Voya Investment Management LLC Has $8.91 Million Stock Holdings in Dominion Energy Inc. $D

Voya Investment Management LLC lessened its position in shares of Dominion Energy Inc. (NYSE:D) by 17.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 145,590 shares of the utilities provider’s stock after selling 30,555 shares during the quarter. Voya Investment Management LLC’s holdings in Dominion Energy were worth $8,906,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of D. CoreFirst Bank & Trust acquired a new stake in shares of Dominion Energy during the second quarter worth $25,000. Westside Investment Management Inc. lifted its holdings in Dominion Energy by 123.3% in the second quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after buying an additional 259 shares during the period. AlphaQuest LLC bought a new stake in Dominion Energy during the first quarter valued at $27,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Dominion Energy during the 2nd quarter worth about $32,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in Dominion Energy during the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on D shares. BMO Capital Markets dropped their price objective on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Wells Fargo & Company started coverage on Dominion Energy in a report on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 target price for the company. BTIG Research began coverage on Dominion Energy in a research note on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Barclays raised their price objective on shares of Dominion Energy from $63.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. Finally, Evercore ISI initiated coverage on shares of Dominion Energy in a research report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 target price on the stock. Two 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $64.75.

Dominion Energy Trading Up 1.5%

NYSE D opened at $58.11 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.87. The business has a 50 day moving average price of $60.25 and a 200-day moving average price of $59.37. The company has a market cap of $49.62 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 1.64 and a beta of 0.70.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.04. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.71 billion. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. Dominion Energy’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 EPS. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, equities analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, December 20th. Stockholders of record on Friday, December 5th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.6%. Dominion Energy’s payout ratio is presently 90.82%.

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.