Canal Capital Management LLC Sells 104,623 Shares of Dominion Energy Inc. $D

Canal Capital Management LLC trimmed its holdings in Dominion Energy Inc. (NYSE:D) by 83.3% in the first quarter, Holdings Channel reports. The fund owned 20,957 shares of the utilities provider’s stock after selling 104,623 shares during the period. Canal Capital Management LLC’s holdings in Dominion Energy were worth $1,296,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Wellington Management Group LLP boosted its position in shares of Dominion Energy by 46.2% during 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 in the last quarter. Norges Bank bought a new stake in Dominion Energy in the fourth quarter worth approximately $655,142,000. Capital Research Global Investors increased its holdings in Dominion Energy by 22.4% in the third quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock worth $3,355,175,000 after purchasing an additional 10,049,691 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new position in Dominion Energy in the fourth quarter valued at approximately $125,495,000. Finally, State Street Corp lifted its stake in Dominion Energy by 3.6% in the fourth quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock valued at $2,848,662,000 after buying an additional 1,686,050 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

D has been the topic of several research analyst reports. Jefferies Financial Group raised shares of Dominion Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $65.00 to $76.00 in a research note on Thursday, May 28th. Bank of America lifted their price target on shares of Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Truist Financial cut their price objective on shares of Dominion Energy from $67.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. Mizuho raised 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, Seaport Research Partners lowered Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $67.62.

Dominion Energy Trading Down 0.2%

NYSE D opened at $69.59 on Friday. The business’s fifty day moving average is $66.19 and its 200-day moving average is $63.17. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.78 and a quick ratio of 0.61. The stock has a market capitalization of $61.20 billion, a price-to-earnings ratio of 20.59 and a beta of 0.65. Dominion Energy Inc. has a one year low of $55.36 and a one year high of $70.17.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same period in the previous year, the company posted $0.93 earnings per share. The business’s revenue was up 23.1% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities research analysts predict that Dominion Energy Inc. will post 3.59 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 20th. Investors of record on Friday, May 29th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Friday, May 29th. Dominion Energy’s payout ratio is currently 78.99%.

More Dominion Energy News

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

• Positive Sentiment: Dominion’s Loudoun County transmission-line project appears to be moving ahead, which supports long-term grid investment and data-center-related power demand in a key growth market. Loudoun homeowners appear to lose battle with Dominion’s data center transmission lines
• Positive Sentiment: Dominion is also hosting open houses as its “Power Line Loop” advances, suggesting continued progress on infrastructure tied to future electricity demand and reliability. As Power Line Loop Moves Forward, Dominion Hosts Open Houses
• Positive Sentiment: The company said it is prepared for extreme heat, which may reassure investors about near-term operational resilience during a period of elevated power demand. Dominion Energy says it’s ready for the extreme heat
• Neutral Sentiment: Analyst commentary continues to view Dominion as a “Hold,” indicating the market is not seeing a strong near-term catalyst from ratings alone. Dominion Energy Inc. Receives Average Rating of “Hold” from Analysts
• Neutral Sentiment: A market note said Dominion trades at a discount after a strong multiyear run, highlighting a mixed valuation debate rather than a clear bullish or bearish trigger. Dominion Energy (D) Stock Trades At A Discount Following Its 48% Run
• Negative Sentiment: The stock also underperformed peers in recent trading, which can weigh on sentiment even without a company-specific setback. Dominion Energy Inc. stock underperforms Tuesday when compared to competitors

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.