Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Dominion Energy Inc. (NYSE:D – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 257,835 shares of the utilities provider’s stock, valued at approximately $17,608,000.
A number of other institutional investors also recently modified their holdings of D. Bryn Mawr Trust Advisors LLC bought a new stake in shares of Dominion Energy during the 2nd quarter valued at $7,346,000. Ausbil Investment Management Ltd bought a new position in Dominion Energy in the 2nd quarter worth about $4,603,000. North Dakota State Investment Board purchased a new position in Dominion Energy during the 4th quarter valued at about $1,715,000. Florida Trust Wealth Management Co grew its holdings in Dominion Energy by 51.6% during the 2nd quarter. Florida Trust Wealth Management Co now owns 67,185 shares of the utilities provider’s stock valued at $4,588,000 after buying an additional 22,870 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Dominion Energy by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 107,099,758 shares of the utilities provider’s stock valued at $6,274,975,000 after buying an additional 940,838 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on D. Truist Financial cut their price objective on shares of Dominion Energy from $68.00 to $66.00 and set a “hold” rating for the company in a research report on Thursday. Mizuho increased their target price 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. Morgan Stanley cut their price target on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. BMO Capital Markets boosted their price target on shares of Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, July 22nd. Finally, Seaport Research Partners cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Four investment 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. Based on data from MarketBeat, Dominion Energy has an average rating of “Hold” and an average price target of $68.00.
Dominion Energy Stock Performance
Dominion Energy stock opened at $68.76 on Monday. Dominion Energy Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $72.99. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. The stock has a market cap of $60.48 billion, a P/E ratio of 23.96 and a beta of 0.65. The firm’s fifty day moving average price is $69.09 and its 200-day moving average price is $65.39.
Dominion Energy (NYSE:D – Get Free Report) last announced its earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.11. The company had revenue of $4.48 billion during 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 quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, equities research analysts expect that Dominion Energy Inc. will post 3.57 earnings per share for the current fiscal year.
Dominion Energy Announces Dividend
The company 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 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 is presently 93.03%.
Key Headlines Impacting Dominion Energy
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Dominion’s potential exposure to rising electricity demand from data centers is keeping the utility in focus. Growth in large-load customers could support long-term earnings and rate-base expansion. Why Is Dominion Energy in Focus as Data Center Demand Grows?
- Positive Sentiment: The Virginia State Corporation Commission ordered Dominion to directly assign some transmission costs to data centers and may consider extending the policy to additional upstream costs. Shifting more infrastructure costs to large customers could reduce pressure on residential ratepayers and improve the economics of serving data centers. Dominion Ordered to Assign Transmission Costs to Data Centers
- Positive Sentiment: Dominion completed tower upgrades and restoration work at the Lake Murray Dam and Saluda Hydroelectric Project in South Carolina. The completion strengthens the company’s hydroelectric infrastructure, although temporary boating restrictions remain. Dominion Completes Lake Murray Tower Upgrades
- Neutral Sentiment: Dominion Energy’s foundation opened its fall grant application period for nonprofits, while the company also issued customer energy-saving advice during the heat. These announcements support community relations but are unlikely to materially affect near-term earnings. Dominion Energy Foundation Opens Fall Grant Applications
- Negative Sentiment: Truist lowered its Dominion price target to $66 from $68 and maintained a “hold” rating, signaling limited expected upside from current levels. Truist Lowers Dominion Energy Price Target
- Negative Sentiment: Dominion is seeking approval for higher fuel-cost charges in North Carolina that could add roughly $23 per month to some customers’ bills. Proposed rate increases may improve cost recovery but risk political backlash, customer resistance and regulatory delays. Dominion Seeks North Carolina Fuel-Cost Increase
- Negative Sentiment: The proposed $67 billion merger with NextEra Energy is facing customer and political concerns, including questions about regulatory oversight and recusal issues involving Virginia officials. Increased scrutiny could complicate approval or extend the transaction timeline. Dominion Customers Raise Concerns Over NextEra Merger
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.
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