Payden & Rygel Sells 67,800 Shares of Dominion Energy Inc. $D

Payden & Rygel trimmed its position in Dominion Energy Inc. (NYSE:D) by 17.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 313,800 shares of the utilities provider’s stock after selling 67,800 shares during the quarter. Dominion Energy makes up 1.3% of Payden & Rygel’s holdings, making the stock its 25th largest position. Payden & Rygel’s holdings in Dominion Energy were worth $18,386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of D. Triumph Capital Management bought a new stake in shares of Dominion Energy in the 3rd quarter valued at about $28,000. United Community Bank bought a new stake in Dominion Energy in the 3rd quarter valued at $29,000. Costello Asset Management INC raised its stake in Dominion Energy by 66.7% in the 4th quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 200 shares during the period. JPL Wealth Management LLC bought a new stake in Dominion Energy in the 3rd quarter valued at $30,000. Finally, Cornerstone Planning Group LLC raised its stake in Dominion Energy by 5,080.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 518 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 508 shares during the period. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Up 9.3%

Shares of NYSE D opened at $67.50 on Tuesday. 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 Inc. has a 52 week low of $53.36 and a 52 week high of $68.97. The stock has a market capitalization of $59.36 billion, a P/E ratio of 19.97, a PEG ratio of 3.25 and a beta of 0.65. The stock’s fifty day moving average is $62.42 and its 200 day moving average is $61.41.

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. The business had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $4.43 billion. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Sell-side analysts forecast that Dominion Energy Inc. will post 3.59 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 20th. Investors of record on Friday, May 29th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is 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: NextEra agreed to acquire Dominion Energy in an all-stock deal worth about $66.8 billion, giving Dominion shareholders a sizable takeover premium and making the stock jump on merger-arbitrage optimism.
• Positive Sentiment: The companies said the combined utility will be the largest regulated electric utility in the world, with major exposure to fast-growing AI/data-center power demand, which is improving sentiment toward Dominion’s long-term asset value.
• Positive Sentiment: Management highlighted proposed $2.25 billion in bill credits and other commitments aimed at easing regulatory approval, which may help reduce concerns that could otherwise weigh on the deal.
• Neutral Sentiment: Unusually heavy options activity also showed traders positioning aggressively around the transaction, signaling heightened speculation and volatility rather than a fundamental change in operations.
• Negative Sentiment: The merger faces shareholder, antitrust, and state utility-regulator approvals, so there is still execution risk if regulators demand changes or the deal takes longer to close than expected.
• Negative Sentiment: A shareholder-law firm has already launched an investigation into whether Dominion’s board secured a fair price, which could add legal noise around the transaction.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wall Street Zen cut Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Scotiabank increased their price target on Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Dominion Energy in a report on Friday, May 8th. Jefferies Financial Group increased their price target on shares of Dominion Energy from $60.00 to $65.00 and gave the company a “hold” rating in a report on Friday, April 10th. Finally, Truist Financial began coverage on shares of Dominion Energy in a report on Tuesday, April 21st. They issued a “hold” rating and a $67.00 price target on the stock. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $66.31.

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.