Florida Trust Wealth Management Co Increases Stock Position in Dominion Energy Inc. $D

Florida Trust Wealth Management Co boosted its position in shares of Dominion Energy Inc. (NYSE:D) by 51.6% in the second quarter, Holdings Channel.com reports. The firm owned 67,185 shares of the utilities provider’s stock after acquiring an additional 22,870 shares during the period. Florida Trust Wealth Management Co’s holdings in Dominion Energy were worth $4,588,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Motiv8 Investments LLC purchased a new position in Dominion Energy in the 4th quarter valued at about $25,000. Blueline Advisors LLC purchased a new position in Dominion Energy in the fourth quarter valued at about $28,000. Triumph Capital Management acquired a new stake in Dominion Energy during the 3rd quarter valued at approximately $28,000. Costello Asset Management INC raised its position in shares of Dominion Energy by 66.7% in the 4th 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 shares of Dominion Energy during the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.7%

Shares of NYSE D opened at $68.55 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 market cap of $60.29 billion, a price-to-earnings ratio of 23.88 and a beta of 0.65. 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 stock’s 50 day simple moving average is $69.05 and its 200 day simple moving average is $65.33.

Dominion Energy (NYSE:D) last issued its 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. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.04 billion. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the company earned $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities research analysts expect that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy’s dividend payout ratio (DPR) is 93.03%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on D shares. Wall Street Zen lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. BMO Capital Markets raised their price objective on shares of Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. Morgan Stanley dropped their target price on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Seaport Research Partners cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group upgraded Dominion Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $76.00 in a research note on Thursday, May 28th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average price target of $68.00.

Dominion Energy News Roundup

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

• Positive Sentiment: Data-center demand supports long-term growth. Virginia’s expanding data-center sector is increasing electricity demand and could provide Dominion with additional load growth and investment opportunities. The Virginia State Corporation Commission also ordered certain transmission costs to be assigned directly to data centers, potentially limiting the burden on other customers and Dominion’s broader rate base. Why Is Dominion Energy in Focus as Data Center Demand Grows Today? Dominion ordered to directly assign some transmission costs to data centers
• Positive Sentiment: Lake Murray dam restoration is complete. Dominion completed tower upgrades and restoration work at the Saluda Hydroelectric Project, a favorable infrastructure milestone that may improve asset reliability and reduce execution uncertainty. Temporary boating restrictions remain around the dam as final safety measures are completed. Dominion Energy completes Lake Murray Dam restoration project
• Neutral Sentiment: Dominion rejected claims regarding Ashburn power lines. The company denied allegations that it ignored an alternative plan, keeping attention on its Virginia transmission development and stakeholder disputes without an immediate financial impact. Dominion denies Congressman’s claims about Ashburn power lines
• Negative Sentiment: Fuel-cost requests could increase customer bills. Dominion is seeking approval in North Carolina to recover higher fuel costs, potentially adding roughly $23 per month for some customers. Although recovery could protect cash flow, higher bills may create political and regulatory resistance. Dominion seeks increase for fuel costs
• Negative Sentiment: Truist cut its price target and maintained a Hold rating. The target was reduced from $68 to $66, signaling limited near-term upside and adding pressure to the shares. Truist lowers Dominion Energy price target
• Negative Sentiment: Merger oversight remains contentious. Questions about potential conflicts involving the Virginia SCC chair’s review of the NextEra-Dominion merger could prolong regulatory scrutiny and increase uncertainty around the transaction. Concerns over Virginia SCC chair and NextEra-Dominion 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.