Nwam LLC Sells 12,844 Shares of Dominion Energy Inc. $D

Nwam LLC cut its holdings in shares of Dominion Energy Inc. (NYSE:D) by 63.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,260 shares of the utilities provider’s stock after selling 12,844 shares during the quarter. Nwam LLC’s holdings in Dominion Energy were worth $496,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Dominion Energy in the second quarter valued at approximately $4,986,439,000. Capital Research Global Investors boosted its holdings in Dominion Energy by 9.0% in 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 buying an additional 4,940,692 shares during the period. State Street Corp grew its stake in Dominion Energy by 3.6% in the 4th quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock valued at $2,848,662,000 after buying an additional 1,686,050 shares in the last quarter. Wellington Management Group LLP raised its holdings in Dominion Energy by 46.2% during the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock valued at $2,633,253,000 after acquiring an additional 14,197,581 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Dominion Energy by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 20,442,935 shares of the utilities provider’s stock worth $1,196,056,000 after acquiring an additional 314,932 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Key Dominion Energy News

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

• Positive Sentiment: Dominion Energy shareholders approved the merger with NextEra by approximately 98%, with 671.32 million votes cast in favor. The strong mandate improves deal certainty and could support the stock by bringing Dominion closer to the transaction’s completion. Dominion Energy secures shareholder approval for merger with NextEra
• Positive Sentiment: Multiple reports confirmed that both Dominion and NextEra shareholders easily approved the combination, reinforcing expectations that the companies will continue pursuing the proposed merger. Dominion Energy, NextEra shareholders easily approve merger deal
• Neutral Sentiment: Arlington County plans to intervene in the merger review, citing concerns about rising electric bills. The action does not necessarily prevent the transaction but could lead to additional scrutiny, conditions, or delays from regulators. Arlington County intervenes in Dominion-NextEra merger review
• Negative Sentiment: Customer advocates and Virginia officials are raising concerns about higher energy costs as the merger review proceeds. Increased political and regulatory opposition could complicate approval terms and weigh on the transaction timeline. Advocacy group seeks answers in Dominion merger
• Negative Sentiment: Dominion Power proposed a rate increase to recover roughly $922 million in fuel costs. Although recovering these expenses could support cash flow, the request risks further customer backlash and regulatory resistance amid already elevated bills. Dominion Power proposes price hike to recover fuel costs
• Negative Sentiment: Reports of repeated outages in the Richmond area and opposition to Dominion’s proposed Church Creek transmission project highlight service-quality and infrastructure concerns. These issues may increase reputational pressure and scrutiny of future capital projects. Richmond customer criticizes Dominion Energy outages

Dominion Energy Stock Performance

Shares of D opened at $66.70 on Friday. Dominion Energy Inc. has a 12-month low of $55.85 and a 12-month high of $72.99. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43. The company has a market cap of $58.66 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 3.08 and a beta of 0.64. The stock has a 50-day moving average price of $68.83 and a 200-day moving average price of $65.84.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same period last year, the firm posted $0.75 earnings per share. 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. As a group, equities analysts forecast 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. Stockholders of record on Friday, September 4th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy’s payout ratio is currently 93.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Jefferies Financial Group raised Dominion Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from $65.00 to $76.00 in a report on Thursday, May 28th. Mizuho increased their price objective on Dominion Energy from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Royal Bank Of Canada increased their price objective on Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Truist Financial cut their target price on Dominion Energy from $68.00 to $66.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Finally, Wall Street Zen lowered Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and a consensus target price of $69.93.

Dominion Energy Company 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.