Principal Financial Group Inc. Reduces Stock Holdings in Dominion Energy Inc. $D

Principal Financial Group Inc. reduced its stake in shares of Dominion Energy Inc. (NYSE:D) by 0.7% during the first quarter, Holdings Channel reports. The firm owned 1,035,413 shares of the utilities provider’s stock after selling 7,161 shares during the quarter. Principal Financial Group Inc.’s holdings in Dominion Energy were worth $64,009,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC increased its position in shares of Dominion Energy by 14.8% during the first quarter. Chicago Partners Investment Group LLC now owns 5,916 shares of the utilities provider’s stock valued at $361,000 after buying an additional 761 shares during the period. Procyon Advisors LLC bought a new stake in Dominion Energy during the 1st quarter valued at approximately $208,000. LGT Fund Management Co Ltd. bought a new stake in Dominion Energy during the 1st quarter valued at approximately $8,373,000. Anchor Investment Management LLC grew its holdings in shares of Dominion Energy by 6.9% during the 1st quarter. Anchor Investment Management LLC now owns 11,988 shares of the utilities provider’s stock worth $741,000 after acquiring an additional 775 shares during the period. Finally, Navigoe LLC grew its holdings in shares of Dominion Energy by 254.7% during the 1st quarter. Navigoe LLC now owns 2,089 shares of the utilities provider’s stock worth $129,000 after acquiring an additional 1,500 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on D shares. Morgan Stanley lowered their target price on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Wells Fargo & Company upped their price target on Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Weiss Ratings upgraded Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Jefferies Financial Group raised Dominion Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from $65.00 to $76.00 in a research report on Thursday, May 28th. Finally, Royal Bank Of Canada upped their target price on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average target price of $67.62.

Dominion Energy Stock Performance

Dominion Energy stock opened at $71.64 on Friday. 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 company has a market capitalization of $63.00 billion, a P/E ratio of 21.19 and a beta of 0.65. The stock’s 50 day moving average is $67.58 and its 200 day moving average is $63.92. Dominion Energy Inc. has a twelve month low of $55.85 and a twelve month high of $71.84.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.43 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, equities research analysts predict that Dominion Energy Inc. will post 3.59 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, June 20th. Stockholders of record on Friday, May 29th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, May 29th. Dominion Energy’s payout ratio is currently 78.99%.

More Dominion Energy News

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

• Positive Sentiment: Dominion and NextEra filed merger applications, advancing a deal that could create the world’s largest regulated electric utility and improve Dominion’s long-term growth profile. Article Title
• Positive Sentiment: The companies pledged $2.25 billion in bill credits and said merger costs would not be passed to customers, which could help regulatory approval prospects. Article Title
• Neutral Sentiment: State and federal regulators in Virginia, North Carolina, South Carolina and Washington will now review the proposal, and the process could take time before any closing in the second half of 2027. Article Title
• Negative Sentiment: The merger still faces scrutiny from lawmakers, regulators and local stakeholders, who are questioning costs, customer impacts and infrastructure issues tied to Dominion’s large transmission projects. Article Title

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.