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Assetmark says, “More Dominion, please”
Assetmark Inc. ramped up its stake in Dominion Energy by 145.7% in the fourth quarter, buying 85,986 shares and ending up with 145,001 shares worth about $8.5 million. That’s not exactly pocket change — it’s the kind of move that says a fund manager looked at the utility and decided it deserved a bigger seat at the table.
The boring stock with a surprisingly busy quarter
Dominion also had a decent earnings print lurking in the background. The company posted adjusted EPS of $0.68, edging past the $0.67 estimate, while revenue came in at $4.09 billion, up 20.4% year over year and above the $3.65 billion analysts were expecting.
Guidance: the part investors actually care about
The real kicker for shareholders was guidance. Dominion set FY2026 EPS guidance at $3.45 to $3.69, which is a touch above the roughly $3.39 analysts were modeling. For a utility, that’s basically the market version of a thumbs-up and a fresh cup of coffee.
Big picture: when a fund adds aggressively and management nudges guidance higher, investors tend to stop doomscrolling and start paying attention.