Aviva PLC Grows Position in Dominion Energy Inc. $D

Aviva PLC boosted its position in Dominion Energy Inc. (NYSE:D) by 124.1% during the 2nd quarter, Holdings Channel reports. The fund owned 1,314,778 shares of the utilities provider’s stock after acquiring an additional 728,080 shares during the quarter. Aviva PLC’s holdings in Dominion Energy were worth $74,311,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in D. Brighton Jones LLC increased its holdings in shares of Dominion Energy by 64.3% in the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after acquiring an additional 3,553 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of Dominion Energy by 12.8% in the 1st quarter. Rehmann Capital Advisory Group now owns 5,719 shares of the utilities provider’s stock valued at $321,000 after buying an additional 649 shares in the last quarter. Allworth Financial LP grew its position in shares of Dominion Energy by 1.5% in the 1st quarter. Allworth Financial LP now owns 21,538 shares of the utilities provider’s stock valued at $1,149,000 after buying an additional 309 shares during the last quarter. Fidelis Capital Partners LLC raised its stake in Dominion Energy by 5.7% during the 1st quarter. Fidelis Capital Partners LLC now owns 9,658 shares of the utilities provider’s stock worth $511,000 after acquiring an additional 519 shares in the last quarter. Finally, Xponance Inc. lifted its position in Dominion Energy by 1.9% in the first quarter. Xponance Inc. now owns 121,667 shares of the utilities provider’s stock valued at $6,822,000 after acquiring an additional 2,256 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. raised their price objective on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a report on Thursday, August 21st. BTIG Research began coverage on Dominion Energy in a research report on Wednesday, October 22nd. They issued a “neutral” rating for the company. Royal Bank Of Canada restated a “sector perform” rating and set a $70.00 price target on shares of Dominion Energy in a research note on Tuesday, October 28th. BMO Capital Markets reduced their price objective on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. Finally, Evercore ISI began coverage on Dominion Energy in a report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price objective for the company. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $64.22.

Dominion Energy Stock Performance

NYSE D opened at $61.59 on Friday. The firm has a market cap of $52.60 billion, a P/E ratio of 21.24, a P/E/G ratio of 2.13 and a beta of 0.63. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.52. The business’s 50-day moving average price is $60.21 and its 200 day moving average price is $58.24. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, beating the consensus estimate of $1.02 by $0.04. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same period in the prior year, the business earned $0.98 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. On average, equities research analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 20th. Investors of record on Friday, December 5th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, December 5th. Dominion Energy’s dividend payout ratio (DPR) is 90.82%.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue acquired 4,152 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was bought at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the transaction, the chief executive officer 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 document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.11% of the company’s stock.

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.