Sumitomo Mitsui Trust Group Inc. Has $133.70 Million Holdings in Dominion Energy Inc. $D

Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Dominion Energy Inc. (NYSE:D) by 3.1% in the second quarter, Holdings Channel reports. The fund owned 1,957,830 shares of the utilities provider’s stock after acquiring an additional 58,022 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Dominion Energy were worth $133,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Cornerstone Planning LLC lifted its position in shares of Dominion Energy by 0.9% during the 2nd quarter. Cornerstone Planning LLC now owns 17,280 shares of the utilities provider’s stock worth $1,180,000 after purchasing an additional 157 shares during the last quarter. Capital Analysts LLC boosted its stake in Dominion Energy by 2.4% during the 4th quarter. Capital Analysts LLC now owns 6,651 shares of the utilities provider’s stock valued at $390,000 after purchasing an additional 157 shares during the period. Arlington Trust Co LLC grew its holdings in Dominion Energy by 47.1% in the 2nd quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider’s stock valued at $34,000 after buying an additional 160 shares during the last quarter. Navalign LLC grew its holdings in Dominion Energy by 1.2% in the 1st quarter. Navalign LLC now owns 14,229 shares of the utilities provider’s stock valued at $880,000 after buying an additional 162 shares during the last quarter. Finally, Conning Inc. increased its position in Dominion Energy by 0.5% in the 4th quarter. Conning Inc. now owns 33,217 shares of the utilities provider’s stock worth $1,946,000 after buying an additional 176 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on D. Seaport Research Partners lowered Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Truist Financial dropped their target price on shares of Dominion Energy from $68.00 to $66.00 and set a “hold” rating on the stock in a research report on Thursday. Wall Street Zen downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Barclays decreased their price target on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a research 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 assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $68.00.

Dominion Energy Stock Performance

Shares of NYSE D opened at $68.76 on Friday. The firm has a market capitalization of $60.48 billion, a price-to-earnings ratio of 23.96 and a beta of 0.65. Dominion Energy Inc. has a one year low of $55.85 and a one year high of $72.99. The business has a fifty day simple moving average of $69.09 and a 200 day simple moving average of $65.36. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Sell-side analysts expect that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, September 4th. Dominion Energy’s payout ratio is 93.03%.

Key Dominion Energy News

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.