Dai ichi Life Insurance Company Ltd reduced its position in shares of Dominion Energy Inc. (NYSE:D – Free Report) by 8.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,333 shares of the utilities provider’s stock after selling 8,946 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Dominion Energy were worth $5,893,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Motiv8 Investments LLC bought a new stake in shares of Dominion Energy in the fourth quarter worth $25,000. Blueline Advisors LLC acquired a new position in Dominion Energy during the fourth quarter worth $28,000. Triumph Capital Management bought a new position in Dominion Energy in the third quarter valued at $28,000. Costello Asset Management INC increased its stake in Dominion Energy by 66.7% in the 4th quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock valued at $29,000 after buying an additional 200 shares during the last quarter. Finally, Advocate Investing Services LLC acquired a new stake in Dominion Energy in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 73.04% of the company’s stock.
Key Dominion Energy News
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Analysts and preview pieces say Dominion Energy’s upcoming quarterly results are expected to show earnings growth, which could support the stock if the company meets or beats estimates. Article Title
- Positive Sentiment: A BMO Capital Markets note said Dominion Energy’s stock price is expected to rise, reflecting a generally favorable analyst view heading into earnings. Article Title
- Neutral Sentiment: The company is set to report quarterly earnings on Friday, and investors are waiting to see whether management can deliver on guidance and confirm the outlook for regulated utility growth. Article Title
- Neutral Sentiment: Several articles focused on storm preparedness and local power-line opposition in Virginia, which are operational and regulatory headlines but do not appear to be immediate financial catalysts. Article Title
- Negative Sentiment: KeyCorp trimmed longer-term earnings estimates for Dominion Energy across FY2026-FY2030, suggesting slightly slower profit growth than previously expected, which could cap upside if investors focus on future valuation. Article Title
Dominion Energy Stock Performance
Dominion Energy (NYSE:D – Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.05. The business had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $4.43 billion. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The business’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, sell-side analysts forecast that Dominion Energy Inc. will post 3.57 earnings per share for the current year.
Dominion Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Saturday, June 20th. Investors of record on Friday, May 29th were issued a $0.6675 dividend. 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 payout ratio is 78.99%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on D. Bank of America increased their price objective on shares of Dominion Energy from $63.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Royal Bank Of Canada lifted their target price on Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. BMO Capital Markets upped their target price on Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday. Wells Fargo & Company increased their price target on Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Finally, Seaport Research Partners downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $68.00.
Dominion Energy Company 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.
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