Fifth Third Bancorp Purchases 164,967 Shares of Dominion Energy Inc. $D

Fifth Third Bancorp boosted its position in Dominion Energy Inc. (NYSE:D) by 178.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 257,244 shares of the utilities provider’s stock after purchasing an additional 164,967 shares during the period. Fifth Third Bancorp’s holdings in Dominion Energy were worth $15,903,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in D. Wellington Management Group LLP boosted its holdings in shares of Dominion Energy by 46.2% in the fourth quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock worth $2,633,253,000 after buying an additional 14,197,581 shares during the last quarter. Norges Bank bought a new position in Dominion Energy in the fourth quarter worth approximately $655,142,000. Capital Research Global Investors raised its position in Dominion Energy by 9.0% in the fourth quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider’s stock worth $3,503,142,000 after acquiring an additional 4,940,692 shares during the period. Adage Capital Partners GP L.L.C. purchased a new position in shares of Dominion Energy during the 4th quarter worth $125,495,000. Finally, State Street Corp boosted its stake in shares of Dominion Energy by 3.6% during the 4th quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock worth $2,848,662,000 after acquiring an additional 1,686,050 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $71.32 on Wednesday. The company has a market capitalization of $62.72 billion, a price-to-earnings ratio of 21.10 and a beta of 0.65. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38. The stock’s 50-day simple moving average is $67.19 and its 200-day simple moving average is $63.74. Dominion Energy Inc. has a 52 week low of $55.85 and a 52 week high of $71.57.

Dominion Energy (NYSE:D) last released its earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. The firm had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.43 billion. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The firm’s revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the business posted $0.93 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, analysts expect that Dominion Energy Inc. will post 3.59 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 20th. Shareholders of record on Friday, May 29th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is 78.99%.

More Dominion Energy News

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

• Positive Sentiment: Dominion’s shares have benefited from a broader utility-sector bid and reports that the company continues to restore service after recent severe weather, which supports confidence in its operational reliability. Dominion Energy working to restore and repair utilities after sever weather weekend
• Positive Sentiment: Analyst and market coverage noted Dominion Energy (D) was gaining even as the broader market slipped, suggesting relative strength in the stock. Dominion Energy (D) Gains As Market Dips: What You Should Know
• Neutral Sentiment: News that Virginia customers may see higher bills due to rising fuel costs could be supportive for future cost recovery, but it also risks customer backlash and political pressure. Virginia customers face $8 jump in Dominion Energy bills as fuel costs climb
• Neutral Sentiment: Regulatory scrutiny around the reported $67 billion NextEra-Dominion merger keeps speculation alive, but added political review could delay or complicate any deal-related upside. Lt. Gov. Hashmi urges scrutiny of proposed $67B NextEra-Dominion Energy merger
• Neutral Sentiment: Local opposition to Dominion’s transmission-line project in Loudoun County adds another regulatory hurdle, but the market impact is likely limited unless it affects major capital plans. Loudoun school board votes against Dominion transmission line project
• Negative Sentiment: Coverage of higher Dominion bills in Virginia and criticism of utility rate increases could weigh on sentiment by increasing political and customer pressure on the company. Why Dominion Energy is raising power bills this month and how to speak up about it

Analyst Upgrades and Downgrades

Several research firms have recently commented on D. Weiss Ratings upgraded Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Truist Financial lowered their target price on Dominion Energy from $67.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. Morgan Stanley cut their price target on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Jefferies Financial Group upgraded Dominion Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $65.00 to $76.00 in a research report on Thursday, May 28th. Finally, Royal Bank Of Canada raised their price objective 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. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $67.62.

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.