Connor Clark & Lunn Investment Management Ltd. Acquires New Position in Dominion Energy Inc. $D

Connor Clark & Lunn Investment Management Ltd. bought a new position in Dominion Energy Inc. (NYSE:D) in the 2nd quarter, Holdings Channel reports. The fund bought 51,691 shares of the utilities provider’s stock, valued at approximately $3,530,000.

Several other large investors have also added to or reduced their stakes in D. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Dominion Energy during the second quarter valued at approximately $266,000. Clarion Wealth Managment Partners LLC bought a new stake in shares of Dominion Energy during the 2nd quarter valued at $911,000. DLD Asset Management LP bought a new stake in shares of Dominion Energy during the 2nd quarter valued at $2,817,000. Magellan Asset Management Ltd purchased a new position in shares of Dominion Energy during the 2nd quarter valued at $183,733,000. Finally, Haverford Trust Co bought a new position in Dominion Energy in the 2nd quarter worth $1,067,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 1.5%

Shares of D opened at $65.50 on Friday. The stock has a market capitalization of $57.61 billion, a PE ratio of 22.82 and a beta of 0.65. The company’s fifty day moving average is $69.03 and its 200 day moving average is $65.78. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. Dominion Energy Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $72.99.

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

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be paid a $0.6675 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a yield of 4.1%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.03%.

Analyst Ratings Changes

A number of brokerages have issued reports on D. TD Cowen upgraded Dominion Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from $69.00 to $80.00 in a research note on Wednesday, August 19th. Wall Street Zen lowered Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Seaport Research Partners cut Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Royal Bank Of Canada lifted their target price 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Dominion Energy in a report on Wednesday, August 19th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and an average target price of $69.93.

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.