10,212,160 Shares in Dominion Energy Inc. $D Bought by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 10.2 million Dominion Energy shares in the second quarter, valued at approximately $697.4 million and representing a 1.16% stake. Institutional investors collectively own 73.04% of the utility company.
• Analysts maintain a generally cautious outlook, with five Buy, nine Hold and one Sell rating; the consensus rating is Hold with an average price target of $69.93.
• Dominion Energy exceeded quarterly expectations with $0.79 in EPS and $4.48 billion in revenue, while maintaining a quarterly dividend of $0.6675 per share, equivalent to a 4.0% yield.

Bank of New York Mellon Corp purchased a new stake in Dominion Energy Inc. (NYSE:D - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,212,160 shares of the utilities provider's stock, valued at approximately $697,388,000. Bank of New York Mellon Corp owned approximately 1.16% of Dominion Energy as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in D. Vanguard Group Inc. lifted its position in Dominion Energy by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 107,099,758 shares of the utilities provider's stock worth $6,274,975,000 after buying an additional 940,838 shares during the period. Capital Research Global Investors lifted its holdings in shares of Dominion Energy by 9.0% during the 4th quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider's stock worth $3,503,142,000 after acquiring an additional 4,940,692 shares during the period. State Street Corp boosted its position in shares of Dominion Energy by 3.6% in the fourth quarter. State Street Corp now owns 48,620,273 shares of the utilities provider's stock worth $2,848,662,000 after acquiring an additional 1,686,050 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Dominion Energy by 46.2% in the fourth quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider's stock worth $2,633,253,000 after acquiring an additional 14,197,581 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Dominion Energy by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 20,442,935 shares of the utilities provider's stock valued at $1,196,056,000 after purchasing an additional 314,932 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada increased their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a "sector perform" rating in a research note on Tuesday, May 19th. Barclays cut their target price on Dominion Energy from $70.00 to $69.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 23rd. BMO Capital Markets lifted their target price on Dominion Energy from $64.00 to $70.00 and gave the company a "market perform" rating in a report on Wednesday, July 22nd. Jefferies Financial Group raised Dominion Energy from a "hold" rating to a "buy" rating and boosted their price target for the company from $65.00 to $76.00 in a research report on Thursday, May 28th. Finally, Seaport Research Partners lowered Dominion Energy from a "buy" rating to a "hold" rating in a research note on Wednesday, May 20th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $69.93.

Trending Headlines about Dominion Energy

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

• Positive Sentiment: TD Cowen upgraded Dominion Energy, citing what it sees as favorable odds for the proposed merger and additional upside potential. The upgrade may support the stock by reinforcing expectations that the $67 billion transaction can proceed. 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 reduce project costs and provide a modest financial benefit, although the size and timing of the refund were not specified. Dominion says they’re getting a Trump Tariff refund
• Neutral Sentiment: The proposed Dominion-NextEra merger remains under review roughly three months after its announcement. The South Carolina timeline is receiving scrutiny, while the chair of Virginia’s State Corporation Commission said she will not recuse herself from the case. These developments keep the regulatory process active but do not resolve the approval outlook. Where the proposed $67B Dominion-NextEra merger stands
• Negative Sentiment: Governors in Virginia, Maine and Massachusetts have expressed skepticism or warned that the merger could reduce competition and increase energy costs. Regulators may therefore impose tougher conditions, delay approval or challenge the transaction, weakening the near-term investment case. Maine governor merger concerns
• Negative Sentiment: Ashburn homeowners say opposing a Dominion power-line project could cost them hundreds of thousands of dollars, highlighting ongoing local opposition and potential permitting or construction friction. Ashburn homeowners power-line dispute

Dominion Energy Stock Performance

Dominion Energy stock opened at $67.38 on Friday. The firm has a market capitalization of $59.26 billion, a PE ratio of 23.48 and a beta of 0.65. Dominion Energy Inc. has a one year low of $55.85 and a one year high of $72.99. The stock's 50 day moving average price is $69.24 and its 200 day moving average price is $65.61. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.11. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates 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 last year, the firm posted $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, sell-side analysts expect that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy's dividend payout ratio (DPR) is currently 93.03%.

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.

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