Axxcess Wealth Management LLC Takes $1.97 Million Position in Dominion Energy Inc. $D

Key Points

• Axxcess Wealth Management initiated a $1.97 million position in Dominion Energy, buying 28,802 shares during the second quarter. Institutional investors collectively own 73.04% of the company.
• Dominion Energy exceeded quarterly expectations, reporting $0.79 in EPS and $4.48 billion in revenue, while revenue increased 17.6% year over year. The company maintained 2026 EPS guidance of $3.45–$3.69.
• The stock traded near $68.55, with analysts holding a consensus “Hold” rating and an average $68 price target. Dominion also declared a quarterly dividend of $0.6675, representing a 3.9% annualized yield.

Axxcess Wealth Management LLC bought a new position in shares of Dominion Energy Inc. (NYSE:D - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 28,802 shares of the utilities provider's stock, valued at approximately $1,967,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of D. Vanguard Group Inc. grew its holdings in shares of Dominion Energy by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 107,099,758 shares of the utilities provider's stock worth $6,274,975,000 after purchasing an additional 940,838 shares during the last quarter. Capital Research Global Investors grew its position in 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 last quarter. State Street Corp increased its holdings in Dominion Energy by 3.6% during the 4th quarter. State Street Corp now owns 48,620,273 shares of the utilities provider's stock valued at $2,848,662,000 after purchasing an additional 1,686,050 shares in the last quarter. Wellington Management Group LLP increased its holdings in Dominion Energy by 46.2% during the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider's stock valued at $2,633,253,000 after purchasing an additional 14,197,581 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Dominion Energy by 1.6% in the 4th 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 last quarter. Institutional investors own 73.04% of the company's stock.

Dominion Energy News Roundup

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

• Positive Sentiment: Data-center demand supports long-term growth. Virginia’s expanding data-center sector is increasing electricity demand and could provide Dominion with additional load growth and investment opportunities. The Virginia State Corporation Commission also ordered certain transmission costs to be assigned directly to data centers, potentially limiting the burden on other customers and Dominion’s broader rate base. Why Is Dominion Energy in Focus as Data Center Demand Grows Today? Dominion ordered to directly assign some transmission costs to data centers
• Positive Sentiment: Lake Murray dam restoration is complete. Dominion completed tower upgrades and restoration work at the Saluda Hydroelectric Project, a favorable infrastructure milestone that may improve asset reliability and reduce execution uncertainty. Temporary boating restrictions remain around the dam as final safety measures are completed. Dominion Energy completes Lake Murray Dam restoration project
• Neutral Sentiment: Dominion rejected claims regarding Ashburn power lines. The company denied allegations that it ignored an alternative plan, keeping attention on its Virginia transmission development and stakeholder disputes without an immediate financial impact. Dominion denies Congressman’s claims about Ashburn power lines
• Negative Sentiment: Fuel-cost requests could increase customer bills. Dominion is seeking approval in North Carolina to recover higher fuel costs, potentially adding roughly $23 per month for some customers. Although recovery could protect cash flow, higher bills may create political and regulatory resistance. Dominion seeks increase for fuel costs
• Negative Sentiment: Truist cut its price target and maintained a Hold rating. The target was reduced from $68 to $66, signaling limited near-term upside and adding pressure to the shares. Truist lowers Dominion Energy price target
• Negative Sentiment: Merger oversight remains contentious. Questions about potential conflicts involving the Virginia SCC chair’s review of the NextEra-Dominion merger could prolong regulatory scrutiny and increase uncertainty around the transaction. Concerns over Virginia SCC chair and NextEra-Dominion merger

Analysts Set New Price Targets

A number of brokerages have commented on D. Weiss Ratings raised shares of Dominion Energy from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, May 22nd. Mizuho upped 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. Jefferies Financial Group upgraded shares of Dominion Energy from a "hold" rating to a "buy" rating and lifted their price target for the stock from $65.00 to $76.00 in a research report on Thursday, May 28th. Truist Financial reduced their price objective on shares of Dominion Energy from $68.00 to $66.00 and set a "hold" rating on the stock in a research note on Thursday. Finally, Wall Street Zen lowered shares of Dominion Energy from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Dominion Energy currently has a consensus rating of "Hold" and an average price target of $68.00.

Dominion Energy Stock Up 0.7%

Dominion Energy stock opened at $68.55 on Friday. The firm has a market capitalization of $60.29 billion, a price-to-earnings ratio of 23.88 and a beta of 0.65. The company's 50 day simple moving average is $69.05 and its 200 day simple moving average is $65.33. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. Dominion Energy Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $72.99.

Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, beating 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 earnings per share. The business's quarterly revenue was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, sell-side analysts anticipate that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be given a $0.6675 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.67 annualized dividend and a dividend 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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