Magellan Asset Management Ltd Sells 810,341 Shares of Dominion Energy Inc. $D

Magellan Asset Management Ltd lessened its holdings in Dominion Energy Inc. (NYSE:D) by 22.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,826,628 shares of the utilities provider’s stock after selling 810,341 shares during the period. Dominion Energy comprises 2.0% of Magellan Asset Management Ltd’s investment portfolio, making the stock its 20th biggest holding. Magellan Asset Management Ltd’s holdings in Dominion Energy were worth $172,905,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Barnes Wealth Management Group Inc increased its holdings in Dominion Energy by 4.4% during the 2nd quarter. Barnes Wealth Management Group Inc now owns 3,970 shares of the utilities provider’s stock worth $224,000 after purchasing an additional 169 shares in the last quarter. Sovereign Financial Group Inc. boosted its position in shares of Dominion Energy by 1.2% during the third quarter. Sovereign Financial Group Inc. now owns 14,138 shares of the utilities provider’s stock valued at $865,000 after buying an additional 169 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in Dominion Energy by 0.4% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 39,145 shares of the utilities provider’s stock worth $2,394,000 after buying an additional 169 shares in the last quarter. Howard Capital Management Inc. grew its holdings in Dominion Energy by 3.3% during the third quarter. Howard Capital Management Inc. now owns 5,659 shares of the utilities provider’s stock worth $346,000 after buying an additional 180 shares in the last quarter. Finally, Robinson Value Management Ltd. raised its position in Dominion Energy by 0.3% in the 3rd quarter. Robinson Value Management Ltd. now owns 70,438 shares of the utilities provider’s stock valued at $4,309,000 after buying an additional 183 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

D opened at $63.76 on Wednesday. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $67.57. The firm has a 50-day moving average of $60.96 and a 200 day moving average of $60.60. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.65 and a current ratio of 0.84. The firm has a market cap of $54.45 billion, a P/E ratio of 18.54, a PEG ratio of 1.74 and a beta of 0.71.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Monday, February 23rd. The utilities provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01. Dominion Energy had a net margin of 18.05% and a return on equity of 9.86%. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the firm posted $0.58 earnings per share. The company’s revenue for the quarter was up 20.4% 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 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, February 27th. Dominion Energy’s dividend payout ratio is 90.82%.

Trending Headlines about Dominion Energy

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

• Positive Sentiment: Q4 beat on EPS and revenue, driven by data‑center demand — Dominion reported $0.68 EPS and $4.09B revenue (well above estimates), and management highlighted strong load growth from data centers that is already boosting results. Dominion Energy Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Progress on Coastal Virginia Offshore Wind (CVOW) — Management reiterated construction milestones and near‑term completion progress on CVOW, supporting the company’s clean‑energy growth narrative and long‑term regulated earnings potential. Dominion Energy details its $65B, 5-year spending plan
• Neutral Sentiment: Five‑year capex plan expanded to ~$US65B — Dominion lifted its five‑year capital investment plan by ~30% to serve accelerating demand (largely data centers). This signals significant growth opportunity but also raises questions about execution, timing of returns and regulatory recovery. Dominion Energy Expands US$65b Plan As Data Centers Shape Growth
• Neutral Sentiment: Analyst price target tweak — Mizuho raised its price target to $66 while keeping a neutral rating, reflecting modest upside but signaling mixed analyst sentiment. Benzinga: Mizuho raises price target
• Negative Sentiment: FY‑2026 profit guidance below some Street expectations — Dominion set FY‑2026 EPS guidance of $3.45–$3.69; Reuters and others flagged that the top‑line capex uplift and timing of regulated returns mean annual profit forecasts fell short of some analyst models, which likely pressured sentiment. Reuters: forecasts annual profit below estimates, raises spending plan
• Negative Sentiment: Regulatory / legal headwinds — Environmental and community groups plan to challenge approval of a proposed gas plant, which adds execution and permitting risk (potential delays or added costs). InsideClimateNews: challenge to gas plant approval
• Negative Sentiment: Demand mix risk flagged by research — Analysts note a dual risk: booming, concentrated data‑center load growth (good for incremental revenue) versus slowing broader retail load growth and rate recovery timing, creating uncertainty about long‑term load patterns and regulatory outcomes. TipRanks: dual threats from data centers and slowing load growth

Analyst Ratings Changes

D has been the topic of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Mizuho raised their price target on shares of Dominion Energy from $62.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $70.00 price objective on shares of Dominion Energy in a research report on Tuesday, October 28th. JPMorgan Chase & Co. decreased their price objective on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a research note on Thursday, December 11th. Finally, TD Cowen began coverage on shares of Dominion Energy in a research report on Friday, January 9th. They set a “hold” rating and a $65.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $64.50.

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.