Greenland Capital Management LP Acquires 17,139 Shares of Dominion Energy Inc. $D

Key Points

• Greenland Capital Management increased its Dominion Energy stake by 9.7% in the second quarter, adding 17,139 shares to hold 193,710 shares worth approximately $13.2 million. Institutional investors collectively own 73.04% of the utility.
• Dominion Energy exceeded quarterly expectations, reporting $0.79 in EPS versus the $0.68 consensus and $4.48 billion in revenue, up 17.6% year over year. The company also declared a quarterly dividend of $0.6675, or $2.67 annually, yielding about 4.1%.
• Analysts maintain a generally neutral outlook, with an average “Hold” rating and a $69.93 price target versus the stock’s $65.72 price. Dominion shareholders have also approved the proposed $66.8 billion all-stock merger with NextEra Energy, though regulatory and rate-related concerns could create further scrutiny.

Greenland Capital Management LP boosted its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 9.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 193,710 shares of the utilities provider's stock after buying an additional 17,139 shares during the period. Dominion Energy makes up about 1.6% of Greenland Capital Management LP's investment portfolio, making the stock its 11th biggest position. Greenland Capital Management LP's holdings in Dominion Energy were worth $13,228,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of D. BlackRock Inc. bought a new stake in Dominion Energy in the second quarter valued at about $4,986,439,000. Bank of America Corp DE bought a new position in Dominion Energy during the second quarter worth about $996,984,000. Wellington Management Group LLP grew its position in shares of Dominion Energy by 46.2% during the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider's stock worth $2,633,253,000 after buying an additional 14,197,581 shares during the period. Norges Bank acquired a new position in shares of Dominion Energy during the 4th quarter worth about $655,142,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Dominion Energy in the 2nd quarter valued at about $697,388,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Down 0.2%

Dominion Energy stock opened at $65.72 on Monday. The company has a 50 day moving average of $68.76 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 twelve month low of $55.85 and a twelve month high of $72.99. The stock has a market capitalization of $57.80 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 3.07 and a beta of 0.64.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.11. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The firm's quarterly revenue was up 17.6% on a year-over-year basis. During the same period last year, the business posted $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, equities research analysts anticipate that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared 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. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, September 4th. Dominion Energy's payout ratio is 93.03%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on D. TD Cowen raised shares of Dominion Energy from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $69.00 to $80.00 in a research note on Wednesday, August 19th. Royal Bank Of Canada upped their target price on shares of Dominion Energy from $66.00 to $72.00 and gave the company a "sector perform" rating in a research note on Tuesday, May 19th. BMO Capital Markets lifted 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. Barclays decreased their price target on shares of Dominion Energy from $70.00 to $69.00 and set an "overweight" rating for the company in a report on Tuesday, June 23rd. Finally, UBS Group set a $80.00 price objective on shares of Dominion Energy in a research report on Wednesday, August 19th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $69.93.

Trending Headlines about Dominion Energy

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

• Positive Sentiment: Dominion shareholders approved the proposed $66.8 billion all-stock merger with NextEra Energy by an overwhelming margin, with approximately 671.3 million votes in favor. The approval removes a major transaction hurdle and supports the companies’ expected long-term strategic combination. Dominion Energy secures shareholder approval for merger with NextEra
• Neutral Sentiment: A Virginia panel backed a Dominion gas plant that could improve generation capacity and reliability, but the project may add a long-term charge to customers’ electric bills. The potential infrastructure benefit is therefore balanced by affordability concerns. Virginia panel backs Dominion gas plant
• Negative Sentiment: Arlington County plans to intervene in the merger review, citing rising electric bills and seeking greater scrutiny of the transaction. Other advocacy groups and Virginia officials are also requesting answers about how the merger could affect rates, increasing the risk of delays or additional conditions. Arlington to intervene in Dominion-NextEra merger
• Negative Sentiment: Dominion Power proposed a rate increase to recover approximately $922 million in fuel costs. Higher customer bills, repeated outage complaints and opposition to new transmission land acquisitions could intensify political and regulatory pressure on the utility. Dominion Power proposes price hike

Dominion Energy Company 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.

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