Kestra Private Wealth Services LLC Cuts Position in Dominion Energy Inc. $D

Key Points

• Kestra Private Wealth Services cut its Dominion Energy position by 42.2% in the second quarter, selling 29,377 shares and retaining 40,172 shares worth approximately $2.74 million. Institutional investors collectively own 73.04% of the company.
• Dominion reported stronger-than-expected quarterly results, with EPS of $0.79 versus the $0.68 consensus and revenue of $4.48 billion, up 17.6% year over year. The company maintained 2026 EPS guidance of $3.45–$3.69 and announced a quarterly dividend of $0.6675, yielding about 3.9% annually.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and a $68 price target. Data-center electricity demand offers long-term growth potential, while higher fuel-cost recovery requests, transmission disputes and merger oversight create regulatory and customer-bill risks.

Kestra Private Wealth Services LLC decreased its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 42.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,172 shares of the utilities provider's stock after selling 29,377 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Dominion Energy were worth $2,743,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of D. Asset Management One Co. Ltd. increased its position in shares of Dominion Energy by 8.3% in the second quarter. Asset Management One Co. Ltd. now owns 388,738 shares of the utilities provider's stock valued at $26,547,000 after buying an additional 29,808 shares in the last quarter. Werba Rubin Papier Wealth Management acquired a new position in shares of Dominion Energy during the 2nd quarter worth approximately $297,000. Virginia Estate & Retirement Planning Advisors Inc. purchased a new position in shares of Dominion Energy during the 2nd quarter valued at approximately $182,000. Florida Trust Wealth Management Co lifted its position in shares of Dominion Energy by 51.6% during the 2nd quarter. Florida Trust Wealth Management Co now owns 67,185 shares of the utilities provider's stock valued at $4,588,000 after buying an additional 22,870 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC grew its stake in Dominion Energy by 4.1% in the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 4,648 shares of the utilities provider's stock valued at $317,000 after acquiring an additional 184 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy News Roundup

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

• Positive Sentiment: Data-center demand supports long-term growth. Virginia’s expanding data-center sector is increasing electricity demand and could provide Dominion with additional load growth and investment opportunities. The Virginia State Corporation Commission also ordered certain transmission costs to be assigned directly to data centers, potentially limiting the burden on other customers and Dominion’s broader rate base. Why Is Dominion Energy in Focus as Data Center Demand Grows Today? Dominion ordered to directly assign some transmission costs to data centers
• Positive Sentiment: Lake Murray dam restoration is complete. Dominion completed tower upgrades and restoration work at the Saluda Hydroelectric Project, a favorable infrastructure milestone that may improve asset reliability and reduce execution uncertainty. Temporary boating restrictions remain around the dam as final safety measures are completed. Dominion Energy completes Lake Murray Dam restoration project
• Neutral Sentiment: Dominion rejected claims regarding Ashburn power lines. The company denied allegations that it ignored an alternative plan, keeping attention on its Virginia transmission development and stakeholder disputes without an immediate financial impact. Dominion denies Congressman’s claims about Ashburn power lines
• Negative Sentiment: Fuel-cost requests could increase customer bills. Dominion is seeking approval in North Carolina to recover higher fuel costs, potentially adding roughly $23 per month for some customers. Although recovery could protect cash flow, higher bills may create political and regulatory resistance. Dominion seeks increase for fuel costs
• Negative Sentiment: Truist cut its price target and maintained a Hold rating. The target was reduced from $68 to $66, signaling limited near-term upside and adding pressure to the shares. Truist lowers Dominion Energy price target
• Negative Sentiment: Merger oversight remains contentious. Questions about potential conflicts involving the Virginia SCC chair’s review of the NextEra-Dominion merger could prolong regulatory scrutiny and increase uncertainty around the transaction. Concerns over Virginia SCC chair and NextEra-Dominion merger

Analysts Set New Price Targets

A number of research firms have weighed in on D. Royal Bank Of Canada upped their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a "sector perform" rating in a research report on Tuesday, May 19th. Weiss Ratings upgraded shares of Dominion Energy from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, May 22nd. Barclays cut 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. Morgan Stanley decreased their price target on shares of Dominion Energy from $69.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 21st. Finally, Mizuho lifted 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. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $68.00.

Dominion Energy Stock Up 0.7%

NYSE D opened at $68.55 on Friday. The business has a fifty day moving average price of $69.05 and a 200 day moving average price of $65.33. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. The company has a market cap of $60.29 billion, a P/E ratio of 23.88 and a beta of 0.65. Dominion Energy Inc. has a one year low of $55.85 and a one year 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, topping 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 for the quarter, compared to analysts' expectations of $4.04 billion. The firm's quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Research analysts anticipate that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be paid a $0.6675 dividend. 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 3.9%. Dominion Energy's dividend payout ratio (DPR) is 93.03%.

About Dominion Energy

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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