Icon Advisers Inc. Co. Lowers Stake in Dominion Energy Inc. $D

Icon Advisers Inc. Co. cut its position in shares of Dominion Energy Inc. (NYSE:D) by 49.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,500 shares of the utilities provider’s stock after selling 44,662 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Dominion Energy were worth $2,813,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of D. Motiv8 Investments LLC purchased a new stake in shares of Dominion Energy during the 4th quarter worth about $25,000. Blueline Advisors LLC purchased a new stake in shares of Dominion Energy during the 4th quarter valued at about $28,000. Triumph Capital Management purchased a new stake in shares of Dominion Energy during the third quarter valued at approximately $28,000. Costello Asset Management INC lifted its holdings in Dominion Energy by 66.7% in the 4th quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock worth $29,000 after buying an additional 200 shares in the last quarter. Finally, Advocate Investing Services LLC acquired a new position in shares of Dominion Energy in the fourth quarter worth about $29,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Dominion Energy

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

• Positive Sentiment: BMO Capital Markets raised its price target on Dominion Energy from $64 to $70, signaling improved valuation expectations and helping support the stock. Benzinga
• Positive Sentiment: Dominion reported record-high demand on its power grid, which points to strong customer usage and potentially better near-term revenue trends. Dominion Energy reports record high demand on power grid
• Positive Sentiment: Market commentary noted Dominion shares advancing while the broader market dipped, suggesting relative strength in the utility name. Dominion Energy (D) Rises As Market Takes a Dip: Key Facts
• Neutral Sentiment: Virginia regulators rejected a last-minute bid to pause Dominion power line work in Loudoun County, removing one procedural hurdle but leaving the broader project debate unresolved. Virginia regulators reject last-minute bid to pause Dominion power lines through Loudoun neighborhood
• Neutral Sentiment: Lawmakers are pushing for a special session to debate the Dominion-NextEra merger, which keeps deal speculation alive but does not yet change fundamentals. Lawmakers call for special session to debate Dominion-NextEra merger
• Negative Sentiment: A Virginia nonprofit said the proposed Dominion merger lacks critical details, reflecting ongoing skepticism that could weigh on sentiment around the company. Virginia nonprofit says proposed Dominion Energy merger lacks critical details
• Negative Sentiment: Reports of outages affecting thousands of customers and complaints over tree trimming may reinforce concerns about service reliability and local opposition to Dominion’s operations. Tree limb causes power outage for over 4,200 in Isle of Wight, says Dominion Energy

Dominion Energy Price Performance

Shares of D opened at $71.09 on Thursday. The firm has a market cap of $62.53 billion, a price-to-earnings ratio of 21.03 and a beta of 0.65. The stock has a 50 day moving average of $68.22 and a 200-day moving average of $64.25. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. Dominion Energy Inc. has a 52 week low of $55.85 and a 52 week high of $72.99.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same period in the prior year, the company posted $0.93 EPS. The business’s revenue was up 23.1% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, analysts forecast that Dominion Energy Inc. will post 3.58 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 20th. Shareholders 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 dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, May 29th. Dominion Energy’s dividend payout ratio is 78.99%.

Analysts Set New Price Targets

A number of brokerages have issued reports on D. Bank of America upped their target price on Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Weiss Ratings upgraded shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Wall Street Zen cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Wells Fargo & Company increased their price objective on shares of Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Finally, Seaport Research Partners lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and a consensus target price of $68.00.

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.