Sumitomo Mitsui Trust Group Inc. Reduces Stock Position in Dominion Energy Inc. $D

Key Points

• Sumitomo Mitsui Trust Group trimmed its stake in Dominion Energy by 2.9%, selling 60,479 shares and ending the quarter with 2,012,046 shares valued at about $117.9 million (0.24% ownership).
• Recent results and guidance: Dominion beat Q-quarterly EPS ($0.68 vs. $0.67) and revenue ($4.09B vs. $3.65B), set FY2026 EPS guidance of $3.45–$3.69, and pays an annualized dividend of $2.67 (yield ~4.2%) with a 77.6% payout ratio.
• Analyst sentiment is mixed — MarketBeat shows an average "Hold" rating with an average price target of $65.45 (3 Buys, 9 Holds, 1 Sell).

Sumitomo Mitsui Trust Group Inc. lowered its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,012,046 shares of the utilities provider's stock after selling 60,479 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.24% of Dominion Energy worth $117,886,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of D. Brighton Jones LLC boosted its holdings in Dominion Energy by 64.3% during the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock valued at $489,000 after acquiring an additional 3,553 shares during the period. Empowered Funds LLC boosted its holdings in Dominion Energy by 8.3% during the 1st quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider's stock valued at $985,000 after acquiring an additional 1,344 shares during the period. Woodline Partners LP boosted its holdings in Dominion Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider's stock valued at $3,979,000 after acquiring an additional 20,522 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Dominion Energy by 71.2% in the 1st quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider's stock worth $1,708,000 after buying an additional 12,663 shares during the period. Finally, Schnieders Capital Management LLC. lifted its holdings in shares of Dominion Energy by 9.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider's stock worth $7,041,000 after buying an additional 10,775 shares during the period. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Trading Down 1.9%

Shares of NYSE D opened at $62.99 on Tuesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.77 and a quick ratio of 0.59. The stock has a market capitalization of $55.36 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 1.74 and a beta of 0.67. Dominion Energy Inc. has a 1-year low of $51.42 and a 1-year high of $67.57. The business has a fifty day moving average price of $62.96 and a 200 day moving average price of $61.12.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Monday, February 23rd. The utilities provider reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.01. The firm had revenue of $4.09 billion during the quarter, compared to analysts' expectations of $3.65 billion. Dominion Energy had a return on equity of 9.67% and a net margin of 18.05%.The firm's quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 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 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, February 27th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, February 27th. Dominion Energy's dividend payout ratio is 77.62%.

Analyst Upgrades and Downgrades

D has been the subject of several research reports. Weiss Ratings upgraded Dominion Energy from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, February 9th. Scotiabank upped their target price on Dominion Energy from $63.00 to $67.00 and gave the stock a "sector perform" rating in a report on Monday, March 2nd. Barclays upped their target price on Dominion Energy from $63.00 to $66.00 and gave the stock an "overweight" rating in a report on Wednesday, April 8th. Mizuho upped their target price on Dominion Energy from $62.00 to $66.00 and gave the stock a "neutral" rating in a report on Tuesday, February 24th. Finally, Wells Fargo & Company lowered their target price on Dominion Energy from $67.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, January 20th. Three 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, Dominion Energy has an average rating of "Hold" and an average price target of $65.45.

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.

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