Dominion Energy Inc. $D Stock: Payden & Rygel Reduces Stake

Key Points

• Payden & Rygel cut its Dominion Energy stake by 23.9% in the third quarter, selling 74,900 shares and retaining 238,900 shares valued at approximately $14.5 million. Institutional investors collectively own 73.04% of the stock.
• Dominion Energy reported quarterly EPS of $1.28, exceeding the $1.21 consensus estimate, while revenue rose 24.1% year over year to $5.62 billion. The company also declared a quarterly dividend of $0.6675 per share, representing a 4.0% annualized yield.
• Analyst sentiment remains mixed, with an overall “Hold” rating and a consensus price target of $69.27. Data-center demand and renewable projects offer growth potential, while regulatory approvals, customer-cost increases and substantial capital spending remain risks.

Payden & Rygel decreased its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 23.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 238,900 shares of the utilities provider's stock after selling 74,900 shares during the period. Payden & Rygel's holdings in Dominion Energy were worth $14,458,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of D. Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy in the second quarter worth about $31,000. Beacon Financial Strategies CORP boosted its stake in Dominion Energy by 269.2% during the 2nd quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 350 shares during the period. Arlington Trust Co LLC boosted its stake in Dominion Energy by 47.1% during the 2nd quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 160 shares during the period. Burnham & Co LLC acquired a new stake in Dominion Energy in the 2nd quarter valued at approximately $34,000. Finally, Clearstead Trust LLC acquired a new stake in Dominion Energy in the 2nd quarter valued at approximately $35,000. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on D shares. Morgan Stanley dropped their price target on Dominion Energy from $68.00 to $66.00 and set an "equal weight" rating on the stock in a research report on Friday, September 18th. UBS Group set a $80.00 price objective on Dominion Energy in a research report on Wednesday, August 19th. Weiss Ratings downgraded shares of Dominion Energy from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Wells Fargo & Company upgraded shares of Dominion Energy to a "strong-buy" rating in a research note on Thursday, September 24th. Finally, TD Cowen raised shares of Dominion Energy from a "hold" rating to a "buy" rating and boosted their target price for the stock from $69.00 to $80.00 in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $69.27.

Dominion Energy News Summary

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

• Positive Sentiment: Quarterly results beat expectations. Dominion’s GAAP net income rose to $1.2 billion, or $1.30 per share, from $1.0 billion, or $1.16 per share, in the prior-year quarter. The earnings and revenue beats support the stock’s upward move. Dominion Energy Announces Third-Quarter 2026 Results
• Positive Sentiment: Growth opportunities remain favorable. Management said data-center demand increased 13% year over year, while the company’s offshore wind project is nearing completion. These trends could support future electricity demand and rate-base growth. Dominion Energy Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Dominion’s long-term investment plan points to continued capital spending. The company outlined additional solar farms and natural-gas plants, which may expand its regulated asset base but also require significant financing and execution. Dominion’s 20-Year Plan
• Negative Sentiment: Regulatory and customer-cost issues remain risks. Dominion is seeking approval to recover Regional Greenhouse Gas Initiative costs from customers, potentially adding as much as $13 per month to some bills. Public questions about undergrounding power lines and higher projected bills could complicate regulatory approvals and customer relations. Dominion Asks SCC to Recoup RGGI Costs

Dominion Energy Stock Up 2.4%

NYSE D opened at $66.69 on Friday. Dominion Energy Inc. has a twelve month low of $55.85 and a twelve month high of $72.99. The stock has a market cap of $58.66 billion, a PE ratio of 23.24, a PEG ratio of 3.02 and a beta of 0.64. The firm has a 50-day simple moving average of $63.77 and a 200 day simple moving average of $64.77. 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 issued its quarterly earnings results on Friday, October 30th. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.07. The firm had revenue of $5.62 billion for the quarter, compared to analyst estimates of $4.90 billion. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%. The company's quarterly revenue was up 24.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.06 earnings per share. On average, research analysts forecast that Dominion Energy Inc. will post 3.59 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 20th. Stockholders of record on Friday, December 4th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, December 4th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.0%. Dominion Energy's payout ratio is currently 93.03%.

About Dominion Energy

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 distribution services to residential, commercial, industrial and governmental customers, primarily in Virginia and South Carolina.

The company operates a diversified power-generation portfolio that includes nuclear, natural gas, renewable energy and other resources. Its activities also include electricity transmission infrastructure, renewable energy development and natural gas utility operations.

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