OMERS ADMINISTRATION Corp acquired a new position in shares of Dominion Energy Inc. (NYSE:D – Free Report) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 8,973 shares of the utilities provider’s stock, valued at approximately $555,000.
Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP increased 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 buying an additional 14,197,581 shares during the period. Norges Bank acquired a new position in shares of Dominion Energy during the fourth quarter valued at $655,142,000. Capital Research Global Investors lifted 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 valued at $3,503,142,000 after acquiring an additional 4,940,692 shares during the period. London Co. of Virginia boosted its holdings in Dominion Energy by 45.3% in the first quarter. London Co. of Virginia now owns 6,943,525 shares of the utilities provider’s stock valued at $429,250,000 after acquiring an additional 2,165,195 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in Dominion Energy in the fourth quarter worth about $125,495,000. 73.04% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Weiss Ratings raised Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Truist Financial reduced their target price on shares of Dominion Energy from $67.00 to $66.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Wall Street Zen cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Mizuho boosted their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Finally, Bank of America increased their price objective on shares of Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average target price of $68.00.
Trending Headlines about Dominion Energy
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Dominion reported second-quarter operating earnings of $0.79 per share, above the $0.68 analyst consensus, while revenue rose 17.6% year over year to $4.48 billion, exceeding expectations of $4.04 billion. Dominion Energy Q2 Earnings and Revenues Beat Estimates
- Positive Sentiment: Virginia utility performance and growing electricity demand from data centers supported the quarter. Dominion said demand from server facilities in its service territory has surpassed 50 gigawatts, strengthening the long-term case for power-load growth. Top US Data Center-Serving Utility Dominion Tops Profit Estimates
- Positive Sentiment: The company plans to build a natural-gas power plant at Mount Storm, potentially adding generation capacity to serve rising electricity demand. Dominion to Build Natural Gas Power Plant at Mount Storm
- Neutral Sentiment: Dominion reaffirmed fiscal 2026 operating EPS guidance of $3.45 to $3.69, with the midpoint of $3.57 slightly below the $3.59 consensus estimate. Dominion Energy Announces Second-Quarter 2026 Results
- Negative Sentiment: GAAP net income fell to $340 million, or $0.37 per share, from $760 million, or $0.88 per share, a year earlier. Rising operating expenses and weaker performance in some segments reduced the quality of the headline earnings beat.
- Negative Sentiment: A reported analyst downgrade recommended taking profits ahead of a potential NextEra Energy merger, while Virginia lawmakers’ consideration of a special session adds uncertainty around the transaction. Dominion Energy: Take Profits Ahead of the Potential NextEra Merger
- Negative Sentiment: Residents are protesting a Dominion power-line project and demanding that the line be buried, creating potential permitting, cost and execution risks. Concerns about aging grid infrastructure and customer complaints over high summer bills add to the company’s reputational and regulatory pressure.
Dominion Energy Trading Down 0.6%
NYSE D opened at $69.32 on Friday. The stock has a 50-day simple moving average of $68.80 and a 200 day simple moving average of $64.80. The company has a market capitalization of $60.96 billion, a PE ratio of 20.51 and a beta of 0.65. 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 12 month low of $55.85 and a 12 month high of $72.99.
Dominion Energy (NYSE:D – Get Free Report) last released its earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.11. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the prior year, the firm posted $0.75 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Research analysts forecast that Dominion Energy Inc. will post 3.57 EPS for the current year.
Dominion Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, September 4th. Dominion Energy’s dividend payout ratio (DPR) is currently 78.99%.
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.
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