Sumitomo Life Insurance Co. Purchases New Shares in Dominion Energy Inc. $D

Sumitomo Life Insurance Co. purchased a new position in Dominion Energy Inc. (NYSE:D) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 10,557 shares of the utilities provider’s stock, valued at approximately $721,000.

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

Analysts Set New Price Targets

Several analysts have issued reports on D shares. Wells Fargo & Company raised their price objective on shares of Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Jefferies Financial Group upgraded Dominion Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from $65.00 to $76.00 in a report on Thursday, May 28th. Seaport Research Partners lowered Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Barclays decreased their price target on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Finally, Mizuho upped their price objective on Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $69.93.

Key Stories Impacting Dominion Energy

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

• Positive Sentiment: TD Cowen upgraded Dominion Energy, citing what it views as favorable odds for the NextEra transaction and additional upside potential. TD Cowen Just Upgraded Dominion Energy. Here’s Why.
• Positive Sentiment: Dominion said it expects to receive a refund related to tariffs imposed during the Trump administration. The reimbursement could provide a modest cash-flow benefit. Dominion says they’re getting a Trump Tariff refund
• Neutral Sentiment: Morgan Stanley lowered its Dominion price target from $71 to $68 and assigned an “equal weight” rating. The revised target still implies limited upside, but the reduction signals more cautious expectations. Morgan Stanley lowers Dominion Energy price target
• Neutral Sentiment: Analysts collectively maintain a “Hold” consensus rating, suggesting Wall Street sees a relatively balanced risk-reward profile. Dominion Energy receives consensus Hold rating
• Negative Sentiment: The proposed NextEra merger continues to face political and regulatory scrutiny. Virginia, Maine and Massachusetts officials have raised concerns about competition and potential increases in energy costs, while South Carolina regulators are examining the transaction timeline. These objections could delay approval, increase required concessions or reduce the deal’s expected benefits. Maine governor raises concerns about NextEra-Dominion merger
• Negative Sentiment: Local homeowners are opposing a Dominion power-line project, citing potentially significant costs and property impacts. The dispute adds reputational and permitting risk, although its direct financial effect remains unclear. Ashburn homeowners oppose Dominion power line

Dominion Energy Trading Down 1.2%

Shares of D opened at $66.64 on Friday. The firm has a market capitalization of $58.61 billion, a price-to-earnings ratio of 23.22 and a beta of 0.65. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. Dominion Energy Inc. has a 1-year low of $55.85 and a 1-year high of $72.99. The company has a 50-day moving average of $69.22 and a 200 day moving average of $65.61.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The business 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 company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, research analysts expect that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be issued 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 4.0%. Dominion Energy’s payout ratio is presently 93.03%.

About Dominion Energy

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.