RWC Asset Management LLP Decreases Stake in Dominion Energy Inc. $D

Key Points

• RWC Asset Management reduced its Dominion Energy stake by 5.1% in the second quarter, selling 22,584 shares and retaining 419,724 shares valued at approximately $28.7 million. Institutional investors and hedge funds collectively own 73.04% of the company.
• Dominion Energy reported quarterly earnings of $0.79 per share, exceeding the $0.68 consensus estimate, while revenue rose 17.6% year over year to $4.48 billion. The company reaffirmed fiscal 2026 EPS guidance of $3.45 to $3.69.
• The stock offers a quarterly dividend of $0.6675, equal to a 3.9% annualized yield, but analysts remain cautious overall with a consensus “Hold” rating and a $68 price target. Data-center electricity demand provides a potential long-term growth catalyst, while fuel-cost recovery requests and merger oversight remain risks.

RWC Asset Management LLP lessened its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 5.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 419,724 shares of the utilities provider's stock after selling 22,584 shares during the period. Dominion Energy comprises 1.1% of RWC Asset Management LLP's investment portfolio, making the stock its 24th biggest holding. RWC Asset Management LLP's holdings in Dominion Energy were worth $28,663,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of D. Motiv8 Investments LLC purchased a new stake in shares of Dominion Energy during the 4th quarter worth $25,000. Blueline Advisors LLC purchased a new position in Dominion Energy in the fourth quarter valued at $28,000. Triumph Capital Management purchased a new position in Dominion Energy in the third quarter valued at $28,000. Costello Asset Management INC raised its stake in Dominion Energy by 66.7% in the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider's stock valued at $29,000 after buying an additional 200 shares in the last quarter. Finally, Advocate Investing Services LLC purchased a new stake in Dominion Energy during the 4th quarter worth about $29,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Dominion Energy

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. BMO Capital Markets upped their price objective on Dominion Energy from $64.00 to $70.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 22nd. 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. Wells Fargo & Company boosted their target price on Dominion Energy from $66.00 to $68.00 and gave the stock an "overweight" rating in a research note on Friday, May 15th. Mizuho upped their price target on Dominion Energy from $66.00 to $72.00 and gave the company a "neutral" rating in a report on Tuesday, May 26th. Finally, Weiss Ratings raised Dominion Energy from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, May 22nd. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $68.00.

Dominion Energy Price Performance

Shares of NYSE:D opened at $68.55 on Friday. The company's fifty day moving average price is $69.05 and its 200 day moving average price is $65.33. Dominion Energy Inc. has a 12 month low of $55.85 and a 12 month 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 firm has a market capitalization of $60.29 billion, a P/E ratio of 23.88 and a beta of 0.65.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.11. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The firm had revenue of $4.48 billion during the quarter, compared to analysts' expectations of $4.04 billion. During the same period in the previous year, the company earned $0.75 earnings per share. Dominion Energy'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. As a group, sell-side analysts predict that Dominion Energy Inc. will post 3.57 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy's payout ratio is presently 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.

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