Ieq Capital LLC acquired a new position in shares of Dominion Energy Inc. (NYSE:D – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 82,217 shares of the utilities provider’s stock, valued at approximately $5,615,000.
Several other hedge funds and other institutional investors have also bought and sold shares of D. Vanguard Group Inc. boosted its position in Dominion Energy by 0.9% during the fourth 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 last quarter. BlackRock Inc. bought a new position in shares of Dominion Energy in the 2nd quarter worth about $4,986,439,000. Capital Research Global Investors raised its position in shares of Dominion Energy by 9.0% in the 4th quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider’s stock worth $3,503,142,000 after acquiring an additional 4,940,692 shares in the last quarter. State Street Corp lifted its stake in shares of Dominion Energy by 3.6% in the 4th quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock valued at $2,848,662,000 after purchasing an additional 1,686,050 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Dominion Energy by 46.2% in the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock valued at $2,633,253,000 after purchasing an additional 14,197,581 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.
Dominion Energy Stock Up 0.1%
D stock opened at $66.64 on Monday. The stock’s 50 day simple moving average is $69.22 and its 200 day simple moving average is $65.65. Dominion Energy Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $72.99. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. The company has a market cap of $58.61 billion, a P/E ratio of 23.22 and a beta of 0.65.
Dominion Energy Announces Dividend
The firm 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 $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy’s dividend payout ratio (DPR) is 93.03%.
Analyst Ratings Changes
D has been the subject of several recent analyst reports. Jefferies Financial Group raised Dominion Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $65.00 to $76.00 in a research note on Thursday, May 28th. Barclays dropped their price target on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Dominion Energy in a report on Wednesday. Royal Bank Of Canada increased their price target on Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Finally, Truist Financial lowered their price objective on shares of Dominion Energy from $68.00 to $66.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $69.93.
Get Our Latest Stock Report on Dominion Energy
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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