Citigroup Inc. boosted its position in Dominion Energy Inc. (NYSE:D – Free Report) by 36.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,422,315 shares of the utilities provider’s stock after purchasing an additional 649,989 shares during the period. Citigroup Inc. owned about 0.28% of Dominion Energy worth $148,173,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of D. CoreFirst Bank & Trust purchased a new stake in shares of Dominion Energy during the second quarter valued at approximately $25,000. Westside Investment Management Inc. increased its position in shares of Dominion Energy by 123.3% during the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 259 shares during the last quarter. United Community Bank bought a new stake in shares of Dominion Energy during the 3rd quarter worth $29,000. Hanson & Doremus Investment Management purchased a new position in shares of Dominion Energy in the 3rd quarter worth about $31,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Dominion Energy during the second quarter valued at about $32,000. Institutional investors own 73.04% of the company’s stock.
Key Headlines Impacting Dominion Energy
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Technical and market-flow support — shares are trading above their 50- and 200-day moving averages with noticeably higher-than-average volume, which can amplify short-term upside as investors position ahead of earnings and catalysts.
- Positive Sentiment: Analyst previews and metric projections ahead of Q4 earnings suggest key operational metrics (wholesale energy margins, regulated utility results, and segment-specific demand) could be better than feared, giving investors upside if Dominion reports in line or ahead of those expectations. What Analyst Projections for Key Metrics Reveal About Dominion Energy (D) Q4 Earnings
- Neutral Sentiment: Corporate talent flow — a former Dominion executive (Diane Leopold) was named to CMS Energy’s board; notable as industry mobility but not a direct earnings driver for Dominion. CMS Energy Announces Diane Leopold and Richard Keyes to Join the Board of Directors
- Neutral Sentiment: Sector rotation toward utilities powering data centers (highlighted by competitor DTE’s big AI/data-center deals) is changing investor preferences within the group; this is a broader market theme that could benefit or re-rate Dominion depending on how its own large-capex plans and data-center exposure evolve. DTE’s Stargate Deal Turns Power Into Profits
- Negative Sentiment: Customer bill spikes and media scrutiny — multiple reports document higher-than-usual January bills tied to a cold snap and wholesale price moves, triggering customer complaints and state-level attention; sustained negative press can lead to regulatory probes, rate cases, or mandated refunds, which are direct downside risks. ‘This is extreme,’ Customers receive higher than usual Dominion Energy bills Dominion Energy customers question January bill spikes
- Negative Sentiment: Fundamental concerns highlighted by analysts — previews and “buy/sell/hold” write-ups flag margin pressure, a large multi‑year $50 billion-plus investment plan and a premium valuation; disappointing execution or guidance could easily reverse the recent pop. Dominion Energy to Report Q4 Earnings: Buy, Sell or Hold the Stock?
Dominion Energy Price Performance
Dominion Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 27th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, February 27th. Dominion Energy’s dividend payout ratio is presently 90.82%.
Analyst Upgrades and Downgrades
Several brokerages have commented on D. Wells Fargo & Company lowered their price objective on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $70.00 price objective on shares of Dominion Energy in a research note on Tuesday, October 28th. BMO Capital Markets decreased their target price on 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. JPMorgan Chase & Co. dropped their price target on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research report on Thursday, December 11th. Finally, TD Cowen began coverage on Dominion Energy in a report on Friday, January 9th. They issued a “hold” rating and a $65.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $64.33.
Check Out Our Latest Stock Analysis on D
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.
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