Swiss Life Asset Management Ltd Cuts Position in Dominion Energy Inc. $D

Key Points

• Swiss Life Asset Management reduced its Dominion Energy stake by 3% in the second quarter, selling 36,999 shares and retaining 1.19 million shares valued at approximately $81.3 million. Institutional investors collectively own 73.04% of the company.
• Analyst sentiment remains mixed but leans toward a consensus “Hold” rating, with an average price target of $68. Jefferies upgraded the stock to “Buy” with a $76 target, while Truist lowered its target to $66.
• Dominion exceeded quarterly expectations, reporting $0.79 in earnings per share and $4.48 billion in revenue, while maintaining a quarterly dividend of $0.6675 per share—a 3.9% annualized yield.

Swiss Life Asset Management Ltd decreased its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,190,736 shares of the utilities provider's stock after selling 36,999 shares during the period. Swiss Life Asset Management Ltd owned approximately 0.14% of Dominion Energy worth $81,315,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Dominion Energy by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 107,099,758 shares of the utilities provider's stock valued at $6,274,975,000 after buying an additional 940,838 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Dominion Energy by 9.0% during the 4th quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider's stock worth $3,503,142,000 after acquiring an additional 4,940,692 shares in the last quarter. State Street Corp grew its holdings in shares of Dominion Energy by 3.6% in the 4th quarter. State Street Corp now owns 48,620,273 shares of the utilities provider's stock worth $2,848,662,000 after acquiring an additional 1,686,050 shares during the period. Wellington Management Group LLP grew its holdings in shares of Dominion Energy by 46.2% in the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider's stock worth $2,633,253,000 after acquiring an additional 14,197,581 shares during the period. Finally, Geode Capital Management LLC increased its stake in Dominion Energy by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 20,442,935 shares of the utilities provider's stock valued at $1,196,056,000 after purchasing an additional 314,932 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Jefferies Financial Group raised Dominion Energy from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $65.00 to $76.00 in a report on Thursday, May 28th. Wells Fargo & Company raised their price target on Dominion Energy from $66.00 to $68.00 and gave the company an "overweight" rating in a research report on Friday, May 15th. Truist Financial cut their price target on Dominion Energy from $68.00 to $66.00 and set a "hold" rating for the company in a research note on Thursday. Royal Bank Of Canada boosted their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a "sector perform" rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings raised shares of Dominion Energy from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, May 22nd. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $68.00.

Dominion Energy Price Performance

D stock opened at $68.76 on Friday. The stock's 50 day moving average price is $69.09 and its 200 day moving average price is $65.36. The firm has a market cap of $60.48 billion, a P/E ratio of 23.96 and a beta of 0.65. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. Dominion Energy Inc. has a 1 year low of $55.85 and a 1 year high of $72.99.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share 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 the consensus estimate of $4.04 billion. During the same quarter last year, the business posted $0.75 earnings per share. Dominion Energy's 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. On average, sell-side analysts expect that Dominion Energy Inc. will post 3.57 earnings per share 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. Investors of record on Friday, September 4th will be paid 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 dividend yield of 3.9%. Dominion Energy's dividend payout ratio (DPR) is presently 93.03%.

Dominion Energy News Roundup

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

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.

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.

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