Bank of America Corp DE Purchases 2,164,951 Shares of Dominion Energy Inc. $D

Bank of America Corp DE increased its holdings in shares of Dominion Energy Inc. (NYSE:D) by 15.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 15,930,241 shares of the utilities provider’s stock after acquiring an additional 2,164,951 shares during the period. Bank of America Corp DE’s holdings in Dominion Energy were worth $984,808,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Motiv8 Investments LLC acquired a new position in shares of Dominion Energy during the 4th quarter worth approximately $25,000. Blueline Advisors LLC acquired a new stake in shares of Dominion Energy in the 4th quarter valued at approximately $28,000. Triumph Capital Management bought a new position in shares of Dominion Energy in the third quarter valued at $28,000. Costello Asset Management INC increased its holdings in Dominion Energy by 66.7% during the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock worth $29,000 after buying an additional 200 shares during the last quarter. Finally, Advocate Investing Services LLC bought a new stake in Dominion Energy during the fourth quarter worth $29,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy News Roundup

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

• Positive Sentiment: Dominion reported second-quarter operating earnings of $0.79 per share, above the $0.68 analyst consensus, while revenue rose 17.6% year over year to $4.48 billion, exceeding expectations of $4.04 billion. Dominion Energy Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Virginia utility performance and growing electricity demand from data centers supported the quarter. Dominion said demand from server facilities in its service territory has surpassed 50 gigawatts, strengthening the long-term case for power-load growth. Top US Data Center-Serving Utility Dominion Tops Profit Estimates
• Positive Sentiment: The company plans to build a natural-gas power plant at Mount Storm, potentially adding generation capacity to serve rising electricity demand. Dominion to Build Natural Gas Power Plant at Mount Storm
• Neutral Sentiment: Dominion reaffirmed fiscal 2026 operating EPS guidance of $3.45 to $3.69, with the midpoint of $3.57 slightly below the $3.59 consensus estimate. Dominion Energy Announces Second-Quarter 2026 Results
• Negative Sentiment: GAAP net income fell to $340 million, or $0.37 per share, from $760 million, or $0.88 per share, a year earlier. Rising operating expenses and weaker performance in some segments reduced the quality of the headline earnings beat.
• Negative Sentiment: A reported analyst downgrade recommended taking profits ahead of a potential NextEra Energy merger, while Virginia lawmakers’ consideration of a special session adds uncertainty around the transaction. Dominion Energy: Take Profits Ahead of the Potential NextEra Merger
• Negative Sentiment: Residents are protesting a Dominion power-line project and demanding that the line be buried, creating potential permitting, cost and execution risks. Concerns about aging grid infrastructure and customer complaints over high summer bills add to the company’s reputational and regulatory pressure.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on D shares. Wells Fargo & Company raised their price objective on Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Truist Financial decreased their target price on Dominion Energy from $67.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, May 29th. Barclays cut their price target on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Jefferies Financial Group upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from $65.00 to $76.00 in a report on Thursday, May 28th. Finally, 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 report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $68.00.

Dominion Energy Stock Performance

D opened at $69.32 on Friday. The firm has a market cap of $60.96 billion, a P/E ratio of 20.51 and a beta of 0.65. The business’s fifty day moving average is $68.80 and its 200-day moving average is $64.80. Dominion Energy Inc. has a 52-week low of $55.85 and a 52-week high of $72.99. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.78.

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, beating analysts’ consensus estimates of $0.68 by $0.11. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter last year, the business posted $0.75 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Sell-side analysts expect that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced 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 is Friday, September 4th. This represents a $2.67 annualized dividend and a yield of 3.9%. Dominion Energy’s payout ratio is presently 78.99%.

Dominion Energy Company 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.