Magellan Asset Management Ltd Makes New Investment in Dominion Energy Inc. $D

Magellan Asset Management Ltd bought a new position in Dominion Energy Inc. (NYSE:D) during the second quarter, Holdings Channel.com reports. The firm bought 2,690,485 shares of the utilities provider’s stock, valued at approximately $183,733,000. Dominion Energy makes up about 4.1% of Magellan Asset Management Ltd’s portfolio, making the stock its 8th biggest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Motiv8 Investments LLC purchased a new position in Dominion Energy in the fourth quarter worth $25,000. Blueline Advisors LLC purchased a new position in shares of Dominion Energy in the 4th quarter worth about $28,000. Triumph Capital Management bought a new position in Dominion Energy during the third quarter valued at about $28,000. Costello Asset Management INC increased its holdings in Dominion Energy by 66.7% during the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock worth $29,000 after buying an additional 200 shares during the last quarter. Finally, Advocate Investing Services LLC purchased a new stake in Dominion Energy during the fourth quarter worth about $29,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

D has been the topic of a number of research reports. TD Cowen raised shares of Dominion Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $69.00 to $80.00 in a report on Wednesday. Seaport Research Partners lowered Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Truist Financial lowered their price objective on Dominion Energy from $68.00 to $66.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dominion Energy in a report on Wednesday. Finally, Jefferies Financial Group upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $65.00 to $76.00 in a research note on Thursday, May 28th. 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 stock. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $69.93.

Dominion Energy Stock Performance

NYSE D opened at $66.64 on Monday. The company’s 50 day simple moving average is $69.22 and its two-hundred day simple moving average is $65.65. 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 stock has a market capitalization of $58.61 billion, a PE ratio of 23.22 and a beta of 0.65.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.11. The firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Analysts predict that Dominion Energy Inc. will post 3.57 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, September 4th. Dominion Energy’s dividend payout ratio (DPR) is 93.03%.

Dominion Energy News Summary

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 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.