Mitsubishi UFJ Trust & Banking Corp Raises Stock Holdings in Dominion Energy Inc. $D

Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Dominion Energy Inc. (NYSE:D) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,081,520 shares of the utilities provider’s stock after buying an additional 86,437 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Dominion Energy were worth $174,168,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in D. Wellington Management Group LLP lifted its holdings in Dominion Energy by 19.4% during the first quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock valued at $994,917,000 after purchasing an additional 2,882,252 shares in the last quarter. Nuveen LLC bought a new stake in shares of Dominion Energy during the 1st quarter valued at $96,723,000. AQR Capital Management LLC lifted its stake in shares of Dominion Energy by 588.9% during the 1st quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider’s stock valued at $109,678,000 after buying an additional 1,687,819 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Dominion Energy by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock worth $5,106,823,000 after buying an additional 1,565,459 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Dominion Energy by 12.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider’s stock worth $790,092,000 after buying an additional 1,552,985 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

NYSE:D opened at $61.22 on Wednesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The company has a market cap of $52.28 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 2.13 and a beta of 0.63. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.52. The stock’s 50 day simple moving average is $60.28 and its two-hundred day simple moving average is $58.38.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same period last year, the firm posted $0.98 earnings per share. Dominion Energy’s revenue for the quarter was up 14.9% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, equities analysts anticipate 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 will be paid on Saturday, December 20th. Stockholders of record on Friday, December 5th will be issued a $0.6675 dividend. The ex-dividend date is Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. Dominion Energy’s payout ratio is 90.82%.

Insider Activity

In other Dominion Energy news, CEO Robert M. Blue purchased 4,152 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was purchased at an average price of $60.35 per share, with a total value of $250,573.20. Following the acquisition, the chief executive officer owned 161,237 shares in the company, valued at approximately $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on D. BMO Capital Markets lowered their price objective on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research report on Monday, November 3rd. Morgan Stanley lifted their target price on Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. BTIG Research initiated coverage on Dominion Energy in a report on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $70.00 price objective on shares of Dominion Energy in a report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 21st. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $64.22.

Dominion Energy Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.