Florida Trust Wealth Management Co grew its stake in shares of Dominion Energy Inc. (NYSE:D – Free Report) by 51.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,185 shares of the utilities provider’s stock after buying an additional 22,870 shares during the period. Florida Trust Wealth Management Co’s holdings in Dominion Energy were worth $4,588,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Ausbil Investment Management Ltd purchased a new stake in shares of Dominion Energy in the second quarter valued at $4,603,000. North Dakota State Investment Board purchased a new position in Dominion Energy during the fourth quarter worth about $1,715,000. Vanguard Group Inc. lifted its position in Dominion Energy by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 107,099,758 shares of the utilities provider’s stock worth $6,274,975,000 after buying an additional 940,838 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Dominion Energy by 6.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,818,876 shares of the utilities provider’s stock worth $107,750,000 after buying an additional 109,146 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Dominion Energy in the 4th quarter valued at about $2,739,000. Institutional investors and hedge funds own 73.04% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on D shares. BMO Capital Markets increased their price objective on shares of Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. Truist Financial cut their price target on shares of Dominion Energy from $68.00 to $66.00 and set a “hold” rating on the stock in a research note on Thursday. Royal Bank Of Canada lifted their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Barclays dropped their price objective on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Finally, Weiss Ratings raised Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 22nd. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $68.00.
Key Headlines Impacting Dominion Energy
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Data-center demand supports long-term growth. Virginia’s expanding data-center sector is increasing electricity demand and could provide Dominion with additional load growth and investment opportunities. The Virginia State Corporation Commission also ordered certain transmission costs to be assigned directly to data centers, potentially limiting the burden on other customers and Dominion’s broader rate base. Why Is Dominion Energy in Focus as Data Center Demand Grows Today? Dominion ordered to directly assign some transmission costs to data centers
- Positive Sentiment: Lake Murray dam restoration is complete. Dominion completed tower upgrades and restoration work at the Saluda Hydroelectric Project, a favorable infrastructure milestone that may improve asset reliability and reduce execution uncertainty. Temporary boating restrictions remain around the dam as final safety measures are completed. Dominion Energy completes Lake Murray Dam restoration project
- Neutral Sentiment: Dominion rejected claims regarding Ashburn power lines. The company denied allegations that it ignored an alternative plan, keeping attention on its Virginia transmission development and stakeholder disputes without an immediate financial impact. Dominion denies Congressman’s claims about Ashburn power lines
- Negative Sentiment: Fuel-cost requests could increase customer bills. Dominion is seeking approval in North Carolina to recover higher fuel costs, potentially adding roughly $23 per month for some customers. Although recovery could protect cash flow, higher bills may create political and regulatory resistance. Dominion seeks increase for fuel costs
- Negative Sentiment: Truist cut its price target and maintained a Hold rating. The target was reduced from $68 to $66, signaling limited near-term upside and adding pressure to the shares. Truist lowers Dominion Energy price target
- Negative Sentiment: Merger oversight remains contentious. Questions about potential conflicts involving the Virginia SCC chair’s review of the NextEra-Dominion merger could prolong regulatory scrutiny and increase uncertainty around the transaction. Concerns over Virginia SCC chair and NextEra-Dominion merger
Dominion Energy Stock Performance
NYSE:D opened at $68.55 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $60.29 billion, a price-to-earnings ratio of 23.88 and a beta of 0.65. The firm’s fifty day simple moving average is $69.05 and its 200 day simple moving average is $65.33. Dominion Energy Inc. has a twelve month low of $55.85 and a twelve month high of $72.99.
Dominion Energy (NYSE:D – Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.11. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the prior year, the firm earned $0.75 EPS. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, equities research analysts expect that Dominion Energy Inc. will post 3.57 earnings per share for the current fiscal year.
Dominion Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be paid a $0.6675 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.9%. Dominion Energy’s dividend payout ratio (DPR) is 93.03%.
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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