CIBC Asset Management Inc Grows Stock Position in Dominion Energy Inc. $D

CIBC Asset Management Inc raised its holdings in Dominion Energy Inc. (NYSE:D) by 71.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 201,697 shares of the utilities provider’s stock after buying an additional 83,774 shares during the quarter. CIBC Asset Management Inc’s holdings in Dominion Energy were worth $11,817,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in D. Conning Inc. raised its stake in shares of Dominion Energy by 0.5% in the fourth quarter. Conning Inc. now owns 33,217 shares of the utilities provider’s stock worth $1,946,000 after purchasing an additional 176 shares during the last quarter. Castle Rock Wealth Management LLC raised its stake in shares of Dominion Energy by 2.6% in the fourth quarter. Castle Rock Wealth Management LLC now owns 6,885 shares of the utilities provider’s stock worth $422,000 after purchasing an additional 177 shares during the last quarter. Mather Group LLC. raised its stake in shares of Dominion Energy by 3.4% in the fourth quarter. Mather Group LLC. now owns 5,400 shares of the utilities provider’s stock worth $316,000 after purchasing an additional 178 shares during the last quarter. Redwood Investment Management LLC raised its stake in shares of Dominion Energy by 0.6% in the second quarter. Redwood Investment Management LLC now owns 31,778 shares of the utilities provider’s stock worth $1,796,000 after purchasing an additional 183 shares during the last quarter. Finally, L2 Asset Management LLC raised its stake in shares of Dominion Energy by 4.9% in the third quarter. L2 Asset Management LLC now owns 4,006 shares of the utilities provider’s stock worth $245,000 after purchasing an additional 186 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Seaport Research Partners cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Wells Fargo & Company lifted their price target on Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Truist Financial reduced their price target on Dominion Energy from $67.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, May 29th. Wall Street Zen cut Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Bank of America lifted their price target on Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $67.69.

Dominion Energy Stock Up 0.8%

Dominion Energy stock opened at $67.00 on Friday. The stock has a market capitalization of $58.93 billion, a PE ratio of 19.82 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 has a 50 day simple moving average of $63.86 and a 200-day simple moving average of $62.07. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.78 and a quick ratio of 0.61.

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

Dominion Energy Announces Dividend

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

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.