Chevy Chase Trust Holdings LLC Lowers Stake in Dominion Energy Inc. $D

Chevy Chase Trust Holdings LLC cut its holdings in shares of Dominion Energy Inc. (NYSE:D) by 3.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 439,605 shares of the utilities provider’s stock after selling 14,095 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Dominion Energy worth $26,891,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of D. Barnes Wealth Management Group Inc grew its holdings in Dominion Energy by 4.4% in the second quarter. Barnes Wealth Management Group Inc now owns 3,970 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 169 shares during the period. Sovereign Financial Group Inc. increased its position in shares of Dominion Energy by 1.2% in the third quarter. Sovereign Financial Group Inc. now owns 14,138 shares of the utilities provider’s stock valued at $865,000 after buying an additional 169 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Dominion Energy by 0.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 39,145 shares of the utilities provider’s stock worth $2,394,000 after buying an additional 169 shares during the period. Howard Capital Management Inc. lifted its position in shares of Dominion Energy by 3.3% during the 3rd quarter. Howard Capital Management Inc. now owns 5,659 shares of the utilities provider’s stock valued at $346,000 after buying an additional 180 shares in the last quarter. Finally, Robinson Value Management Ltd. lifted its position in shares of Dominion Energy by 0.3% during the 3rd quarter. Robinson Value Management Ltd. now owns 70,438 shares of the utilities provider’s stock valued at $4,309,000 after buying an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

D has been the subject of several recent analyst reports. Mizuho boosted their price target on shares of Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, February 24th. 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 report on Tuesday, January 20th. 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 target price on the stock. 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. Finally, JPMorgan Chase & Co. decreased their price target on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research note on Thursday, December 11th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $64.73.

Dominion Energy Stock Up 0.4%

NYSE D opened at $63.48 on Tuesday. The business has a fifty day moving average price of $62.11 and a 200 day moving average price of $60.80. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 0.77. The company has a market cap of $55.79 billion, a P/E ratio of 18.45, a P/E/G ratio of 1.71 and a beta of 0.71. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $67.57.

Dominion Energy (NYSE:D) last announced its 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 for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter 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. Research analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

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

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.