Assetmark Inc. Acquires 17,990 Shares of Dominion Energy Inc. $D

Assetmark Inc. raised its stake in Dominion Energy Inc. (NYSE:D) by 43.9% during the 3rd quarter, Holdings Channel reports. The fund owned 59,015 shares of the utilities provider’s stock after acquiring an additional 17,990 shares during the period. Assetmark Inc.’s holdings in Dominion Energy were worth $3,610,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CoreFirst Bank & Trust acquired a new stake in shares of Dominion Energy in the 2nd quarter valued at $25,000. Westside Investment Management Inc. lifted 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 acquiring an additional 259 shares during the period. United Community Bank acquired a new stake in shares of Dominion Energy in the 3rd quarter valued at about $29,000. Hanson & Doremus Investment Management bought a new stake in shares of Dominion Energy during the third quarter valued at approximately $31,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Dominion Energy during the 2nd quarter valued at $32,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Dominion Energy

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

• Positive Sentiment: PJM transmission approval improves visibility on major transmission buildouts and supports a higher regulated asset base and valuation for Dominion, a near-term catalyst for earnings and rate-base growth. Assessing Dominion Energy (D) Valuation After Major PJM Transmission Approval
• Positive Sentiment: Virginia SCC revived the Chesterfield gas plant’s air-permit appeal, putting the $1.47B gas plant proposal back on track — a large capital project that increases near-term spending and long-term rate base. That should support future regulated returns if construction proceeds. Dominion $1.47B gas plant proposal back on track in Chesterfield
• Positive Sentiment: Dominion is positioning for massive data-center load growth (reporting preparation for up to 70,000 MW demand in Virginia). Large incremental load offers a pathway to higher regulated revenues and multi-year contracted growth if the company secures customers. Dominion prepares for 70,000 MW in data center demand
• Neutral Sentiment: Analyst projections ahead of Q4 results provide guidance on key metrics (revenue, regulated earnings, capex outlook); these estimates set the bar for the upcoming earnings release and could magnify moves if actuals diverge. What Analyst Projections for Key Metrics Reveal About Dominion Energy (D) Q4 Earnings
• Negative Sentiment: Consumer complaints about rising energy bills are getting media attention and could prompt political or regulatory pressure (rate-case scrutiny, public hearings). That public backlash is a downside risk for near-term regulatory outcomes and sentiment. ‘Out of control’: Dominion Energy customers speak out about rising energy bills in the Valley (5 pm)
• Negative Sentiment: Shares recently declined even as the broader market improved, reflecting investor caution around regulatory news, rate-case risk, and near-term execution on big projects; watch next earnings and regulatory filings for confirmation. Dominion Energy (D) Stock Declines While Market Improves: Some Information for Investors

Analysts Set New Price Targets

Several brokerages have weighed in on D. Weiss Ratings upgraded Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Morgan Stanley raised their target price on Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $70.00 price objective on shares of Dominion Energy in a report on Tuesday, October 28th. Barclays decreased their price target on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Finally, BTIG Research started coverage on Dominion Energy in a research report on Wednesday, October 22nd. They set a “neutral” rating for the company. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $64.33.

Dominion Energy Stock Performance

Shares of D stock opened at $64.58 on Thursday. The firm has a market capitalization of $55.15 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 1.78 and a beta of 0.71. The stock has a fifty day moving average of $60.51 and a 200 day moving average of $60.50. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $67.57. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 27th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, February 27th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.82%.

Dominion Energy Company 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.