Mitsubishi UFJ Asset Management Boosts Stake in Dominion Energy

The Japanese asset management firm increased its position in the U.S. utility company by 5.1% in the third quarter.

Feb. 28, 2026 at 11:04am

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Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Dominion Energy Inc. (NYSE:D) by 5.1% in the third quarter, according to a recent SEC filing. The firm now owns 1,709,730 shares of the utilities provider's stock, valued at $104,584,000.

Why it matters

Dominion Energy is a major U.S. utility company that provides electricity and natural gas to customers across several states. Institutional investors like Mitsubishi UFJ closely monitor and adjust their positions in Dominion, as the company's performance and regulatory environment can significantly impact its stock price and shareholder returns.

The details

Mitsubishi UFJ Asset Management purchased an additional 83,700 shares of Dominion Energy during the third quarter, increasing its total position by 5.1%. The firm now owns over 1.7 million shares of the utility company. Other hedge funds have also been active in trading Dominion Energy stock, with some increasing their positions and others reducing exposure.

  • Mitsubishi UFJ Asset Management increased its stake in Dominion Energy during the third quarter of 2026.
  • Dominion Energy's stock opened at $63.00 per share on Friday, February 28, 2026.

The players

Mitsubishi UFJ Asset Management Co. Ltd.

A Japanese asset management firm that has increased its position in Dominion Energy, a major U.S. utility company.

Dominion Energy Inc.

A diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure, headquartered in Richmond, Virginia.

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The takeaway

Mitsubishi UFJ's increased stake in Dominion Energy reflects the Japanese firm's confidence in the U.S. utility's long-term prospects, despite some recent stock price volatility. Dominion's diverse energy portfolio and regulated business model continue to attract institutional investors seeking stable returns.