162,221 Shares in Dominion Energy Inc. $D Purchased by Everett Harris & Co. CA

Key Points

• Everett Harris & Co. CA purchased 162,221 Dominion Energy shares worth approximately $11.1 million in the second quarter. Institutional investors and hedge funds collectively own 73.04% of the company.
• Dominion Energy exceeded quarterly expectations, reporting $0.79 in EPS versus a $0.68 consensus estimate and $4.48 billion in revenue, up 17.6% year over year. The company also announced a quarterly dividend of $0.6675 per share, representing a 3.9% annualized yield.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $68 price target. Potential long-term support from data-center electricity demand contrasts with concerns over proposed customer rate increases and scrutiny surrounding the proposed $67 billion NextEra Energy merger.

Everett Harris & Co. CA purchased a new position in shares of Dominion Energy Inc. (NYSE:D - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 162,221 shares of the utilities provider's stock, valued at approximately $11,078,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Motiv8 Investments LLC acquired a new stake in shares of Dominion Energy in the fourth quarter worth $25,000. Triumph Capital Management purchased a new position in shares of Dominion Energy during the third quarter worth $28,000. Beacon Financial Strategies CORP lifted its position in Dominion Energy by 269.2% during the second quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 350 shares during the period. Blueline Advisors LLC purchased a new stake in Dominion Energy in the fourth quarter valued at $28,000. Finally, JPL Wealth Management LLC purchased a new stake in Dominion Energy in the third quarter valued at $30,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

D has been the subject of a number of recent research reports. Seaport Research Partners lowered Dominion Energy from a "buy" rating to a "hold" rating in a research note on Wednesday, May 20th. Weiss Ratings upgraded Dominion Energy from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, May 22nd. BMO Capital Markets raised their target price on Dominion Energy from $64.00 to $70.00 and gave the stock a "market perform" rating in a report on Wednesday, July 22nd. Mizuho lifted their price target on Dominion Energy from $66.00 to $72.00 and gave the company a "neutral" rating in a research report on Tuesday, May 26th. Finally, 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 report on Thursday, May 28th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $68.00.

Dominion Energy Stock Up 0.3%

Shares of NYSE D opened at $68.76 on Friday. The firm has a market cap of $60.48 billion, a price-to-earnings ratio of 23.96 and a beta of 0.65. The company's 50-day simple moving average is $69.09 and its 200-day simple moving average is $65.36. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.43. 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 released its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.11. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The company's revenue for the quarter was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities analysts predict that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, September 4th. Dominion Energy's dividend payout ratio (DPR) is 93.03%.

Key Headlines Impacting Dominion Energy

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

• Positive Sentiment: Dominion’s potential exposure to rising electricity demand from data centers is keeping the utility in focus. Growth in large-load customers could support long-term earnings and rate-base expansion. Why Is Dominion Energy in Focus as Data Center Demand Grows?
• Positive Sentiment: The Virginia State Corporation Commission ordered Dominion to directly assign some transmission costs to data centers and may consider extending the policy to additional upstream costs. Shifting more infrastructure costs to large customers could reduce pressure on residential ratepayers and improve the economics of serving data centers. Dominion Ordered to Assign Transmission Costs to Data Centers
• Positive Sentiment: Dominion completed tower upgrades and restoration work at the Lake Murray Dam and Saluda Hydroelectric Project in South Carolina. The completion strengthens the company’s hydroelectric infrastructure, although temporary boating restrictions remain. Dominion Completes Lake Murray Tower Upgrades
• Neutral Sentiment: Dominion Energy’s foundation opened its fall grant application period for nonprofits, while the company also issued customer energy-saving advice during the heat. These announcements support community relations but are unlikely to materially affect near-term earnings. Dominion Energy Foundation Opens Fall Grant Applications
• Negative Sentiment: Truist lowered its Dominion price target to $66 from $68 and maintained a “hold” rating, signaling limited expected upside from current levels. Truist Lowers Dominion Energy Price Target
• Negative Sentiment: Dominion is seeking approval for higher fuel-cost charges in North Carolina that could add roughly $23 per month to some customers’ bills. Proposed rate increases may improve cost recovery but risk political backlash, customer resistance and regulatory delays. Dominion Seeks North Carolina Fuel-Cost Increase
• Negative Sentiment: The proposed $67 billion merger with NextEra Energy is facing customer and political concerns, including questions about regulatory oversight and recusal issues involving Virginia officials. Increased scrutiny could complicate approval or extend the transaction timeline. Dominion Customers Raise Concerns Over NextEra Merger

Dominion Energy Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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