Dominion Energy Inc. $D Shares Sold by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management reduced its Dominion Energy stake by 12.3% in the second quarter, selling 129,370 shares and retaining 926,212 shares valued at approximately $63.3 million. Institutional investors collectively own 73.04% of the company.
• Dominion Energy reported quarterly earnings of $0.79 per share, beating estimates of $0.68, while revenue rose 17.6% year over year to $4.48 billion. The company maintained fiscal 2026 EPS guidance of $3.45 to $3.69.
• The utility pays a quarterly dividend of $0.6675 per share, equating to a 4.4% annual yield. Analysts’ consensus rating is “Hold,” with an average price target of $69.79 versus the reported share price of $60.79.

Envestnet Asset Management Inc. cut its stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 12.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 926,212 shares of the utilities provider's stock after selling 129,370 shares during the period. Envestnet Asset Management Inc. owned about 0.11% of Dominion Energy worth $63,251,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC acquired a new position in Dominion Energy in the second quarter worth approximately $31,000. Beacon Financial Strategies CORP lifted its stake in Dominion Energy by 269.2% in the second quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider's stock valued at $33,000 after acquiring an additional 350 shares during the last quarter. Arlington Trust Co LLC lifted its stake in Dominion Energy by 47.1% in the second quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 160 shares during the last quarter. Burnham & Co LLC bought a new stake in Dominion Energy in the second quarter worth approximately $34,000. Finally, Community Bank N.A. bought a new stake in Dominion Energy in the second quarter worth approximately $35,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Performance

NYSE:D opened at $60.79 on Friday. The firm's 50-day moving average is $66.86 and its 200-day moving average is $65.79. The company has a market cap of $53.47 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 2.82 and a beta of 0.64. 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.

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, topping analysts' consensus estimates of $0.68 by $0.11. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.04 billion. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The firm's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the business earned $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities research analysts anticipate that Dominion Energy Inc. will post 3.59 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 20th. Stockholders of record on Friday, September 4th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, September 4th. Dominion Energy's dividend payout ratio (DPR) is presently 93.03%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on D. Morgan Stanley cut their price target on shares of Dominion Energy from $68.00 to $66.00 and set an "equal weight" rating on the stock in a report on Friday, September 18th. Truist Financial decreased their price objective on shares of Dominion Energy from $68.00 to $66.00 and set a "hold" rating for the company in a report on Thursday, August 13th. UBS Group set a $80.00 target price on shares of Dominion Energy in a research report on Wednesday, August 19th. TD Cowen upgraded Dominion Energy from a "hold" rating to a "buy" rating and raised their target price for the company from $69.00 to $80.00 in a report on Wednesday, August 19th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Dominion Energy in a research report on Wednesday, August 19th. Five analysts have rated the stock with a Buy rating, nine have issued 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 target price of $69.79.

Dominion Energy Profile

Dominion Energy, Inc is a regulated energy company headquartered in Richmond, Virginia. Through its utility operations, the company generates, transmits and distributes electricity and provides natural gas service to residential, commercial and industrial customers, primarily in Virginia and South Carolina.

The company's electric generation portfolio includes nuclear, natural gas, renewable energy and hydroelectric resources. Dominion Energy also operates electric transmission and distribution networks, natural gas distribution systems and related energy infrastructure.

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