Diamond Hill Capital Management LLC Investment Advisor Purchases Shares of 257,835 Dominion Energy Inc. $D

Key Points

• Diamond Hill Capital Management initiated a Dominion Energy position by purchasing 257,835 shares valued at approximately $17.6 million. Institutional investors collectively own 73.04% of the utility’s stock.
• Dominion Energy reported quarterly EPS of $0.79, exceeding the $0.68 consensus estimate, while revenue rose 17.6% year over year to $4.48 billion. The company issued fiscal 2026 EPS guidance of $3.45–$3.69.
• The company declared a quarterly dividend of $0.6675, equivalent to an annualized $2.67 payout and a 3.9% yield. Analysts maintain a consensus “Hold” rating with an average price target of $68, slightly below the stock’s reported $68.76 opening price.

Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Dominion Energy Inc. (NYSE:D - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 257,835 shares of the utilities provider's stock, valued at approximately $17,608,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Planning LLC grew its stake in shares of Dominion Energy by 0.9% in the 2nd quarter. Cornerstone Planning LLC now owns 17,280 shares of the utilities provider's stock worth $1,180,000 after acquiring an additional 157 shares in the last quarter. Capital Analysts LLC raised its holdings in shares of Dominion Energy by 2.4% in the fourth quarter. Capital Analysts LLC now owns 6,651 shares of the utilities provider's stock valued at $390,000 after purchasing an additional 157 shares during the last quarter. Arlington Trust Co LLC lifted its position in shares of Dominion Energy by 47.1% during the second quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 160 shares in the last quarter. Navalign LLC boosted its holdings in Dominion Energy by 1.2% during the first quarter. Navalign LLC now owns 14,229 shares of the utilities provider's stock worth $880,000 after purchasing an additional 162 shares during the last quarter. Finally, Conning Inc. boosted its holdings in Dominion Energy by 0.5% during the fourth quarter. Conning Inc. now owns 33,217 shares of the utilities provider's stock worth $1,946,000 after purchasing an additional 176 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Down 0.0%

Dominion Energy stock opened at $68.76 on Monday. Dominion Energy Inc. has a twelve month low of $55.85 and a twelve month high of $72.99. The firm has a 50 day moving average price of $69.09 and a 200-day moving average price of $65.39. The company has a market capitalization of $60.48 billion, a P/E ratio of 23.96 and a beta of 0.65. 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 (NYSE:D - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same quarter last year, the business posted $0.75 EPS. Dominion Energy's quarterly revenue was up 17.6% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, equities 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 3.9%. Dominion Energy's payout ratio is presently 93.03%.

Analyst Ratings Changes

D has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on shares of Dominion Energy from $66.00 to $68.00 and gave the company an "overweight" rating in a research note on Friday, May 15th. Morgan Stanley decreased their price target on Dominion Energy from $69.00 to $68.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 21st. Royal Bank Of Canada lifted their price target on Dominion Energy from $66.00 to $72.00 and gave the stock a "sector perform" rating in a report on Tuesday, May 19th. Barclays reduced their price objective on Dominion Energy from $70.00 to $69.00 and set an "overweight" rating for the company in a research note on Tuesday, June 23rd. Finally, Wall Street Zen lowered Dominion Energy from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $68.00.

Key Headlines Impacting Dominion Energy

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

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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