wells Fargo & Company decreased their price objective on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Finally, Barclays cut their target price on shares of Dominion Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $64.73.

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.