Kayne Anderson Capital Advisors LP Invests $9.20 Million in Dominion Energy Inc. $D

Key Points

• Kayne Anderson Capital Advisors purchased 134,767 Dominion Energy shares worth approximately $9.2 million, while institutional investors collectively own 73.04% of the company.
• Dominion reported stronger-than-expected quarterly results, with EPS of $0.79 versus a $0.68 consensus estimate and revenue up 17.6% year over year to $4.48 billion. The company reaffirmed fiscal 2026 EPS guidance of $3.45–$3.69.
• The proposed $67 billion Dominion–NextEra merger remains under regulatory review, with some governors warning it could reduce competition and raise energy costs. TD Cowen upgraded the stock to “buy” with an $80 price target, while the broader analyst consensus remains “hold.”

Kayne Anderson Capital Advisors LP purchased a new stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 134,767 shares of the utilities provider's stock, valued at approximately $9,203,000.

Several other institutional investors also recently modified their holdings of D. Cornerstone Planning LLC increased its holdings in Dominion Energy by 0.9% in the 2nd quarter. Cornerstone Planning LLC now owns 17,280 shares of the utilities provider's stock worth $1,180,000 after buying an additional 157 shares in the last quarter. Capital Analysts LLC lifted its stake in Dominion Energy by 2.4% during the 4th quarter. Capital Analysts LLC now owns 6,651 shares of the utilities provider's stock valued at $390,000 after acquiring an additional 157 shares during the period. Arlington Trust Co LLC lifted 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 acquiring an additional 160 shares during the period. Navalign LLC boosted its holdings in shares of Dominion Energy by 1.2% during the 1st quarter. Navalign LLC now owns 14,229 shares of the utilities provider's stock valued at $880,000 after acquiring an additional 162 shares during the last quarter. Finally, Conning Inc. grew its stake in shares of Dominion Energy by 0.5% in the fourth quarter. Conning Inc. now owns 33,217 shares of the utilities provider's stock worth $1,946,000 after acquiring an additional 176 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

More Dominion Energy News

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

• Positive Sentiment: TD Cowen upgraded Dominion Energy, citing what it sees as favorable odds for the proposed merger and additional upside potential. The upgrade may support the stock by reinforcing expectations that the $67 billion transaction can proceed. TD Cowen Just Upgraded Dominion Energy. Here's Why.
• Positive Sentiment: Dominion said it expects to receive a refund related to tariffs imposed during the Trump administration. The reimbursement could reduce project costs and provide a modest financial benefit, although the size and timing of the refund were not specified. Dominion says they’re getting a Trump Tariff refund
• Neutral Sentiment: The proposed Dominion-NextEra merger remains under review roughly three months after its announcement. The South Carolina timeline is receiving scrutiny, while the chair of Virginia’s State Corporation Commission said she will not recuse herself from the case. These developments keep the regulatory process active but do not resolve the approval outlook. Where the proposed $67B Dominion-NextEra merger stands
• Negative Sentiment: Governors in Virginia, Maine and Massachusetts have expressed skepticism or warned that the merger could reduce competition and increase energy costs. Regulators may therefore impose tougher conditions, delay approval or challenge the transaction, weakening the near-term investment case. Maine governor merger concerns
• Negative Sentiment: Ashburn homeowners say opposing a Dominion power-line project could cost them hundreds of thousands of dollars, highlighting ongoing local opposition and potential permitting or construction friction. Ashburn homeowners power-line dispute

Dominion Energy Stock Performance

D opened at $67.38 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43. The company has a market cap of $59.26 billion, a price-to-earnings ratio of 23.48 and a beta of 0.65. The company's 50 day moving average is $69.24 and its 200 day moving average is $65.61. 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 announced its earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.11. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same period in the previous year, the business posted $0.75 earnings per share. The firm's quarterly revenue was up 17.6% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, equities research analysts predict that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on D. Wall Street Zen cut shares of Dominion Energy from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. TD Cowen upgraded shares of Dominion Energy from a "hold" rating to a "buy" rating and raised their target price for the stock from $69.00 to $80.00 in a report on Wednesday. Seaport Research Partners downgraded shares of Dominion Energy from a "buy" rating to a "hold" rating in a research report on Wednesday, May 20th. Barclays decreased their target price on shares of Dominion Energy from $70.00 to $69.00 and set an "overweight" rating for the company in a research note on Tuesday, June 23rd. Finally, Wells Fargo & Company increased their price target on Dominion Energy from $66.00 to $68.00 and gave the company an "overweight" rating in a report on Friday, May 15th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Dominion Energy presently has an average rating of "Hold" and a consensus price target of $69.93.

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.

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