Canada Pension Plan Investment Board Invests $61.59 Million in Dominion Energy Inc. $D

Canada Pension Plan Investment Board bought a new stake in Dominion Energy Inc. (NYSE:D) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 901,926 shares of the utilities provider’s stock, valued at approximately $61,593,000. Canada Pension Plan Investment Board owned 0.10% of Dominion Energy at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Dominion Energy during the second quarter valued at approximately $4,986,439,000. Wellington Management Group LLP lifted its holdings in shares of Dominion Energy by 46.2% in the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock worth $2,633,253,000 after purchasing an additional 14,197,581 shares in the last quarter. Norges Bank acquired a new stake in Dominion Energy in the 4th quarter valued at $655,142,000. Bank of New York Mellon Corp acquired a new stake in Dominion Energy in the 2nd quarter valued at $697,388,000. Finally, Legal & General Group Plc bought a new stake in Dominion Energy during the 2nd quarter valued at $467,353,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of D opened at $66.48 on Friday. The stock has a 50 day moving average of $69.09 and a 200 day moving average of $65.78. The company has a market capitalization of $58.47 billion, a price-to-earnings ratio of 23.16 and a beta of 0.65. Dominion Energy Inc. has a 12 month low of $55.85 and a 12 month high of $72.99. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.11. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.04 billion. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The business’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, sell-side analysts forecast that Dominion Energy Inc. will post 3.57 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be issued a $0.6675 dividend. 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, September 4th. Dominion Energy’s payout ratio is 93.03%.

Analyst Upgrades and Downgrades

D has been the topic of a number of recent research reports. Royal Bank Of Canada raised their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Barclays decreased their target price on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a research report on Tuesday, June 23rd. Wells Fargo & Company upped their target price on shares of Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Mizuho raised their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Finally, Truist Financial decreased their price objective on Dominion Energy from $68.00 to $66.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $69.93.

Dominion Energy 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.