Principal Financial Group Inc. Cuts Stock Position in Dominion Energy Inc. $D

Principal Financial Group Inc. cut its position in shares of Dominion Energy Inc. (NYSE:D) by 0.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,035,413 shares of the utilities provider’s stock after selling 7,161 shares during the quarter. Principal Financial Group Inc. owned approximately 0.12% of Dominion Energy worth $64,009,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Dominion Energy by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 107,099,758 shares of the utilities provider’s stock worth $6,274,975,000 after buying an additional 940,838 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Dominion Energy by 9.0% during the fourth quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider’s stock worth $3,503,142,000 after acquiring an additional 4,940,692 shares in the last quarter. State Street Corp lifted its holdings in shares of Dominion Energy by 3.6% in the 4th quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock worth $2,848,662,000 after acquiring an additional 1,686,050 shares during the last quarter. Wellington Management Group LLP boosted its stake 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 valued at $2,633,253,000 after purchasing an additional 14,197,581 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Dominion Energy by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 20,442,935 shares of the utilities provider’s stock valued at $1,196,056,000 after purchasing an additional 314,932 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.9%

Shares of D opened at $71.64 on Friday. The stock has a market capitalization of $63.00 billion, a P/E ratio of 21.19 and a beta of 0.65. Dominion Energy Inc. has a twelve month low of $55.85 and a twelve month high of $71.84. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38. The firm has a fifty day simple moving average of $67.58 and a two-hundred day simple moving average of $63.92.

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

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 20th. Investors of record on Friday, May 29th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, May 29th. Dominion Energy’s payout ratio is currently 78.99%.

More Dominion Energy News

Here are the key news stories impacting Dominion Energy this week:

• Positive Sentiment: Dominion and NextEra filed merger applications, advancing a deal that could create the world’s largest regulated electric utility and improve Dominion’s long-term growth profile. Article Title
• Positive Sentiment: The companies pledged $2.25 billion in bill credits and said merger costs would not be passed to customers, which could help regulatory approval prospects. Article Title
• Neutral Sentiment: State and federal regulators in Virginia, North Carolina, South Carolina and Washington will now review the proposal, and the process could take time before any closing in the second half of 2027. Article Title
• Negative Sentiment: The merger still faces scrutiny from lawmakers, regulators and local stakeholders, who are questioning costs, customer impacts and infrastructure issues tied to Dominion’s large transmission projects. Article Title

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Barclays decreased their target price on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. Morgan Stanley reduced their price objective on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Wall Street Zen downgraded Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Wells Fargo & Company increased their target price on Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Finally, Truist Financial reduced their price target on Dominion Energy from $67.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Dominion Energy has an average rating of “Hold” and a consensus price target of $67.62.

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.