Mirae Asset Global Investments Co. Ltd. bought a new position in Dominion Energy Inc. (NYSE:D – Free Report) during the third quarter, according to its most recent filing with the SEC. The firm bought 239,592 shares of the utilities provider’s stock, valued at approximately $14,500,000.
Several other hedge funds have also bought and sold shares of D. Vise Technologies Inc. lifted its holdings in shares of Dominion Energy by 8.9% in the third quarter. Vise Technologies Inc. now owns 48,343 shares of the utilities provider’s stock valued at $2,926,000 after purchasing an additional 3,958 shares in the last quarter. Investment Partners LTD. purchased a new position in shares of Dominion Energy during the third quarter valued at approximately $279,000. Cidel Asset Management Inc. boosted its position in shares of Dominion Energy by 2.9% during the third quarter. Cidel Asset Management Inc. now owns 9,522 shares of the utilities provider’s stock valued at $576,000 after buying an additional 264 shares during the last quarter. Moss Adams Wealth Advisors LLC grew its holdings in Dominion Energy by 114.3% during the third quarter. Moss Adams Wealth Advisors LLC now owns 6,490 shares of the utilities provider’s stock worth $393,000 after buying an additional 3,461 shares in the last quarter. Finally, Greatmark Investment Partners Inc. grew its holdings in Dominion Energy by 47.2% during the third quarter. Greatmark Investment Partners Inc. now owns 10,139 shares of the utilities provider’s stock worth $614,000 after buying an additional 3,250 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on D. Morgan Stanley cut their target price on Dominion Energy from $68.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Friday, September 18th. Barclays reduced their target price on Dominion Energy from $69.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Mizuho set a $68.00 price target on Dominion Energy in a research report on Monday. Truist Financial dropped their price target on Dominion Energy from $66.00 to $62.00 and set a “hold” rating on the stock in a report on Monday, October 12th. Finally, BMO Capital Markets boosted their price objective on Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $69.33.
View Our Latest Analysis on Dominion Energy
Dominion Energy News Summary
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Dominion raised its 2026 earnings outlook toward the top half of its guidance range after reporting stronger operating earnings. Management also cited better-than-budgeted sales and a $137 million net-income benefit from a rate increase. Dominion Energy stock: Q3 earnings lift outlook to top half
- Positive Sentiment: Dominion and NextEra filed additional customer and financial protections for their proposed $67 billion combination. The package retains four years of shareholder-funded residential bill credits and adds safeguards intended to protect Dominion Energy Virginia’s financial independence. These concessions may help address regulatory concerns, though approval is not assured. Merger safeguards announcement
- Positive Sentiment: Demand from data centers is a potential growth driver: Dominion reportedly has more than 54 gigawatts of data-center capacity contracted. Dominion Energy: 3 Key Takeaways for Long-Term Investors
- Neutral Sentiment: Dominion said its Coastal Virginia Offshore Wind project is 85% complete and remains within its $11.65 billion budget. Progress is encouraging, but the project’s scale leaves execution and cost management in focus. Dominion Energy Reports Offshore Wind Farm Is 85% Complete
- Negative Sentiment: The merger still faces regulatory review, while offshore wind execution risks remain. Those uncertainties could offset the earnings and growth positives and limit the market’s response. Dominion Energy Stock Shrugs Off Q3 Earnings As Project Risks Linger
Dominion Energy Trading Down 1.4%
NYSE D opened at $66.77 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.88 and a debt-to-equity ratio of 1.46. The stock’s 50-day simple moving average is $63.80 and its two-hundred day simple moving average is $64.85. Dominion Energy Inc. has a twelve month low of $55.85 and a twelve month high of $72.99. The company has a market capitalization of $58.73 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 3.14 and a beta of 0.62.
Dominion Energy (NYSE:D – Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The utilities provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.07. Dominion Energy had a net margin of 13.99% and a return on equity of 10.09%. The business had revenue of $5.62 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the previous year, the firm posted $1.06 earnings per share. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. Research analysts forecast that Dominion Energy Inc. will post 3.59 EPS for the current fiscal year.
Dominion Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 20th. Investors of record on Friday, December 4th will be issued a $0.6675 dividend. The ex-dividend date is Friday, December 4th. This represents a $2.67 annualized dividend and a yield of 4.0%. Dominion Energy’s payout ratio is 88.70%.
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 distribution services to residential, commercial, industrial and governmental customers, primarily in Virginia and South Carolina.
The company operates a diversified power-generation portfolio that includes nuclear, natural gas, renewable energy and other resources. Its activities also include electricity transmission infrastructure, renewable energy development and natural gas utility operations.
Featured Articles
- Five stocks we like better than Dominion Energy
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy Inc. (NYSE:D – Free Report).
Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.
