AustralianSuper Pty Ltd Increases Position in Dominion Energy Inc. $D

AustralianSuper Pty Ltd increased its holdings in Dominion Energy Inc. (NYSE:D) by 19.6% in the second quarter, HoldingsChannel.com reports. The firm owned 27,526 shares of the utilities provider’s stock after buying an additional 4,509 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Dominion Energy were worth $1,556,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of D. AlphaQuest LLC acquired a new position in shares of Dominion Energy during the 1st quarter worth approximately $27,000. VSM Wealth Advisory LLC purchased a new stake in Dominion Energy in the 1st quarter worth $28,000. Dagco Inc. acquired a new position in Dominion Energy during the first quarter worth $31,000. ANTIPODES PARTNERS Ltd purchased a new position in Dominion Energy during the first quarter valued at $34,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Dominion Energy in the first quarter valued at about $34,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

D has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Barclays boosted their price objective on Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Evercore ISI initiated 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their price objective on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $62.43.

Insiders Place Their Bets

In other news, CEO Robert M. Blue purchased 4,152 shares of the company’s stock in a transaction dated Wednesday, August 27th. The stock was acquired 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 in the company, valued at approximately $9,730,652.95. This represents a 2.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.11% of the stock is owned by insiders.

Dominion Energy Price Performance

D stock opened at $60.80 on Tuesday. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.52. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The firm has a market capitalization of $51.88 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 2.21 and a beta of 0.62. The business has a 50 day simple moving average of $60.40 and a 200-day simple moving average of $57.82.

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

Dominion Energy Dividend Announcement

The company 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 yield of 4.4%. Dominion Energy’s payout ratio is 92.07%.

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.