Pentwater Capital Management LP Acquires Shares of 3,500,000 Dominion Energy Inc. $D

Pentwater Capital Management LP bought a new stake in Dominion Energy Inc. (NYSE:D) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,500,000 shares of the utilities provider’s stock, valued at approximately $239,015,000. Dominion Energy comprises 1.5% of Pentwater Capital Management LP’s holdings, making the stock its 15th largest holding. Pentwater Capital Management LP owned 0.40% of Dominion Energy as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Cornerstone Planning LLC lifted its stake in Dominion Energy by 0.9% in the 2nd quarter. Cornerstone Planning LLC now owns 17,280 shares of the utilities provider’s stock worth $1,180,000 after purchasing an additional 157 shares in the last quarter. Capital Analysts LLC increased its holdings in shares of Dominion Energy by 2.4% in the fourth quarter. Capital Analysts LLC now owns 6,651 shares of the utilities provider’s stock valued at $390,000 after purchasing an additional 157 shares during the last quarter. Arlington Trust Co LLC lifted its position in Dominion Energy by 47.1% during the second quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider’s stock worth $34,000 after buying an additional 160 shares in the last quarter. Navalign LLC boosted its stake in Dominion Energy by 1.2% during the first quarter. Navalign LLC now owns 14,229 shares of the utilities provider’s stock worth $880,000 after buying an additional 162 shares during the last quarter. Finally, Conning Inc. grew its holdings in Dominion Energy by 0.5% in the 4th quarter. Conning Inc. now owns 33,217 shares of the utilities provider’s stock valued at $1,946,000 after buying an additional 176 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

Shares of D opened at $66.93 on Thursday. The firm has a 50-day simple moving average of $69.13 and a two-hundred day simple moving average of $65.75. The stock has a market cap of $58.87 billion, a PE ratio of 23.32 and a beta of 0.65. Dominion Energy Inc. has a 1-year low of $55.85 and a 1-year high of $72.99. 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 (NYSE:D) last posted its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The firm had revenue of $4.48 billion during 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 firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the company posted $0.75 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, analysts forecast that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 annualized dividend and a yield of 4.0%. Dominion Energy’s dividend payout ratio is presently 93.03%.

Analyst Ratings Changes

Several research firms have recently commented on D. Jefferies Financial Group upgraded Dominion Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $76.00 in a report on Thursday, May 28th. Wells Fargo & Company lifted their target price 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. Weiss Ratings reissued a “buy (b)” rating on shares of Dominion Energy in a research note on Wednesday, August 19th. BMO Capital Markets lifted their price target on shares of Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, July 22nd. Finally, Morgan Stanley lowered their price objective on Dominion Energy from $71.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Five investment 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $69.93.

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.