DLD Asset Management LP acquired a new position in Dominion Energy Inc. (NYSE:D – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 41,249 shares of the utilities provider’s stock, valued at approximately $2,817,000.
Other institutional investors have also recently bought and sold shares of the company. Bryn Mawr Trust Advisors LLC bought a new position in Dominion Energy during the second quarter valued at about $7,346,000. Ausbil Investment Management Ltd purchased a new stake in Dominion Energy during the second quarter worth about $4,603,000. North Dakota State Investment Board bought a new stake in Dominion Energy in the fourth quarter worth about $1,715,000. Florida Trust Wealth Management Co raised its position in Dominion Energy by 51.6% in the second quarter. Florida Trust Wealth Management Co now owns 67,185 shares of the utilities provider’s stock worth $4,588,000 after acquiring an additional 22,870 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in Dominion Energy in the second quarter valued at about $7,645,000. Institutional investors own 73.04% of the company’s stock.
Dominion Energy Price Performance
D opened at $66.64 on Monday. The firm has a 50-day moving average price of $69.22 and a 200-day moving average price of $65.65. Dominion Energy Inc. has a twelve month low of $55.85 and a twelve month high of $72.99. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $58.61 billion, a price-to-earnings ratio of 23.22 and a beta of 0.65.
Dominion Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, September 4th. This represents a $2.67 annualized dividend and a dividend yield of 4.0%. Dominion Energy’s dividend payout ratio is currently 93.03%.
Analyst Ratings Changes
D has been the subject of a number of research reports. Morgan Stanley reduced their target price on shares of Dominion Energy from $71.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday. UBS Group set a $80.00 price objective on Dominion Energy in a research note on Wednesday. Wells Fargo & Company raised their target price on Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Mizuho boosted their target price on Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dominion Energy in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average target price of $69.93.
Check Out Our Latest Analysis on D
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 Company 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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