Allworth Financial LP Lowers Stock Holdings in Dominion Energy Inc. $D

Allworth Financial LP cut its holdings in Dominion Energy Inc. (NYSE:D) by 24.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,038 shares of the utilities provider’s stock after selling 9,826 shares during the period. Allworth Financial LP’s holdings in Dominion Energy were worth $2,051,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in shares of Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after purchasing an additional 3,553 shares in the last quarter. Empowered Funds LLC raised its stake in Dominion Energy by 8.3% during the first quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock valued at $985,000 after purchasing an additional 1,344 shares in the last quarter. Woodline Partners LP lifted its position in Dominion Energy by 40.7% during the first quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock valued at $3,979,000 after purchasing an additional 20,522 shares during the last quarter. Intech Investment Management LLC lifted its position in Dominion Energy by 71.2% during the first quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock valued at $1,708,000 after purchasing an additional 12,663 shares during the last quarter. Finally, Schnieders Capital Management LLC. grew its stake in shares of Dominion Energy by 9.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider’s stock worth $7,041,000 after buying an additional 10,775 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

Dominion Energy stock opened at $64.83 on Friday. The firm has a 50-day moving average price of $68.41 and a 200-day moving average price of $65.83. The firm has a market capitalization of $57.02 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 3.03 and a beta of 0.64. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43. Dominion Energy Inc. has a 12-month low of $55.85 and a 12-month high of $72.99.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, equities research analysts forecast that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders 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 4.1%. Dominion Energy’s dividend payout ratio is currently 93.03%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and upped their target price for the company from $65.00 to $76.00 in a research report on Thursday, May 28th. Wall Street Zen lowered Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Dominion Energy in a research note on Wednesday, August 19th. BMO Capital Markets upped their price objective on Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, July 22nd. Finally, Morgan Stanley lowered their price objective on Dominion Energy from $71.00 to $68.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $69.93.

Trending Headlines about Dominion Energy

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

• Positive Sentiment: The proposed Dominion–NextEra combination continues to advance after shareholders of both companies approved the transaction on September 3. The combined utility would serve approximately 10 million customer accounts across four states, offering potential scale and operating efficiencies. Wynson Securities announces progress on the Dominion–NextEra combination
• Neutral Sentiment: State regulators are adding local hearings to the merger review, giving communities more opportunities to comment. The hearings do not necessarily derail the transaction but extend the regulatory process and keep the deal in the spotlight. Commission adds local hearings to merger review
• Negative Sentiment: Richmond City Council voted to intervene in the merger case, while local residents and officials criticized potential impacts on electricity costs and Dominion’s proposed large gas plant. The opposition increases the risk of conditions, delays or added costs before approval. Richmond City Council votes to intervene in merger proposal
• Neutral Sentiment: Operational reports included a temporary outage affecting more than 100 customers after a vehicle crash and a planned lowering of Lake Murray’s water level. These events appear localized and are unlikely to materially affect Dominion’s earnings outlook. Dominion to lower Lake Murray levels

Dominion Energy Profile

Dominion Energy, Inc is a regulated energy company headquartered in Richmond, Virginia. Through its utility operations, the company generates, transmits and distributes electricity and provides natural gas service to residential, commercial and industrial customers, primarily in Virginia and South Carolina.

The company’s electric generation portfolio includes nuclear, natural gas, renewable energy and hydroelectric resources. Dominion Energy also operates electric transmission and distribution networks, natural gas distribution systems and related energy infrastructure.