NEOS Investment Management LLC Increases Position in Dominion Energy Inc. $D

NEOS Investment Management LLC lifted its stake in Dominion Energy Inc. (NYSE:D) by 13.5% in the 2nd quarter, Holdings Channel reports. The firm owned 139,170 shares of the utilities provider’s stock after purchasing an additional 16,604 shares during the quarter. NEOS Investment Management LLC’s holdings in Dominion Energy were worth $9,504,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Motiv8 Investments LLC acquired a new position in Dominion Energy during the fourth quarter worth about $25,000. Blueline Advisors LLC purchased a new stake in shares of Dominion Energy during the 4th quarter worth approximately $28,000. Triumph Capital Management purchased a new stake in shares of Dominion Energy during the 3rd quarter worth approximately $28,000. Costello Asset Management INC grew its holdings 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 worth $29,000 after acquiring an additional 200 shares during the period. Finally, Advocate Investing Services LLC purchased a new position in Dominion Energy in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 1.6%

D opened at $65.72 on Friday. Dominion Energy Inc. has a 12 month low of $55.85 and a 12 month high of $72.99. The business has a 50-day moving average of $68.76 and a two-hundred day moving average of $65.84. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. The stock has a market capitalization of $57.80 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 3.07 and a beta of 0.64.

Dominion Energy (NYSE:D) last released its earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $4.04 billion. During the same period last year, the company earned $0.75 earnings per share. The company’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. On average, research analysts expect that Dominion Energy Inc. will post 3.57 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders 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 4.1%. The ex-dividend date is Friday, September 4th. Dominion Energy’s dividend payout ratio (DPR) is 93.03%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Dominion Energy in a research report on Wednesday, August 19th. Royal Bank Of Canada lifted their price target on Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Barclays decreased their price objective on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. BMO Capital Markets increased their price objective on shares of Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, July 22nd. Finally, Truist Financial dropped their target price on shares of Dominion Energy from $68.00 to $66.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $69.93.

Dominion Energy News Summary

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

• Positive Sentiment: Dominion shareholders approved the proposed $66.8 billion all-stock merger with NextEra Energy by an overwhelming margin, with approximately 671.3 million votes in favor. The approval removes a major transaction hurdle and supports the companies’ expected long-term strategic combination. Dominion Energy secures shareholder approval for merger with NextEra
• Neutral Sentiment: A Virginia panel backed a Dominion gas plant that could improve generation capacity and reliability, but the project may add a long-term charge to customers’ electric bills. The potential infrastructure benefit is therefore balanced by affordability concerns. Virginia panel backs Dominion gas plant
• Negative Sentiment: Arlington County plans to intervene in the merger review, citing rising electric bills and seeking greater scrutiny of the transaction. Other advocacy groups and Virginia officials are also requesting answers about how the merger could affect rates, increasing the risk of delays or additional conditions. Arlington to intervene in Dominion-NextEra merger
• Negative Sentiment: Dominion Power proposed a rate increase to recover approximately $922 million in fuel costs. Higher customer bills, repeated outage complaints and opposition to new transmission land acquisitions could intensify political and regulatory pressure on the utility. Dominion Power proposes price hike

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.