Daiichi Life Insurance Co. Ltd. Invests $7.21 Million in Dominion Energy Inc. $D

Key Points

• Daiichi Life Insurance purchased 105,641 Dominion Energy shares worth approximately $7.21 million, while institutional investors collectively own 73.04% of the company.
• Dominion’s proposed NextEra transaction faces political and regulatory opposition that could delay approval or reduce its expected benefits, despite TD Cowen upgrading the stock to “buy.”
• Dominion beat quarterly earnings and revenue expectations, and announced a $0.6675 quarterly dividend, equating to a 4.0% annualized yield; analysts nevertheless maintain a consensus “Hold” rating with a $69.93 price target.

Daiichi Life Insurance Co. Ltd. purchased a new stake in Dominion Energy Inc. (NYSE:D - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 105,641 shares of the utilities provider's stock, valued at approximately $7,214,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of D. BlackRock Inc. bought a new stake in shares of Dominion Energy during the second quarter worth about $4,986,439,000. Wellington Management Group LLP lifted its position in Dominion Energy by 46.2% in 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 acquiring an additional 14,197,581 shares in the last quarter. Norges Bank acquired a new position in Dominion Energy during the 4th quarter valued at about $655,142,000. Bank of New York Mellon Corp acquired a new position in Dominion Energy during the 2nd quarter valued at about $697,388,000. Finally, Capital Research Global Investors increased its holdings 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 purchasing an additional 4,940,692 shares in 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: 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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on Dominion Energy from $66.00 to $68.00 and gave the company an "overweight" rating in a report on Friday, May 15th. UBS Group set a $80.00 price target on Dominion Energy in a report on Wednesday. Royal Bank Of Canada increased their price target on Dominion Energy from $66.00 to $72.00 and gave the company a "sector perform" rating in a research report on Tuesday, May 19th. TD Cowen upgraded Dominion Energy from a "hold" rating to a "buy" rating and raised their price objective for the company from $69.00 to $80.00 in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Dominion Energy in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Dominion Energy presently has a consensus rating of "Hold" and a consensus price target of $69.93.

Dominion Energy Stock Performance

NYSE D opened at $66.64 on Friday. The company has a market capitalization of $58.61 billion, a PE ratio of 23.22 and a beta of 0.65. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. 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 simple moving average of $69.22 and a 200 day simple moving average of $65.61.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results 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 firm had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.04 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The company'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. On average, research analysts predict that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be paid a $0.6675 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.67 annualized dividend and a dividend yield of 4.0%. Dominion Energy's payout ratio is presently 93.03%.

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.

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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