Magellan Asset Management Ltd Makes New $183.73 Million Investment in Dominion Energy Inc. $D

Magellan Asset Management Ltd bought a new stake in Dominion Energy Inc. (NYSE:D - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,690,485 shares of the utilities provider's stock, valued at approximately $183,733,000. Dominion Energy accounts for about 4.1% of Magellan Asset Management Ltd's investment portfolio, making the stock its 8th biggest holding. Magellan Asset Management Ltd owned approximately 0.31% of Dominion Energy as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Planning LLC lifted its holdings in shares of Dominion Energy by 0.9% during the second 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 position in shares of Dominion Energy by 2.4% during the 4th quarter. Capital Analysts LLC now owns 6,651 shares of the utilities provider's stock worth $390,000 after buying an additional 157 shares during the last quarter. Arlington Trust Co LLC increased its position in Dominion Energy by 47.1% during the 2nd quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider's stock worth $34,000 after purchasing an additional 160 shares in the last quarter. Navalign LLC grew its stake in shares of Dominion Energy by 1.2% during the first quarter. Navalign LLC now owns 14,229 shares of the utilities provider's stock worth $880,000 after buying an additional 162 shares during the last quarter. Finally, Conning Inc. boosted its stake in shares of Dominion Energy by 0.5% during the fourth quarter. Conning Inc. now owns 33,217 shares of the utilities provider's stock valued at $1,946,000 after purchasing an additional 176 shares in the last quarter. Institutional investors own 73.04% of the company's stock.

Dominion Energy Price Performance

D stock opened at $66.64 on Monday. The company's 50-day moving average is $69.22 and its 200-day moving average is $65.65. Dominion Energy Inc. has a 1 year low of $55.85 and a 1 year high of $72.99. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. The stock has a market capitalization of $58.61 billion, a PE ratio of 23.22 and a beta of 0.65.

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

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders 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 annualized dividend and a dividend yield of 4.0%. Dominion Energy's dividend payout ratio is 93.03%.

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 views as favorable odds for the NextEra transaction and additional upside potential. 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 provide a modest cash-flow benefit. Dominion says they’re getting a Trump Tariff refund
• Neutral Sentiment: Morgan Stanley lowered its Dominion price target from $71 to $68 and assigned an “equal weight” rating. The revised target still implies limited upside, but the reduction signals more cautious expectations. Morgan Stanley lowers Dominion Energy price target
• Neutral Sentiment: Analysts collectively maintain a “Hold” consensus rating, suggesting Wall Street sees a relatively balanced risk-reward profile. Dominion Energy receives consensus Hold rating
• Negative Sentiment: The proposed NextEra merger continues to face political and regulatory scrutiny. Virginia, Maine and Massachusetts officials have raised concerns about competition and potential increases in energy costs, while South Carolina regulators are examining the transaction timeline. These objections could delay approval, increase required concessions or reduce the deal’s expected benefits. Maine governor raises concerns about NextEra-Dominion merger
• Negative Sentiment: Local homeowners are opposing a Dominion power-line project, citing potentially significant costs and property impacts. The dispute adds reputational and permitting risk, although its direct financial effect remains unclear. Ashburn homeowners oppose Dominion power line

Wall Street Analyst Weigh In

Several brokerages recently issued reports on D. Jefferies Financial Group raised Dominion Energy from a "hold" rating to a "buy" rating and raised their target price for the stock from $65.00 to $76.00 in a research report on Thursday, May 28th. Royal Bank Of Canada boosted their target price on shares of Dominion Energy from $66.00 to $72.00 and gave the company a "sector perform" rating in a report on Tuesday, May 19th. TD Cowen raised shares of Dominion Energy from a "hold" rating to a "buy" rating and upped their price target for the company from $69.00 to $80.00 in a research report on Wednesday. Barclays lowered their price objective on Dominion Energy from $70.00 to $69.00 and set an "overweight" rating for the company in a research report on Tuesday, June 23rd. Finally, Truist Financial cut their target price on Dominion Energy from $68.00 to $66.00 and set a "hold" rating on the stock in a research report on Thursday, August 13th. Five research 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. Based on data from MarketBeat.com, Dominion Energy has an average rating of "Hold" and an average price target of $69.93.

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.

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