Payden & Rygel reduced its holdings in shares of Dominion Energy Inc. (NYSE:D – Free Report) by 23.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 238,900 shares of the utilities provider’s stock after selling 74,900 shares during the period. Payden & Rygel’s holdings in Dominion Energy were worth $14,458,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bryn Mawr Trust Advisors LLC acquired a new position in shares of Dominion Energy in the 2nd quarter worth approximately $7,346,000. Ausbil Investment Management Ltd bought a new position in shares of Dominion Energy during the 2nd quarter worth approximately $4,603,000. Florida Trust Wealth Management Co boosted its stake in Dominion Energy by 51.6% in the 2nd quarter. Florida Trust Wealth Management Co now owns 67,185 shares of the utilities provider’s stock valued at $4,588,000 after buying an additional 22,870 shares in the last quarter. Compass Financial Management LLC acquired a new stake in Dominion Energy in the 2nd quarter valued at $1,141,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Dominion Energy in the second quarter valued at $7,645,000. Institutional investors own 73.04% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on D shares. UBS Group set a $80.00 price objective on Dominion Energy in a research note on Wednesday, August 19th. Scotiabank cut their price objective on Dominion Energy from $67.00 to $63.00 and set a “sector perform” rating for the company in a report on Wednesday, September 30th. Weiss Ratings downgraded shares of Dominion Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Barclays lowered their target price on shares of Dominion Energy from $69.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Finally, TD Cowen upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $69.00 to $80.00 in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $69.27.
Check Out Our Latest Report on Dominion Energy
Dominion Energy Price Performance
Dominion Energy stock opened at $66.69 on Friday. 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 firm has a market cap of $58.66 billion, a P/E ratio of 23.24, a P/E/G ratio of 3.02 and a beta of 0.64. The business’s fifty day moving average is $63.77 and its two-hundred day moving average is $64.77. Dominion Energy Inc. has a 52 week low of $55.85 and a 52 week high of $72.99.
Dominion Energy (NYSE:D – Get Free Report) last announced its earnings results on Friday, October 30th. The utilities provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.21 by $0.07. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%. The company had revenue of $5.62 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the prior year, the business earned $1.06 earnings per share. The business’s revenue for the quarter was up 24.1% on a year-over-year basis. Equities research analysts forecast that Dominion Energy Inc. will post 3.59 earnings per share for the current fiscal year.
Dominion Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 20th. Shareholders of record on Friday, December 4th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $2.67 dividend on an annualized basis and a yield of 4.0%. Dominion Energy’s dividend payout ratio is currently 93.03%.
Dominion Energy News Summary
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Quarterly results beat expectations. Dominion’s GAAP net income rose to $1.2 billion, or $1.30 per share, from $1.0 billion, or $1.16 per share, in the prior-year quarter. The earnings and revenue beats support the stock’s upward move. Dominion Energy Announces Third-Quarter 2026 Results
- Positive Sentiment: Growth opportunities remain favorable. Management said data-center demand increased 13% year over year, while the company’s offshore wind project is nearing completion. These trends could support future electricity demand and rate-base growth. Dominion Energy Q3 2026 Earnings Call Transcript
- Neutral Sentiment: Dominion’s long-term investment plan points to continued capital spending. The company outlined additional solar farms and natural-gas plants, which may expand its regulated asset base but also require significant financing and execution. Dominion’s 20-Year Plan
- Negative Sentiment: Regulatory and customer-cost issues remain risks. Dominion is seeking approval to recover Regional Greenhouse Gas Initiative costs from customers, potentially adding as much as $13 per month to some bills. Public questions about undergrounding power lines and higher projected bills could complicate regulatory approvals and customer relations. Dominion Asks SCC to Recoup RGGI Costs
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.
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