Saudi Central Bank Boosts Stock Holdings in Dominion Energy Inc. $D

Saudi Central Bank lifted its position in Dominion Energy Inc. (NYSE:D - Free Report) by 95.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,527 shares of the utilities provider's stock after purchasing an additional 30,008 shares during the period. Saudi Central Bank's holdings in Dominion Energy were worth $4,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in D. Compass Financial Management LLC purchased a new position in Dominion Energy in the second quarter valued at $1,141,000. NBH Bank acquired a new stake in shares of Dominion Energy during the 2nd quarter valued at about $75,000. AlphaGrep UK Ltd acquired a new stake in shares of Dominion Energy during the 2nd quarter valued at about $249,000. Montgomery Financial Services LLC purchased a new position in shares of Dominion Energy in the 2nd quarter valued at about $92,000. Finally, Oakmont Investment Advisors Inc. purchased a new position in shares of Dominion Energy in the 2nd quarter valued at about $352,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting 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 Trading Down 0.2%

Shares of Dominion Energy stock opened at $65.72 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.64 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 firm has a market capitalization of $57.80 billion, a PE ratio of 22.90, a P/E/G ratio of 3.07 and a beta of 0.64. The firm's 50-day moving average price is $68.76 and its 200 day moving average price is $65.83.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.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 earned $0.75 EPS. Dominion Energy's quarterly revenue was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, sell-side analysts predict 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. Investors of record on Friday, September 4th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, September 4th. Dominion Energy's payout ratio is presently 93.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on D shares. Wall Street Zen downgraded Dominion Energy from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. Royal Bank Of Canada boosted their price objective on Dominion Energy from $66.00 to $72.00 and gave the company a "sector perform" rating in a research report on Tuesday, May 19th. Seaport Research Partners downgraded Dominion Energy from a "buy" rating to a "hold" rating in a research note on Wednesday, May 20th. Truist Financial decreased 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. Finally, TD Cowen raised shares of Dominion Energy from a "hold" rating to a "buy" rating and lifted their price target for the company from $69.00 to $80.00 in a research note on Wednesday, August 19th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Dominion Energy has a consensus 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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