Dominion Energy Inc. $D Shares Sold by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management Holding SA cut its Dominion Energy stake by 31.1% in the second quarter, selling 564,322 shares and retaining 1.25 million shares worth approximately $85.3 million. Institutional investors and hedge funds collectively own 73.04% of the company.
• Dominion reported quarterly earnings of $0.79 per share, exceeding estimates of $0.68, while revenue rose 17.6% year over year to $4.48 billion. The company maintained its 2026 EPS guidance of $3.45–$3.69.
• The stock opened at $68.76 and carries a consensus “Hold” rating with a $68 price target. Dominion also declared a $0.6675 quarterly dividend, equivalent to a 3.9% annual yield.

Pictet Asset Management Holding SA decreased its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 31.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,248,444 shares of the utilities provider's stock after selling 564,322 shares during the period. Pictet Asset Management Holding SA owned 0.14% of Dominion Energy worth $85,256,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in D. Brighton Jones LLC increased its position in shares of Dominion Energy by 64.3% during the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock valued at $489,000 after purchasing an additional 3,553 shares during the period. Empowered Funds LLC raised its stake in shares of Dominion Energy by 8.3% in the 1st 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 lifted its holdings in shares of Dominion Energy by 40.7% in the first quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider's stock valued at $3,979,000 after buying an additional 20,522 shares during the period. Intech Investment Management LLC boosted its stake 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 valued at $1,708,000 after buying an additional 12,663 shares in the last quarter. Finally, Schnieders Capital Management LLC. boosted its stake 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 valued at $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 and hedge funds.

Dominion Energy News Summary

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

Dominion Energy Stock Up 0.3%

Shares of Dominion Energy stock opened at $68.76 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 capitalization of $60.48 billion, a PE 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. The stock's fifty day moving average is $69.09 and its 200-day moving average is $65.36.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly 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. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.04 billion. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.Dominion Energy's revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the company posted $0.75 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities analysts anticipate that Dominion Energy Inc. will post 3.57 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a yield of 3.9%. Dominion Energy's dividend payout ratio is currently 93.03%.

Wall Street Analysts Forecast Growth

D has been the topic of several research reports. BMO Capital Markets boosted 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 report on Wednesday, July 22nd. Truist Financial reduced their price objective on shares of Dominion Energy from $68.00 to $66.00 and set a "hold" rating for the company in a research report on Thursday. Seaport Research Partners cut shares of Dominion Energy from a "buy" rating to a "hold" rating in a research note on Wednesday, May 20th. Barclays cut their target price on shares of 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, Royal Bank Of Canada raised their target price on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a "sector perform" rating in a report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $68.00.

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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