Rakuten Investment Management Inc. Acquires 14,048 Shares of Dominion Energy Inc. $D

Rakuten Investment Management Inc. boosted its holdings in shares of Dominion Energy Inc. (NYSE:D) by 9.8% in the third quarter, HoldingsChannel reports. The firm owned 157,864 shares of the utilities provider’s stock after acquiring an additional 14,048 shares during the period. Rakuten Investment Management Inc.’s holdings in Dominion Energy were worth $9,573,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. bought a new position in Dominion Energy in the 2nd quarter valued at $4,986,439,000. Bank of America Corp DE bought a new stake in shares of Dominion Energy during the second quarter worth $996,984,000. Bank of New York Mellon Corp bought a new stake in shares of Dominion Energy during the second quarter worth $697,388,000. Legal & General Group Plc acquired a new stake in shares of Dominion Energy in the second quarter valued at $467,353,000. Finally, Pentwater Capital Management LP acquired a new stake in shares of Dominion Energy in the second quarter valued at $239,015,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy News Summary

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

• Positive Sentiment: Dominion reported third-quarter results above analyst expectations and raised its 2026 outlook, supporting the view that its operating performance is improving. Dominion Energy stock gains as Q3 earnings lift 2026 outlook
• Positive Sentiment: Dominion and NextEra agreed to additional customer protections in the proposed merger case. Those concessions could address some concerns and improve the proposal’s chances of winning regulatory support. NextEra, Dominion strengthen proposed merger with additional customer protections
• Neutral Sentiment: Public hearings on the merger have begun, moving the review forward but leaving the outcome dependent on regulators and public input. Public hearings for the NextEra-Dominion merger have begun
• Negative Sentiment: Dominion and NextEra accepted some proposed safeguards but rejected a rate and staffing freeze. That leaves potential customer-cost and employment concerns unresolved and could complicate approval of the merger. Dominion-NextEra accept some proposed protections in Va. merger case, reject rate and staffing freeze

Dominion Energy Stock Performance

D stock opened at $69.73 on Friday. The company has a 50 day moving average price of $63.91 and a 200 day moving average price of $64.94. 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 1.46, a current ratio of 0.88 and a quick ratio of 0.64. The stock has a market capitalization of $61.33 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 3.24 and a beta of 0.62.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, October 30th. The utilities provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. The firm had revenue of $5.62 billion for the quarter, compared to analyst estimates of $4.90 billion. Dominion Energy had a return on equity of 10.09% and a net margin of 13.99%. The business’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same period last year, the company earned $1.06 EPS. Analysts forecast that Dominion Energy Inc. will post 3.59 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 20th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, December 4th. Dominion Energy’s dividend payout ratio is 88.70%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on D shares. Mizuho set a $68.00 price target on Dominion Energy in a report on Monday. Truist Financial reduced their price target on shares of Dominion Energy from $66.00 to $62.00 and set a “hold” rating on the stock in a research report on Monday, October 12th. Morgan Stanley decreased their price objective on shares of Dominion Energy from $68.00 to $66.00 and set an “equal weight” rating on the stock in a report on Friday, September 18th. UBS Group set a $80.00 price objective on shares of Dominion Energy in a research report on Wednesday, August 19th. Finally, TD Cowen upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from $69.00 to $80.00 in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $69.33.

Dominion Energy Company Profile

Dominion Energy, Inc is a regulated energy company headquartered in Richmond, Virginia. Through its utility operations, the company generates, transmits and distributes electricity and provides natural gas distribution services to residential, commercial, industrial and governmental customers, primarily in Virginia and South Carolina.

The company operates a diversified power-generation portfolio that includes nuclear, natural gas, renewable energy and other resources. Its activities also include electricity transmission infrastructure, renewable energy development and natural gas utility operations.