Hartford Funds Management Co LLC Makes New Investment in Dominion Energy Inc. $D

Hartford Funds Management Co LLC acquired a new position in shares of Dominion Energy Inc. (NYSE:D) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,138 shares of the utilities provider’s stock, valued at approximately $770,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Paradigm Capital Management LLC NV raised its position in Dominion Energy by 194.0% during the fourth quarter. Paradigm Capital Management LLC NV now owns 13,155 shares of the utilities provider’s stock worth $771,000 after acquiring an additional 8,680 shares during the period. Csenge Advisory Group raised its position in Dominion Energy by 7.5% during the fourth quarter. Csenge Advisory Group now owns 12,730 shares of the utilities provider’s stock worth $746,000 after acquiring an additional 888 shares during the period. ProShare Advisors LLC raised its position in Dominion Energy by 8.3% during the fourth quarter. ProShare Advisors LLC now owns 160,924 shares of the utilities provider’s stock worth $9,429,000 after acquiring an additional 12,285 shares during the period. HighTower Advisors LLC raised its position in Dominion Energy by 5.9% during the fourth quarter. HighTower Advisors LLC now owns 544,347 shares of the utilities provider’s stock worth $31,893,000 after acquiring an additional 30,133 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its position in Dominion Energy by 6.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,123 shares of the utilities provider’s stock worth $417,000 after acquiring an additional 440 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of NYSE D opened at $67.50 on Tuesday. The firm has a 50-day simple moving average of $62.42 and a 200-day simple moving average of $61.41. The stock has a market capitalization of $59.36 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 3.25 and a beta of 0.65. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38. Dominion Energy Inc. has a 52 week low of $53.36 and a 52 week high of $68.97.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, May 1st. The utilities provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.43 billion. During the same period in the prior year, the business earned $0.93 earnings per share. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, equities analysts predict that Dominion Energy Inc. will post 3.59 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 Saturday, June 20th. Investors of record on Friday, May 29th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.0%. Dominion Energy’s dividend payout ratio is currently 78.99%.

Key Dominion Energy News

Here are the key news stories impacting Dominion Energy this week:

• Positive Sentiment: NextEra agreed to acquire Dominion Energy in an all-stock deal worth about $66.8 billion, giving Dominion shareholders a sizable takeover premium and making the stock jump on merger-arbitrage optimism.
• Positive Sentiment: The companies said the combined utility will be the largest regulated electric utility in the world, with major exposure to fast-growing AI/data-center power demand, which is improving sentiment toward Dominion’s long-term asset value.
• Positive Sentiment: Management highlighted proposed $2.25 billion in bill credits and other commitments aimed at easing regulatory approval, which may help reduce concerns that could otherwise weigh on the deal.
• Neutral Sentiment: Unusually heavy options activity also showed traders positioning aggressively around the transaction, signaling heightened speculation and volatility rather than a fundamental change in operations.
• Negative Sentiment: The merger faces shareholder, antitrust, and state utility-regulator approvals, so there is still execution risk if regulators demand changes or the deal takes longer to close than expected.
• Negative Sentiment: A shareholder-law firm has already launched an investigation into whether Dominion’s board secured a fair price, which could add legal noise around the transaction.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on D. Jefferies Financial Group upped their price objective on shares of Dominion Energy from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Friday, April 10th. Truist Financial started coverage on shares of Dominion Energy in a research report on Tuesday, April 21st. They issued a “hold” rating and a $67.00 target price for the company. Morgan Stanley reduced their target price on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Scotiabank increased their target price on shares of Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Dominion Energy in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $66.31.

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.