Dominion Energy Inc. $D Position Trimmed by M&T Bank Corp

Key Points

• M&T Bank Corp trimmed its stake in Dominion Energy by 95.9% in Q4, selling 126,066 shares and leaving 5,425 shares worth about $318,000, while institutional investors own roughly 73.04% of the stock.
• Dominion beat Q1 expectations with operating EPS $0.95 (vs. ~ $0.90) and revenue of $5.02B (+23.1% YoY), and reaffirmed FY2026 operating EPS guidance of $3.45–$3.69.
• Analysts' consensus rating is Hold with an average price target of $65.69 (3 Buys, 11 Holds, 1 Sell).

M&T Bank Corp trimmed its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 95.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,425 shares of the utilities provider's stock after selling 126,066 shares during the period. M&T Bank Corp's holdings in Dominion Energy were worth $318,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in D. Brighton Jones LLC boosted its holdings in Dominion Energy by 64.3% during the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock worth $489,000 after buying an additional 3,553 shares in the last quarter. Empowered Funds LLC boosted its holdings in Dominion Energy by 8.3% during the first quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider's stock worth $985,000 after buying an additional 1,344 shares in the last quarter. Woodline Partners LP boosted its holdings in Dominion Energy by 40.7% during the first quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider's stock worth $3,979,000 after buying an additional 20,522 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Dominion Energy by 71.2% during the first quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider's stock worth $1,708,000 after buying an additional 12,663 shares in the last quarter. Finally, Schnieders Capital Management LLC. boosted its holdings in Dominion Energy by 9.5% during the second quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider's stock worth $7,041,000 after buying an additional 10,775 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD Cowen began coverage on shares of Dominion Energy in a report on Friday, January 9th. They set a "hold" rating and a $65.00 target price for the company. Truist Financial began coverage on shares of Dominion Energy in a research note on Tuesday, April 21st. They set a "hold" rating and a $67.00 price objective for the company. Jefferies Financial Group upped their price objective on shares of Dominion Energy from $60.00 to $65.00 and gave the company a "hold" rating in a research note on Friday, April 10th. Weiss Ratings raised shares of Dominion Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, February 9th. Finally, Bank of America upped their price objective on shares of Dominion Energy from $63.00 to $65.00 and gave the company a "neutral" rating in a research note on Wednesday, April 15th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $65.69.

Dominion Energy Price Performance

D stock opened at $63.93 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. Dominion Energy Inc. has a one year low of $52.53 and a one year high of $67.57. The firm has a market capitalization of $56.19 billion, a PE ratio of 18.91, a P/E/G ratio of 3.36 and a beta of 0.65. The firm has a 50-day moving average of $62.56 and a two-hundred day moving average of $61.27.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The utilities provider reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. The company had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.43 billion. Dominion Energy had a net margin of 16.93% and a return on equity of 9.76%. The business's quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, analysts forecast that Dominion Energy Inc. will post 3.6 earnings per share for the current year.

Dominion Energy News Roundup

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

• Positive Sentiment: Q1 operating EPS and revenue beat estimates — operating EPS $0.95 vs. $0.89 expected (+6.95%); revenue $5.02B vs. ~$4.43B expected (+~17%). Strong top-line growth (Y/Y +23%) supports earnings outlook and shows demand strength. Dominion Energy (D) Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Operational drivers: higher Virginia power demand, favorable weather and RNG tax credits helped results; Coastal Virginia Offshore Wind (CVOW) progress noted on the call, supporting the company’s transition/renewables thesis. Dominion beats quarterly profit estimates on higher Virginia power demand
• Neutral Sentiment: FY2026 operating EPS guidance reaffirmed at $3.450–$3.690 (company midpoint ≈ $3.57 vs. street ≈ $3.59). Reaffirmation reduces surprise risk but the lower bound sits below consensus, leaving limited upside from guidance alone. Dominion Energy Announces First-Quarter 2026 Results
• Negative Sentiment: GAAP net income declined Y/Y (Q1 GAAP $0.69/shr vs. $0.77/shr prior year) even though operating (non‑GAAP) EPS beat — the GAAP miss and mix differences can pressure sentiment among more conservative investors. Dominion Energy Announces First-Quarter 2026 Results
• Negative Sentiment: Regulatory/reputational risk: a new state law mandates review of Dominion’s load forecasting amid data center growth — potential for regulatory scrutiny or changes to planning assumptions. New state law mandates review of Dominion’s load forecasting, as data centers raise concerns
• Negative Sentiment: Customer impact headlines: local reports of electric-bill increases (e.g., Culpeper) could attract negative publicity and political pressure around rates. That can influence regulatory outcomes and near-term sentiment. Culpeper residents to see increase in electric bill driven by higher power costs

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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