PNC Financial Services Group Inc. Sells 11,909 Shares of Dominion Energy Inc. $D

PNC Financial Services Group Inc. lowered its stake in shares of Dominion Energy Inc. (NYSE:D) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 984,193 shares of the utilities provider’s stock after selling 11,909 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.12% of Dominion Energy worth $57,664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in D. Triumph Capital Management bought a new position in Dominion Energy during the third quarter worth about $28,000. United Community Bank bought a new position in Dominion Energy during the third quarter worth about $29,000. Costello Asset Management INC boosted its position in Dominion Energy by 66.7% during the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 200 shares during the period. JPL Wealth Management LLC bought a new position in Dominion Energy during the third quarter worth about $30,000. Finally, Cornerstone Planning Group LLC boosted its position in Dominion Energy by 5,080.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 518 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 508 shares during the period. Institutional investors own 73.04% of the company’s stock.

Key Headlines Impacting Dominion Energy

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

• Positive Sentiment: Dominion agreed to merge with NextEra in an all-stock deal valued at roughly $67 billion, with the combined company expected to deliver more than 9% annual EPS growth through 2032. Article Title
• Positive Sentiment: Several reports highlight that the merger could help Dominion tap surging electricity demand from AI and data centers, while potentially improving scale, infrastructure investment, and long-term earnings growth. Article Title
• Neutral Sentiment: Analysts and media coverage note the deal will face extensive regulatory review, and the final outcome could depend on how well the combined company addresses affordability and customer power bills. Article Title
• Negative Sentiment: Virginia solar advocates are urging regulators to proceed cautiously on the proposed NextEra-Dominion merger, arguing it could create barriers for distributed clean energy and should better protect ratepayers. Article Title

Wall Street Analyst Weigh In

D has been the subject of a number of research reports. Jefferies Financial Group increased their target price on shares of Dominion Energy from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Friday, April 10th. Barclays increased their target price on shares of Dominion Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Wall Street Zen lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Seaport Research Partners lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Mizuho increased their target price on shares of Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $66.46.

Dominion Energy Trading Up 0.9%

Shares of Dominion Energy stock opened at $68.31 on Friday. Dominion Energy Inc. has a 12-month low of $53.36 and a 12-month high of $68.97. The company has a market cap of $60.08 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 3.56 and a beta of 0.65. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. The company’s 50-day moving average price is $62.73 and its 200-day moving average price is $61.60.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, equities analysts expect that Dominion Energy Inc. will post 3.59 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 Saturday, June 20th. Investors of record on Friday, May 29th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 78.99%.

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.