Aberdeen Group plc Has $18.01 Million Stock Position in Dominion Energy Inc. $D

Key Points

• Aberdeen Group plc cut its Dominion Energy stake by 40.4% in the second quarter, selling 178,446 shares and retaining 263,727 shares valued at approximately $18.01 million. Institutional investors and hedge funds collectively own 73.04% of the company.
• Analyst sentiment remains mixed: Dominion has four Buy, ten Hold and one Sell rating, resulting in a consensus Hold rating and a $68 price target. Jefferies upgraded the stock to Buy with a $76 target, while other analysts made more modest target changes.
• Dominion exceeded quarterly expectations with $0.79 in EPS and $4.48 billion in revenue, up 17.6% year over year. The company declared a quarterly dividend of $0.6675 per share, equivalent to a $2.67 annual payout and a 3.9% yield.

Aberdeen Group plc reduced its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 40.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 263,727 shares of the utilities provider's stock after selling 178,446 shares during the quarter. Aberdeen Group plc's holdings in Dominion Energy were worth $18,010,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of D. New Republic Capital LLC boosted its stake in shares of Dominion Energy by 54.7% during the second quarter. New Republic Capital LLC now owns 10,705 shares of the utilities provider's stock valued at $731,000 after purchasing an additional 3,784 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Dominion Energy by 8.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 158,913 shares of the utilities provider's stock worth $10,852,000 after buying an additional 13,042 shares during the period. AGP Franklin LLC raised its stake in shares of Dominion Energy by 6.4% during the second quarter. AGP Franklin LLC now owns 23,357 shares of the utilities provider's stock valued at $1,595,000 after acquiring an additional 1,404 shares during the last quarter. Carnegie Investment Counsel raised its stake in shares of Dominion Energy by 4.2% during the second quarter. Carnegie Investment Counsel now owns 8,429 shares of the utilities provider's stock valued at $576,000 after acquiring an additional 336 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Dominion Energy by 3.6% during the second quarter. Assetmark Inc. now owns 173,368 shares of the utilities provider's stock worth $11,839,000 after purchasing an additional 5,968 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

D has been the topic of several recent research reports. Jefferies Financial Group raised Dominion Energy from a "hold" rating to a "buy" rating and lifted their target price for the stock from $65.00 to $76.00 in a report on Thursday, May 28th. Mizuho increased their price target on Dominion Energy from $66.00 to $72.00 and gave the company a "neutral" rating in a research note on Tuesday, May 26th. Wells Fargo & Company raised their price objective on Dominion Energy from $66.00 to $68.00 and gave the stock an "overweight" rating in a research report on Friday, May 15th. Morgan Stanley cut their price objective on Dominion Energy from $69.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 21st. Finally, Weiss Ratings upgraded Dominion Energy from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, May 22nd. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and a consensus target price of $68.00.

Dominion Energy News Roundup

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 Price Performance

NYSE D opened at $68.76 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.43. The company has a market cap of $60.48 billion, a PE ratio of 23.96 and a beta of 0.65. Dominion Energy Inc. has a 52 week low of $55.85 and a 52 week high of $72.99. The firm's 50-day simple moving average is $69.09 and its two-hundred day simple moving average is $65.36.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 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 analysts' expectations of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. Dominion Energy's revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Research analysts predict that Dominion Energy Inc. will post 3.57 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed 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 3.9%. Dominion Energy's payout ratio is currently 93.03%.

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.

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