Blue Capital Inc. Takes Position in Dominion Energy Inc. $D

Key Points

• Blue Capital initiated a $2.67 million position in Dominion Energy during the second quarter, buying 39,062 shares. Institutional investors and hedge funds collectively own 73.04% of the utility’s stock.
• Dominion reported stronger-than-expected quarterly results, with earnings per share of $0.79 versus estimates of $0.68 and revenue of $4.48 billion, up 17.6% year over year.
• Analyst sentiment remains mixed: several firms upgraded the stock, but the overall consensus is still “Hold” with a $69.93 target price. The company also offers a 4.0% dividend yield, while regulatory scrutiny of its proposed NextEra transaction remains a key risk.

Blue Capital Inc. purchased a new stake in Dominion Energy Inc. (NYSE:D - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 39,062 shares of the utilities provider's stock, valued at approximately $2,668,000. Dominion Energy makes up approximately 1.7% of Blue Capital Inc.'s investment portfolio, making the stock its 18th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of 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 purchasing an additional 940,838 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Dominion Energy in the 2nd quarter valued at about $4,986,439,000. Capital Research Global Investors grew its stake 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 buying an additional 4,940,692 shares during the last quarter. State Street Corp increased its position in Dominion Energy by 3.6% during the fourth quarter. State Street Corp now owns 48,620,273 shares of the utilities provider's stock worth $2,848,662,000 after buying an additional 1,686,050 shares during the period. Finally, Wellington Management Group LLP increased its position in Dominion Energy by 46.2% during 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 buying an additional 14,197,581 shares during the period. Institutional investors and hedge funds own 73.04% of the company's stock.

Analyst Ratings Changes

D has been the topic of a number of research reports. Weiss Ratings restated a "buy (b)" rating on shares of Dominion Energy in a research report on Wednesday. BMO Capital Markets increased their price target on shares of Dominion Energy from $64.00 to $70.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 22nd. TD Cowen raised shares of Dominion Energy from a "hold" rating to a "buy" rating and raised their price objective for the stock from $69.00 to $80.00 in a research report on Wednesday. UBS Group set a $80.00 price objective on shares of Dominion Energy in a research note on Wednesday. Finally, Jefferies Financial Group upgraded shares of Dominion Energy from a "hold" rating to a "buy" rating and increased their target price for the stock from $65.00 to $76.00 in a research note on Thursday, May 28th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $69.93.

Dominion Energy Price Performance

NYSE:D opened at $66.64 on Friday. Dominion Energy Inc. has a 12-month low of $55.85 and a 12-month high of $72.99. The firm has a market cap of $58.61 billion, a price-to-earnings ratio of 23.22 and a beta of 0.65. The company's 50-day moving average is $69.22 and its two-hundred day moving average is $65.61. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43.

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 for the quarter, beating analysts' consensus estimates of $0.68 by $0.11. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the previous year, the business posted $0.75 earnings per share. The company's 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. Research analysts expect that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be given 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 4.0%. Dominion Energy's dividend payout ratio is 93.03%.

Dominion Energy News Summary

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

• Positive Sentiment: TD Cowen upgraded Dominion Energy, citing what it views as favorable odds for the NextEra transaction and additional upside potential. 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 provide a modest cash-flow benefit. Dominion says they’re getting a Trump Tariff refund
• Neutral Sentiment: Morgan Stanley lowered its Dominion price target from $71 to $68 and assigned an “equal weight” rating. The revised target still implies limited upside, but the reduction signals more cautious expectations. Morgan Stanley lowers Dominion Energy price target
• Neutral Sentiment: Analysts collectively maintain a “Hold” consensus rating, suggesting Wall Street sees a relatively balanced risk-reward profile. Dominion Energy receives consensus Hold rating
• Negative Sentiment: The proposed NextEra merger continues to face political and regulatory scrutiny. Virginia, Maine and Massachusetts officials have raised concerns about competition and potential increases in energy costs, while South Carolina regulators are examining the transaction timeline. These objections could delay approval, increase required concessions or reduce the deal’s expected benefits. Maine governor raises concerns about NextEra-Dominion merger
• Negative Sentiment: Local homeowners are opposing a Dominion power-line project, citing potentially significant costs and property impacts. The dispute adds reputational and permitting risk, although its direct financial effect remains unclear. Ashburn homeowners oppose Dominion power line

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.

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