National Pension Service boosted its position in Dominion Energy Inc. (NYSE:D – Free Report) by 1.0% during the second quarter, HoldingsChannel.com reports. The fund owned 1,276,493 shares of the utilities provider’s stock after buying an additional 12,405 shares during the quarter. National Pension Service’s holdings in Dominion Energy were worth $87,172,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in D. Motiv8 Investments LLC acquired a new stake in shares of Dominion Energy in the 4th quarter valued at $25,000. Triumph Capital Management bought a new position in shares of Dominion Energy in the 3rd quarter valued at $28,000. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy during the 2nd quarter worth $31,000. Beacon Financial Strategies CORP raised its holdings in shares of Dominion Energy by 269.2% during the 2nd quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider’s stock worth $33,000 after buying an additional 350 shares in the last quarter. Finally, Blueline Advisors LLC bought a new stake in shares of Dominion Energy during the 4th quarter worth $28,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.
Key Dominion Energy News
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: The proposed Dominion–NextEra combination continues to advance after shareholders of both companies approved the transaction on September 3. The combined utility would serve approximately 10 million customer accounts across four states, offering potential scale and operating efficiencies. Wynson Securities announces progress on the Dominion–NextEra combination
- Neutral Sentiment: State regulators are adding local hearings to the merger review, giving communities more opportunities to comment. The hearings do not necessarily derail the transaction but extend the regulatory process and keep the deal in the spotlight. Commission adds local hearings to merger review
- Negative Sentiment: Richmond City Council voted to intervene in the merger case, while local residents and officials criticized potential impacts on electricity costs and Dominion’s proposed large gas plant. The opposition increases the risk of conditions, delays or added costs before approval. Richmond City Council votes to intervene in merger proposal
- Neutral Sentiment: Operational reports included a temporary outage affecting more than 100 customers after a vehicle crash and a planned lowering of Lake Murray’s water level. These events appear localized and are unlikely to materially affect Dominion’s earnings outlook. Dominion to lower Lake Murray levels
Dominion Energy Trading Down 0.3%
Dominion Energy (NYSE:D – Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.11. The company had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. Dominion Energy’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, equities analysts forecast that Dominion Energy Inc. will post 3.57 EPS for the current year.
Dominion Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a yield of 4.1%. Dominion Energy’s dividend payout ratio is 93.03%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. Truist Financial decreased their target price on Dominion Energy from $68.00 to $66.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. Barclays dropped their target price on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Jefferies Financial Group upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $65.00 to $76.00 in a research note on Thursday, May 28th. Mizuho upped their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Finally, BMO Capital Markets increased their price objective on shares of Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, July 22nd. Five 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $69.93.
Check Out Our Latest Report on Dominion Energy
About Dominion Energy
Dominion Energy, Inc is a regulated energy company headquartered in Richmond, Virginia. Through its utility operations, the company generates, transmits and distributes electricity and provides natural gas service to residential, commercial and industrial customers, primarily in Virginia and South Carolina.
The company’s electric generation portfolio includes nuclear, natural gas, renewable energy and hydroelectric resources. Dominion Energy also operates electric transmission and distribution networks, natural gas distribution systems and related energy infrastructure.
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