Ascent Wealth Partners 13F: Cuts D Stake by $874K

Ascent Wealth Partners trimmed its stake in Dominion Energy, Inc. (NYSE: D) by 44.9%, cutting 14,437 shares from its portfolio during the period. According to a Form 13F filing with the SEC on October 23, 2026, the firm ended the quarter with 17,725 shares worth about $1.07 million.

D Dominion Energy, Inc.

$65.20 ▲ +13.49% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Ascent Wealth Partners's Dominion Energy, Inc. Position

The fund held 32,162 shares prior to the filing. Dropping 14,437 shares brought its remaining holding down to 17,725 shares. The reported value of the position stood at $1,072,717 at the time of the filing.

Other Institutional Activity in Dominion Energy, Inc.

Other large investors adjusted their positions in the utility provider as well. Dodge & Cox reduced its holdings by 2,672,398 shares, ending with 19,477,520 shares worth about $1.35 billion. Massachusetts Financial Services Co. cut its stake by 6,591,626 shares to finish with 20,030,451 shares valued at roughly $1.31 billion. Dodge & Cox Inc. pared back its position by 1,174,523 shares, holding 18,303,470 shares worth about $1.19 billion. Meanwhile, Gleason Group and ARS Wealth Advisors Group completely closed out their positions, selling all of their shares.

Dominion Energy, Inc. Stock Up 4.6%

Dominion Energy shares recently traded around $65.22, matching the closing price of $65.20 on the filing date. The stock sits roughly 1.7% above its 50-day moving average of $64.14 and about 1.0% above its 200-day moving average of $64.60. Shares remain down about 10.6% from their 52-week high of $72.99 while trading 16.8% above their 52-week low of $55.85.

Recent Earnings

Dominion Energy reported $18.12 billion in trailing-twelve-month revenue alongside earnings of $3.03 per share. The company posted a net profit margin of 14.0% and a return on equity of 8.3%. Its next quarterly earnings update is scheduled for October 30, 2026.

Dividend

Eligible shareholders receive an annual dividend of $2.67 per share, translating to a dividend yield of 4.08%. The company's payout ratio stands at 92.4%.

Insider Buying and Selling at Dominion Energy, Inc.

Chief Executive Officer Robert M. Blue purchased 4,152 shares at an average price of $60.35 on August 27, 2025, in a transaction valued at $250,557.

Analysts Set New Price Targets

On August 21, 2026, Morgan Stanley maintained its Equal-Weight rating on Dominion Energy while lowering its price target from $71.00 to $68.00. Later, on September 18, 2026, Morgan Stanley maintained its Equal-Weight rating and lowered the target further to $66.00. Truist Securities maintained a Hold rating on October 12, 2026, adjusting its target down from $66.00 to $62.00. Barclays maintained an Overweight rating on October 19, 2026, reducing its target from $69.00 to $65.00. Mizuho maintained a Neutral rating on October 20, 2026, lowering its target from $72.00 to $67.00. Overall, the company carries a consensus buy recommendation from 12 analysts, with a mean price target of $70.67.

About Dominion Energy, Inc.

Dominion Energy provides regulated electricity and natural gas services to millions of residential, commercial, and industrial customers, primarily across Virginia, North Carolina, and South Carolina. The utility operates extensive generation, transmission, and distribution networks to power homes and businesses. Institutional adjustments like those from Ascent Wealth Partners come as large investors continually rebalance their utility holdings in response to changing interest rates and sector valuations.

Bottom Line

Investors are keeping a close watch on the upcoming earnings report scheduled for October 30, 2026, for fresh insights into utility demand and financial performance. Filings like Ascent Wealth Partners's report give a window into how institutional managers are adjusting their utility exposure.