Dominion Energy, Inc.

(New York Stock Exchange)
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Somewhat Bullish +45

Energy Income Partners LLC Increases Stake in Dominion Energy Inc. $D

AI-generated analysis

πŸ“ˆ Energy Income Partners LLC increased its Dominion Energy stake by 10.0% in Q1, adding 109,705 shares to a total holding of 1,203,357 shares.

πŸ“Š Dominion Energy reported Q1 EPS of $0.95, beating the consensus estimate of $0.90 by $0.05.

πŸ’° Revenue surged to $5.02 billion, exceeding analyst expectations of $4.43 billion and growing 23.1% year-over-year.

πŸ“ˆ Jefferies Financial Group upgraded Dominion Energy to a 'buy' rating with a new price target of $76.00.

🏦 Wells Fargo raised its price target to $68.00 and assigned an 'overweight' rating to the stock.

πŸ’΅ The company paid a quarterly dividend of $0.6675 per share, offering a 3.8% annualized yield.

πŸ“‰ Morgan Stanley lowered its price target to $68.00 with an 'equal weight' rating.

πŸ“‰ Truist Financial decreased its target price to $66.00 and maintained a 'hold' rating.

🏒 Institutional ownership stands at 73.04% across various hedge funds and investment managers.

πŸ“ˆ The stock trades with a market cap of $61.83 billion and a PE ratio of 20.80.

Bullish Signals
  • Dominion Energy beat Q1 earnings expectations with EPS of $0.95 compared to the consensus of $0.90.
  • Revenue grew significantly to $5.02 billion, surpassing analyst estimates of $4.43 billion by $590 million.
  • Jefferies Financial Group upgraded the stock to a 'buy' rating and raised the price target from $65.00 to $76.00.
  • Wells Fargo increased its price target to $68.00 and assigned an 'overweight' rating.
  • The company reported a strong net margin of 16.93% and a return on equity of 9.63%.
  • Revenue increased by 23.1% year-over-year, indicating robust business growth.
  • Energy Income Partners LLC increased its stake by 10.0%, signaling institutional confidence.
Risk Factors
  • Morgan Stanley lowered its price target from $69.00 to $68.00 and set an 'equal weight' rating.
  • Truist Financial decreased its price target to $66.00 and maintained a 'hold' rating.
  • The stock's 50-day moving average of $68.63 is above the current trading price, suggesting potential short-term consolidation.
Full Analysis
Energy Income Partners LLC increased its stake in Dominion Energy Inc. (NYSE:D) by 10.0% during the first quarter, acquiring an additional 109,705 shares to hold a total of 1,203,357 shares valued at $74.39 million. This move represents a 0.14% ownership stake in the utility provider. Several other hedge funds also adjusted their positions, with Brighton Jones LLC raising holdings by 64.3%, Empowered Funds LLC increasing by 8.3%, and Woodline Partners LP lifting its position by 40.7%. Dominion Energy recently reported strong financial results for the quarter ended May 1st, beating analyst expectations with earnings per share of $0.95 versus a consensus of $0.90. Revenue reached $5.02 billion, significantly surpassing the expected $4.43 billion, driven by a 23.1% year-over-year increase. The company achieved a net margin of 16.93% and a return on equity of 9.63%, while providing FY 2026 guidance between $3.45 and $3.69 per share. Analyst sentiment remains mixed but generally positive, with recent upgrades from Jefferies Financial Group to a 'buy' rating and a price target increase to $76.00, alongside an 'overweight' rating from Wells Fargo raising its target to $68.00. The stock currently trades at a market cap of $61.83 billion with a dividend yield of 3.8%, reflecting the company's status as a diversified energy utility operating regulated electricity and natural gas infrastructure.