Dominion Energy Inc. $D Stake Increased by Courier Capital LLC

Key Points

• Courier Capital increased its Dominion Energy stake by 65.3% in the third quarter, bringing its holdings to 43,002 shares valued at approximately $2.6 million. Institutional investors collectively own 73.04% of the company.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $69.87, compared with the stock’s reported trading price of $62.38.
• Dominion Energy reported quarterly earnings of $0.79 per share, exceeding estimates, and maintains an annualized dividend of $2.67 per share, yielding about 4.3%. Its proposed merger with NextEra Energy continues to face regulatory and public scrutiny.

Courier Capital LLC lifted its stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 65.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 43,002 shares of the utilities provider's stock after acquiring an additional 16,980 shares during the period. Courier Capital LLC's holdings in Dominion Energy were worth $2,603,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Dominion Energy during the second quarter worth about $4,986,439,000. Bank of America Corp DE bought a new stake in Dominion Energy in the 2nd quarter worth approximately $996,984,000. Bank of New York Mellon Corp bought a new stake in Dominion Energy in the 2nd quarter worth approximately $697,388,000. Legal & General Group Plc purchased a new stake in Dominion Energy in the second quarter worth approximately $467,353,000. Finally, Pentwater Capital Management LP purchased a new stake in Dominion Energy in the second quarter worth approximately $239,015,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

D has been the topic of a number of recent research reports. Evercore increased their price target on shares of Dominion Energy from $67.00 to $70.00 in a research report on Thursday, October 8th. UBS Group set a $80.00 price objective on shares of Dominion Energy in a report on Wednesday, August 19th. TD Cowen raised shares of Dominion Energy from a "hold" rating to a "buy" rating and upped their price objective for the company from $69.00 to $80.00 in a research note on Wednesday, August 19th. Weiss Ratings lowered shares of Dominion Energy from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday. Finally, Scotiabank decreased their target price on shares of Dominion Energy from $67.00 to $63.00 and set a "sector perform" rating on the stock in a research report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $69.87.

Dominion Energy Trading Down 0.1%

D stock traded down $0.07 during trading on Tuesday, hitting $62.38. 3,732,590 shares of the company traded hands, compared to its average volume of 5,540,995. The firm has a market capitalization of $54.87 billion, a PE ratio of 21.74, a P/E/G ratio of 2.86 and a beta of 0.64. Dominion Energy Inc. has a 1 year low of $55.85 and a 1 year high of $72.99. The company has a 50-day moving average of $64.74 and a 200-day moving average of $65.78. 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 (NYSE:D - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.11. The firm had revenue of $4.48 billion during 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 business's revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Analysts predict that Dominion Energy Inc. will post 3.59 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, September 20th. Investors 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 yield of 4.3%. The ex-dividend date was Friday, September 4th. Dominion Energy's dividend payout ratio is currently 93.03%.

Trending Headlines about Dominion Energy

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

• Positive Sentiment: Dominion Energy is expanding its EnergyShare assistance program in South Carolina and plans to provide $3 million to help customers pay energy bills. The initiative may strengthen the company’s community relations and support its public case during regulatory review. Dominion Energy Expands EnergyShare Program
• Neutral Sentiment: Recent coverage noted that Dominion Energy shares gained in the prior session even as the broader market declined, indicating some relative strength. However, the report provided limited new company-specific information to change the investment outlook. Dominion Energy Rises As Market Takes a Dip
• Negative Sentiment: Regulators and the public continued examining Dominion’s proposed merger with NextEra Energy, with hearings focused on potential effects on customer rates, data-center demand, and local communities. Public opposition and ongoing regulatory scrutiny increase the risk of delays, conditions, or an unfavorable outcome. Dominion-NextEra Merger Hearing Focused on Rates and Data Centers
• Negative Sentiment: Truist Financial lowered its Dominion Energy price target from $66 to $62 and maintained a “hold” rating, signaling limited near-term upside and a more cautious view of the shares. Truist Lowers Dominion Energy Price Target
• Negative Sentiment: Access to a memorandum in the Dominion merger review was limited, adding to uncertainty around the regulatory process and making it harder for investors to assess potential risks and conditions. Commission Limits Access to Memo in Dominion Merger Review

Dominion Energy Profile

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

Dominion Energy's primary electric utility operations serve customers in Virginia and northeastern North Carolina. The company also operates Dominion Energy South Carolina, which provides electric and natural gas services in South Carolina.

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