Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Dominion Energy Inc. (NYSE:D – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 101,559 shares of the utilities provider’s stock, valued at approximately $6,935,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Motiv8 Investments LLC acquired a new stake in shares of Dominion Energy during the fourth quarter worth $25,000. Triumph Capital Management purchased a new stake in shares of Dominion Energy during the third quarter valued at $28,000. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy in the 2nd quarter valued at $31,000. Beacon Financial Strategies CORP increased its position in shares of Dominion Energy by 269.2% in the 2nd quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 350 shares during the period. Finally, Blueline Advisors LLC purchased a new position in Dominion Energy in the 4th quarter worth $28,000. 73.04% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages have commented on D. TD Cowen raised Dominion Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $69.00 to $80.00 in a research report on Wednesday. Wall Street Zen lowered Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. UBS Group set a $80.00 price objective on Dominion Energy in a research note on Wednesday. Barclays decreased their target price on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Finally, Mizuho upped their target price on Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.93.
Key Dominion Energy News
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: TD Cowen upgraded Dominion Energy, citing what it views as favorable odds for the NextEra transaction and additional upside potential. TD Cowen Just Upgraded Dominion Energy. Here’s Why.
- Positive Sentiment: Dominion said it expects to receive a refund related to tariffs imposed during the Trump administration. The reimbursement could provide a modest cash-flow benefit. Dominion says they’re getting a Trump Tariff refund
- Neutral Sentiment: Morgan Stanley lowered its Dominion price target from $71 to $68 and assigned an “equal weight” rating. The revised target still implies limited upside, but the reduction signals more cautious expectations. Morgan Stanley lowers Dominion Energy price target
- Neutral Sentiment: Analysts collectively maintain a “Hold” consensus rating, suggesting Wall Street sees a relatively balanced risk-reward profile. Dominion Energy receives consensus Hold rating
- Negative Sentiment: The proposed NextEra merger continues to face political and regulatory scrutiny. Virginia, Maine and Massachusetts officials have raised concerns about competition and potential increases in energy costs, while South Carolina regulators are examining the transaction timeline. These objections could delay approval, increase required concessions or reduce the deal’s expected benefits. Maine governor raises concerns about NextEra-Dominion merger
- Negative Sentiment: Local homeowners are opposing a Dominion power-line project, citing potentially significant costs and property impacts. The dispute adds reputational and permitting risk, although its direct financial effect remains unclear. Ashburn homeowners oppose Dominion power line
Dominion Energy Trading Up 0.1%
Shares of Dominion Energy stock opened at $66.64 on Monday. The stock has a market cap of $58.61 billion, a PE ratio of 23.22 and a beta of 0.65. The firm has a fifty day moving average price of $69.22 and a 200 day moving average price of $65.65. Dominion Energy Inc. has a 1 year low of $55.85 and a 1 year high of $72.99. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64.
Dominion Energy (NYSE:D – Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.68 by $0.11. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities research analysts predict that Dominion Energy Inc. will post 3.57 earnings per share for the current year.
Dominion Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend 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%.
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.
Featured Stories
- Five stocks we like better than Dominion Energy
- VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?
- 3 Closed-End Funds to Maximize Dividend Payments
- Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy?
- $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over
Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy Inc. (NYSE:D – Free Report).
Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.
