Allstate Corp Makes New Investment in Dominion Energy Inc. $D

Allstate Corp acquired a new position in shares of Dominion Energy Inc. (NYSE:D) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 31,409 shares of the utilities provider’s stock, valued at approximately $1,921,000.

Several other institutional investors have also recently bought and sold shares of D. CoreFirst Bank & Trust acquired a new position in Dominion Energy in the second quarter valued at about $25,000. Westside Investment Management Inc. grew its stake in shares of Dominion Energy by 123.3% in the second quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after buying an additional 259 shares in the last quarter. Hanson & Doremus Investment Management bought a new position in Dominion Energy during the third quarter worth about $31,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Dominion Energy during the 2nd quarter worth approximately $32,000. Finally, Capital A Wealth Management LLC boosted its holdings in shares of Dominion Energy by 5,038.5% during the second quarter. Capital A Wealth Management LLC now owns 668 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 655 shares during the period. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on D shares. BTIG Research initiated coverage on Dominion Energy in a report on Wednesday, October 22nd. They set a “neutral” rating on the stock. Morgan Stanley boosted their price objective on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. Evercore ISI initiated coverage on shares of Dominion Energy in a report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 target price on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a report on Monday, December 29th. Finally, BMO Capital Markets decreased their target price on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $64.44.

Trending Headlines about Dominion Energy

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

• Positive Sentiment: Court rulings allow Dominion to press ahead with the ~$11B Coastal Virginia Offshore Wind project, clearing a federal pause and enabling construction/work to resume — reduces legal uncertainty and preserves long‑term renewable revenue. ENR: $11B Virginia Offshore Wind Project
• Positive Sentiment: Multiple reports confirm work has resumed on the CVOW after court orders ended the federal pause — near‑term progress reduces schedule and financing risk versus prolonged litigation. Yahoo: Work resumes on CVOW
• Neutral Sentiment: Wells Fargo trimmed its price target from $67 to $64 but kept an Overweight rating — signals slightly reduced upside expectations while retaining conviction in the name. Benzinga: Wells Fargo price target change
• Neutral Sentiment: Dominion is taking operational steps ahead of potential winter weather in Hampton Roads and testing infrastructure (e.g., Lake Murray dam sirens) — shows preparedness but minimal near‑term financial impact. Yahoo: Prepares for winter weather
• Neutral Sentiment: Corporate / community activity: Dominion Energy Charitable Foundation opened its spring grant cycle — positive for corporate goodwill but immaterial to earnings. Yahoo Finance: Charitable foundation grants
• Negative Sentiment: Customer/regulatory pressure: Coverage highlights Virginia customers facing high electric bills and Dominion’s public explanation — raises political/regulatory scrutiny risk that could lead to rate reviews or reputational damage. Yahoo: Reasoning for high electric bills
• Negative Sentiment: Policy opposition: Solar advocates are pushing back against Dominion’s net‑metering proposal — regulatory pushback could limit earnings from distributed generation strategies or force concessions. MSN: Solar advocates vs. net metering proposal

Dominion Energy Price Performance

D opened at $61.08 on Wednesday. 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 company has a 50-day moving average of $59.75 and a 200-day moving average of $59.85. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.87. The company has a market capitalization of $52.16 billion, a P/E ratio of 20.77, a PEG ratio of 1.66 and a beta of 0.72.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. The business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.71 billion. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Equities analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 20th. Shareholders of record on Friday, December 5th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy’s dividend payout ratio is currently 90.82%.

About Dominion Energy

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.