OneDigital Investment Advisors LLC acquired a new stake in Dominion Energy Inc. (NYSE:D – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 25,364 shares of the utilities provider’s stock, valued at approximately $1,732,000.
Several other hedge funds and other institutional investors have also modified their holdings of D. Vanguard Group Inc. raised its holdings in Dominion Energy by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 107,099,758 shares of the utilities provider’s stock valued at $6,274,975,000 after acquiring an additional 940,838 shares during the period. Capital Research Global Investors increased its stake in shares of Dominion Energy by 9.0% during the fourth quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider’s stock worth $3,503,142,000 after purchasing an additional 4,940,692 shares during the period. State Street Corp lifted its holdings in Dominion Energy by 3.6% during the 4th quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock worth $2,848,662,000 after purchasing an additional 1,686,050 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Dominion Energy by 46.2% during the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock worth $2,633,253,000 after purchasing an additional 14,197,581 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Dominion Energy by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 20,442,935 shares of the utilities provider’s stock valued at $1,196,056,000 after purchasing an additional 314,932 shares during the period. Institutional investors own 73.04% of the company’s stock.
More 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 Price Performance
Dominion Energy (NYSE:D – Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.11. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.04 billion. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, research analysts expect that Dominion Energy Inc. will post 3.57 EPS 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. Shareholders of record on Friday, September 4th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, September 4th. Dominion Energy’s dividend payout ratio is presently 93.03%.
Wall Street Analyst Weigh In
D has been the topic of a number of research reports. Royal Bank Of Canada upped their price objective on Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Seaport Research Partners cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Wells Fargo & Company upped their price target on shares of Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Mizuho raised their price target 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, Wall Street Zen cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $68.00.
Check Out Our Latest Stock Analysis on Dominion Energy
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.
Read More
- Five stocks we like better than Dominion Energy
- The Metals Company’s Big Bet Now Comes Down to a License
- OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings
- Meta and Tesla Are Rebounding From Oversold Levels—Now What?
- AMG’s Alternatives Boom Powers Record Growth
Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.
