Dominion Energy Inc. $D Stake Raised by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company increased its Dominion Energy stake by 1.8% in the second quarter, bringing its holdings to 1.08 million shares worth approximately $73.6 million. Institutional investors collectively own 73.04% of the company.
• Shareholders approved the proposed Dominion–NextEra combination, but additional state hearings and Richmond City Council opposition could lead to regulatory conditions, delays, or higher costs.
• Dominion beat quarterly earnings and revenue expectations, while analysts maintain a consensus “Hold” rating with a $69.93 average price target. The company also offers a $0.6675 quarterly dividend, equivalent to a 4.1% yield.

The Manufacturers Life Insurance Company raised its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,077,536 shares of the utilities provider's stock after acquiring an additional 18,810 shares during the quarter. The Manufacturers Life Insurance Company owned 0.12% of Dominion Energy worth $73,585,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Motiv8 Investments LLC acquired a new stake in Dominion Energy during the fourth quarter valued at approximately $25,000. Triumph Capital Management acquired a new stake in shares of Dominion Energy during the 3rd quarter valued at $28,000. Frazier Financial Advisors LLC acquired a new stake in shares of Dominion Energy during the 2nd quarter valued at $31,000. Beacon Financial Strategies CORP boosted its stake in shares of Dominion Energy by 269.2% during the 2nd quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider's stock worth $33,000 after acquiring an additional 350 shares in the last quarter. Finally, Blueline Advisors LLC bought a new stake in shares of Dominion Energy during the 4th quarter worth $28,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Key Stories Impacting Dominion Energy

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

• Positive Sentiment: The proposed Dominion–NextEra combination continues to advance after shareholders of both companies approved the transaction on September 3. The combined utility would serve approximately 10 million customer accounts across four states, offering potential scale and operating efficiencies. Wynson Securities announces progress on the Dominion–NextEra combination
• Neutral Sentiment: State regulators are adding local hearings to the merger review, giving communities more opportunities to comment. The hearings do not necessarily derail the transaction but extend the regulatory process and keep the deal in the spotlight. Commission adds local hearings to merger review
• Negative Sentiment: Richmond City Council voted to intervene in the merger case, while local residents and officials criticized potential impacts on electricity costs and Dominion’s proposed large gas plant. The opposition increases the risk of conditions, delays or added costs before approval. Richmond City Council votes to intervene in merger proposal
• Neutral Sentiment: Operational reports included a temporary outage affecting more than 100 customers after a vehicle crash and a planned lowering of Lake Murray’s water level. These events appear localized and are unlikely to materially affect Dominion’s earnings outlook. Dominion to lower Lake Murray levels

Wall Street Analyst Weigh In

Several brokerages have recently commented on D. Royal Bank Of Canada upped their target price on Dominion Energy from $66.00 to $72.00 and gave the company a "sector perform" rating in a report on Tuesday, May 19th. Wall Street Zen cut Dominion Energy from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. Mizuho boosted their price objective on Dominion Energy from $66.00 to $72.00 and gave the stock a "neutral" rating in a report on Tuesday, May 26th. Jefferies Financial Group raised shares of Dominion Energy from a "hold" rating to a "buy" rating and upped their price objective for the company from $65.00 to $76.00 in a research note on Thursday, May 28th. Finally, Morgan Stanley decreased their target price on shares of Dominion Energy from $71.00 to $68.00 and set an "equal weight" rating for the company in a report on Friday, August 21st. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $69.93.

Dominion Energy Price Performance

D opened at $64.83 on Friday. The firm has a market capitalization of $57.02 billion, a P/E ratio of 22.59, a PEG ratio of 3.03 and a beta of 0.64. The stock has a fifty day moving average of $68.41 and a 200-day moving average of $65.83. 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 Inc. has a 12-month low of $55.85 and a 12-month high of $72.99.

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 for the quarter, beating 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%.Dominion Energy's revenue for the quarter was up 17.6% compared to the same quarter last year. 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. Equities analysts forecast that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be issued a $0.6675 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.1%. Dominion Energy's dividend payout ratio is currently 93.03%.

Dominion Energy Company 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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