Altman Advisors Inc. Makes New $1.78 Million Investment in Dominion Energy Inc. $D

Altman Advisors Inc. acquired a new stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 26,019 shares of the utilities provider's stock, valued at approximately $1,777,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vise Technologies Inc. purchased a new stake in Dominion Energy during the second quarter valued at about $3,031,000. E Fund Management Co. Ltd. acquired a new position in shares of Dominion Energy in the 2nd quarter valued at about $204,000. MSH Capital Advisors LLC acquired a new stake in Dominion Energy during the 2nd quarter worth approximately $286,000. MidAtlantic Capital Management Inc. purchased a new position in Dominion Energy in the second quarter valued at approximately $245,000. Finally, Frazier Financial Advisors LLC purchased a new position in Dominion Energy in the second quarter valued at approximately $31,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Down 1.3%

Shares of NYSE:D opened at $67.38 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. Dominion Energy Inc. has a 52-week low of $55.85 and a 52-week high of $72.99. The company has a 50 day moving average of $69.24 and a two-hundred day moving average of $65.61. The company has a market capitalization of $59.26 billion, a price-to-earnings ratio of 23.48 and a beta of 0.65.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.11. The business 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%. The business's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, analysts forecast that Dominion Energy Inc. will post 3.57 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Mizuho boosted their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 26th. Weiss Ratings raised shares of Dominion Energy from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, May 22nd. Seaport Research Partners lowered shares of Dominion Energy from a "buy" rating to a "hold" rating in a report on Wednesday, May 20th. Truist Financial decreased their price target on shares of Dominion Energy from $68.00 to $66.00 and set a "hold" rating for the company in a research report on Thursday, August 13th. Finally, TD Cowen upgraded Dominion Energy from a "hold" rating to a "buy" rating and increased their price target for the company from $69.00 to $80.00 in a report on Wednesday. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $69.93.

Dominion Energy News Roundup

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 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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