Resona Asset Management Co. Ltd. Sells 10,107 Shares of Dominion Energy Inc. $D

Resona Asset Management Co. Ltd. cut its position in Dominion Energy Inc. (NYSE:D) by 3.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 272,055 shares of the utilities provider’s stock after selling 10,107 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Dominion Energy were worth $18,625,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Dominion Energy by 0.9% during 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 during the last quarter. Capital Research Global Investors raised 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 acquiring an additional 4,940,692 shares during the last quarter. State Street Corp lifted its position 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 acquiring an additional 1,686,050 shares in the last quarter. Wellington Management Group LLP boosted its stake 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 purchasing an additional 14,197,581 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Dominion Energy by 1.6% during 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 during the last quarter. Institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. BMO Capital Markets boosted their price target on Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. Seaport Research Partners cut Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Barclays reduced their price objective on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Morgan Stanley decreased their target price on 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. Finally, Truist Financial lowered their target price on shares of Dominion Energy from $68.00 to $66.00 and set a “hold” rating on the stock in a research note on Thursday. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $68.00.

Dominion Energy Stock Performance

Shares of D opened at $68.55 on Friday. The firm has a market capitalization of $60.29 billion, a P/E ratio of 23.88 and a beta of 0.65. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. Dominion Energy Inc. has a one year low of $55.85 and a one year high of $72.99. The business has a fifty day moving average of $69.05 and a 200 day moving average of $65.33.

Dominion Energy (NYSE:D) last posted 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. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.04 billion. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.Dominion Energy’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, sell-side analysts anticipate that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Announces Dividend

The firm 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. 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 Summary

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

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.