Dominion Energy Inc. $D Shares Acquired by SPC Financial Inc.

SPC Financial Inc. lifted its stake in shares of Dominion Energy Inc. (NYSE:D) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,179 shares of the utilities provider’s stock after acquiring an additional 172 shares during the quarter. SPC Financial Inc.’s holdings in Dominion Energy were worth $688,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in D. Wellington Management Group LLP increased its stake in shares of Dominion Energy by 19.4% during the first quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock valued at $994,917,000 after acquiring an additional 2,882,252 shares during the period. Nuveen LLC acquired a new position in Dominion Energy in the first quarter worth approximately $96,723,000. AQR Capital Management LLC grew its position in Dominion Energy by 588.9% in the first quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider’s stock worth $109,678,000 after buying an additional 1,687,819 shares during the last quarter. Vanguard Group Inc. grew its position in Dominion Energy by 1.7% in the first quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock worth $5,106,823,000 after buying an additional 1,565,459 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Dominion Energy by 12.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider’s stock worth $790,092,000 after buying an additional 1,552,985 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Evercore ISI assumed coverage on shares of Dominion Energy in a research report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price target on the stock. Barclays lifted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research report on Thursday, August 21st. Morgan Stanley decreased their price target on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $62.00.

Insider Activity

In related news, CEO Robert M. Blue bought 4,152 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was bought at an average price of $60.35 per share, with a total value of $250,573.20. Following the purchase, the chief executive officer directly owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. This represents a 2.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by company insiders.

Dominion Energy Trading Up 1.1%

NYSE D opened at $60.92 on Monday. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.46. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. The stock has a market cap of $51.99 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 1.32 and a beta of 0.62. The firm’s 50 day moving average price is $60.46 and its two-hundred day moving average price is $57.23.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.02). The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Equities analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. Dominion Energy’s dividend payout ratio (DPR) is 92.07%.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.