Dominion Energy Inc. $D Shares Purchased by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC increased its stake in shares of Dominion Energy Inc. (NYSE:D) by 2.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 7,795 shares of the utilities provider’s stock after purchasing an additional 184 shares during the period. Quotient Wealth Partners LLC’s holdings in Dominion Energy were worth $441,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of D. Wellington Management Group LLP lifted its position in Dominion Energy by 19.4% during the 1st quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock worth $994,917,000 after acquiring an additional 2,882,252 shares in the last quarter. Nuveen LLC acquired a new position in Dominion Energy during the 1st quarter worth approximately $96,723,000. AQR Capital Management LLC lifted its position in Dominion Energy by 588.9% during the 1st quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider’s stock worth $109,678,000 after acquiring an additional 1,687,819 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Dominion Energy by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock valued at $5,106,823,000 after purchasing an additional 1,565,459 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Dominion Energy by 12.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider’s stock valued at $790,092,000 after purchasing an additional 1,552,985 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on D shares. Morgan Stanley cut their target price on 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. Barclays upped their target price on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. JPMorgan Chase & Co. upped their target price on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Finally, Evercore ISI started coverage on Dominion Energy in a research report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 target price on the stock. One 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.00.

Dominion Energy Stock Performance

D stock opened at $60.58 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The firm has a market cap of $51.70 billion, a P/E ratio of 20.89, a P/E/G ratio of 1.31 and a beta of 0.62. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.52. The stock’s 50 day simple moving average is $60.44 and its 200 day simple moving average is $57.41.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) 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 analyst estimates of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, equities research analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Robert M. Blue acquired 4,152 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was purchased at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the purchase, the chief executive officer directly owned 161,237 shares in the company, valued at $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by insiders.

Dominion Energy Profile

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.