DNB Asset Management Reduces Stake in Dominion Energy

Utilities provider's shares sold off in third quarter

Mar. 3, 2026 at 8:47am

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DNB Asset Management AS reduced its stake in Dominion Energy Inc. (NYSE:D) by 9.5% in the 3rd quarter, according to a recent SEC filing. The fund now owns 406,324 shares of the utilities provider's stock, valued at $24.855 million as of the filing.

Why it matters

Dominion Energy is a major utilities provider in the U.S., so changes in institutional ownership of its shares can signal broader market trends or investor sentiment around the company and the utilities sector.

The details

According to the filing, DNB Asset Management sold 42,588 shares of Dominion Energy during the third quarter. The fund now holds a $24.855 million position in the company, down from a previous stake valued at $27.4 million. Dominion Energy's shares have traded in a range of $48.07 to $67.57 over the past 52 weeks.

  • The filing covers the third quarter of 2026.
  • Dominion Energy will pay a quarterly dividend of $0.6675 on March 20, 2026.

The players

DNB Asset Management AS

A Norwegian asset management firm that reduced its stake in Dominion Energy during the third quarter of 2026.

Dominion Energy Inc.

A diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure.

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The takeaway

The reduction in DNB Asset Management's Dominion Energy holdings could signal broader investor caution around the utilities sector, though the stock remains within its 52-week trading range. Dominion Energy's upcoming dividend payment will be closely watched by income-oriented investors.