Empowered Funds LLC Takes Position in Dominion Energy Inc. $D

Key Points

• Empowered Funds LLC purchased 54,226 Dominion Energy shares in the second quarter, valued at approximately $3.7 million. Institutional investors collectively own 73.04% of the company.
• Dominion Energy exceeded quarterly expectations, reporting $0.79 in earnings per share versus the $0.68 consensus estimate and $4.48 billion in revenue. The company reaffirmed fiscal 2026 EPS guidance of $3.45–$3.69.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $69.93. The company also announced a quarterly dividend of $0.6675 per share, representing a 4.0% annualized yield.

Empowered Funds LLC purchased a new position in shares of Dominion Energy Inc. (NYSE:D - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 54,226 shares of the utilities provider's stock, valued at approximately $3,703,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Dominion Energy during the second quarter worth $4,986,439,000. Bank of America Corp DE purchased a new stake in Dominion Energy in the second quarter valued at $996,984,000. Wellington Management Group LLP lifted its stake in shares of Dominion Energy by 46.2% in the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider's stock valued at $2,633,253,000 after purchasing an additional 14,197,581 shares during the last quarter. Norges Bank acquired a new position in shares of Dominion Energy in the 4th quarter valued at $655,142,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Dominion Energy during the 2nd quarter worth $697,388,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Key Dominion Energy News

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

• Positive Sentiment: Dominion is advancing groundwork for the Coastal Virginia Offshore Wind South project, signaling continued investment in regulated infrastructure and potential long-term rate-base growth. The project could strengthen Dominion’s position in Virginia’s expanding electricity market, although it will require substantial capital spending. Dominion lays groundwork for CVOW South
• Positive Sentiment: Dominion is being highlighted among high-dividend utility stocks, which may attract income-oriented investors amid market uncertainty. Its defensive business model and dividend profile remain important parts of the investment case. Wall Street's Most Accurate Analysts Spotlight On 3 Utilities Stocks Delivering High-Dividend Yields
• Neutral Sentiment: A Hennessy Equity and Income Fund investor letter described Dominion Energy (D) as an attractive investment, reinforcing the view that the company offers defensive earnings and income potential. The commentary reflects an individual fund’s opinion rather than a new company catalyst. What Makes Dominion Energy an Attractive Bet?
• Neutral Sentiment: A localized outage affecting roughly 3,500 Dominion customers in Norfolk is operationally unfavorable but appears limited in scale and unlikely to materially affect earnings unless disruptions persist or become widespread. Power outage affects about 3,500 Dominion customers in Norfolk
• Negative Sentiment: Virginia lawmakers are calling for a special session to review the proposed Dominion–NextEra merger, increasing political uncertainty around the deal. A South Carolina-owned utility has also asked to intervene, suggesting additional stakeholder opposition or concerns over competition, regulation and customer impacts. Greater scrutiny could lengthen the approval process, raise transaction risk or reduce the expected benefits of the merger. More Virginia lawmakers call for special session to weigh Dominion merger SC-owned utility asks to intervene in Dominion and NextEra megamerger

Wall Street Analyst Weigh In

Several analysts recently issued reports on D shares. Morgan Stanley reduced their price objective on shares of Dominion Energy from $71.00 to $68.00 and set an "equal weight" rating on the stock in a report on Friday, August 21st. Wall Street Zen lowered shares of Dominion Energy from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. BMO Capital Markets lifted their price target on shares of Dominion Energy from $64.00 to $70.00 and gave the company a "market perform" rating in a research report on Wednesday, July 22nd. UBS Group set a $80.00 price objective on shares of Dominion Energy in a report on Wednesday, August 19th. Finally, Jefferies Financial Group raised shares of Dominion Energy from a "hold" rating to a "buy" rating and increased their price objective for the stock from $65.00 to $76.00 in a research report on Thursday, May 28th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $69.93.

Dominion Energy Price Performance

D opened at $66.31 on Wednesday. The stock's 50-day moving average price is $68.95 and its 200 day moving average price is $65.83. Dominion Energy Inc. has a 12-month low of $55.85 and a 12-month high of $72.99. The firm has a market cap of $58.32 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 3.08 and a beta of 0.65. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43.

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, beating the consensus estimate of $0.68 by $0.11. The company 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%.Dominion Energy's revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, sell-side analysts expect that Dominion Energy Inc. will post 3.57 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy's dividend payout ratio is presently 93.03%.

Dominion Energy Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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