Dominion Energy Inc. $D Shares Acquired by Allstate Corp

Allstate Corp increased its position in Dominion Energy Inc. (NYSE:D) by 99.4% in the 4th quarter, Holdings Channel reports. The firm owned 62,638 shares of the utilities provider’s stock after buying an additional 31,229 shares during the period. Allstate Corp’s holdings in Dominion Energy were worth $3,670,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Conning Inc. lifted its holdings in shares of Dominion Energy by 0.5% in the 4th quarter. Conning Inc. now owns 33,217 shares of the utilities provider’s stock valued at $1,946,000 after purchasing an additional 176 shares during the last quarter. Castle Rock Wealth Management LLC lifted its holdings in shares of Dominion Energy by 2.6% in the 4th quarter. Castle Rock Wealth Management LLC now owns 6,885 shares of the utilities provider’s stock valued at $422,000 after purchasing an additional 177 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of Dominion Energy by 3.4% in the 4th quarter. Mather Group LLC. now owns 5,400 shares of the utilities provider’s stock valued at $316,000 after purchasing an additional 178 shares during the last quarter. Howard Capital Management Inc. lifted its holdings in shares of Dominion Energy by 3.3% in the 3rd quarter. Howard Capital Management Inc. now owns 5,659 shares of the utilities provider’s stock valued at $346,000 after purchasing an additional 180 shares during the last quarter. Finally, Redwood Investment Management LLC lifted its holdings in shares of Dominion Energy by 0.6% in the 2nd quarter. Redwood Investment Management LLC now owns 31,778 shares of the utilities provider’s stock valued at $1,796,000 after purchasing an additional 183 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

D has been the subject of several research reports. Scotiabank boosted their target price on Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Weiss Ratings raised Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Wall Street Zen downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Barclays upped their price objective on Dominion Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada upped their price objective on Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Dominion Energy has a consensus rating of “Hold” and an average target price of $66.92.

Dominion Energy Stock Down 0.0%

D opened at $67.27 on Thursday. The business has a 50 day moving average price of $63.10 and a two-hundred day moving average price of $61.82. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38. The company has a market cap of $59.16 billion, a PE ratio of 19.90 and a beta of 0.65. Dominion Energy Inc. has a 52 week low of $53.36 and a 52 week high of $68.97.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.43 billion. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, research analysts anticipate that Dominion Energy Inc. will post 3.59 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 20th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, May 29th. Dominion Energy’s dividend payout ratio is 78.99%.

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.