Sumitomo Mitsui Trust Group Inc. Has $133.70 Million Stock Holdings in Dominion Energy Inc. $D

Key Points

• Sumitomo Mitsui Trust Group increased its Dominion Energy stake by 3.1% in the second quarter, holding 1.96 million shares valued at approximately $133.7 million. Institutional investors collectively own 73.04% of the utility.
• Analyst sentiment remains mixed but centers on a “Hold” rating, with a consensus price target of $68. Dominion shares recently traded at $68.76, near the consensus target.
• Dominion exceeded quarterly earnings and revenue expectations, reporting $0.79 in EPS and $4.48 billion in revenue, while declaring a quarterly dividend of $0.6675 per share, equivalent to a 3.9% annual yield.

Sumitomo Mitsui Trust Group Inc. boosted its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 3.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,957,830 shares of the utilities provider's stock after buying an additional 58,022 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.22% of Dominion Energy worth $133,700,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Motiv8 Investments LLC acquired a new position in shares of Dominion Energy in the fourth quarter worth $25,000. Blueline Advisors LLC acquired a new stake in Dominion Energy during the fourth quarter valued at $28,000. Triumph Capital Management acquired a new stake in Dominion Energy during the third quarter valued at $28,000. Costello Asset Management INC grew 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 purchasing an additional 200 shares in the last quarter. Finally, Advocate Investing Services LLC purchased a new position in Dominion Energy in the fourth quarter valued at about $29,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on D. Morgan Stanley cut their price target on Dominion Energy from $69.00 to $68.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 21st. Barclays lowered their price target on Dominion Energy from $70.00 to $69.00 and set an "overweight" rating for the company in a research note on Tuesday, June 23rd. Weiss Ratings upgraded Dominion Energy from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, May 22nd. Royal Bank Of Canada raised their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the company a "sector perform" rating in a research report on Tuesday, May 19th. Finally, Wall Street Zen downgraded shares of Dominion Energy from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $68.00.

Dominion Energy Trading Up 0.3%

Dominion Energy stock opened at $68.76 on Friday. Dominion Energy Inc. has a one year low of $55.85 and a one year high of $72.99. The company's fifty day moving average price is $69.09 and its two-hundred day moving average price is $65.36. 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 company has a market capitalization of $60.48 billion, a price-to-earnings ratio of 23.96 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, topping analysts' consensus estimates of $0.68 by $0.11. The company had revenue of $4.48 billion during 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%.The business's quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, analysts forecast that Dominion Energy Inc. will post 3.57 earnings per share 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 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 yield of 3.9%. Dominion Energy's dividend payout ratio is presently 93.03%.

More Dominion Energy News

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

• Positive Sentiment: Dominion’s potential exposure to rising electricity demand from data centers is keeping the utility in focus. Growth in large-load customers could support long-term earnings and rate-base expansion. Why Is Dominion Energy in Focus as Data Center Demand Grows?
• Positive Sentiment: The Virginia State Corporation Commission ordered Dominion to directly assign some transmission costs to data centers and may consider extending the policy to additional upstream costs. Shifting more infrastructure costs to large customers could reduce pressure on residential ratepayers and improve the economics of serving data centers. Dominion Ordered to Assign Transmission Costs to Data Centers
• Positive Sentiment: Dominion completed tower upgrades and restoration work at the Lake Murray Dam and Saluda Hydroelectric Project in South Carolina. The completion strengthens the company’s hydroelectric infrastructure, although temporary boating restrictions remain. Dominion Completes Lake Murray Tower Upgrades
• Neutral Sentiment: Dominion Energy’s foundation opened its fall grant application period for nonprofits, while the company also issued customer energy-saving advice during the heat. These announcements support community relations but are unlikely to materially affect near-term earnings. Dominion Energy Foundation Opens Fall Grant Applications
• Negative Sentiment: Truist lowered its Dominion price target to $66 from $68 and maintained a “hold” rating, signaling limited expected upside from current levels. Truist Lowers Dominion Energy Price Target
• Negative Sentiment: Dominion is seeking approval for higher fuel-cost charges in North Carolina that could add roughly $23 per month to some customers’ bills. Proposed rate increases may improve cost recovery but risk political backlash, customer resistance and regulatory delays. Dominion Seeks North Carolina Fuel-Cost Increase
• Negative Sentiment: The proposed $67 billion merger with NextEra Energy is facing customer and political concerns, including questions about regulatory oversight and recusal issues involving Virginia officials. Increased scrutiny could complicate approval or extend the transaction timeline. Dominion Customers Raise Concerns Over NextEra Merger

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source