Mitsubishi UFJ Asset Management Co. Ltd. Buys 126,929 Shares of Dominion Energy Inc. $D

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Dominion Energy Inc. (NYSE:D) by 8.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,626,030 shares of the utilities provider’s stock after acquiring an additional 126,929 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Dominion Energy were worth $91,903,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. AlphaQuest LLC bought a new position in shares of Dominion Energy in the first quarter worth $27,000. Westside Investment Management Inc. grew its stake in Dominion Energy by 123.3% during the second quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock worth $27,000 after buying an additional 259 shares in the last quarter. VSM Wealth Advisory LLC bought a new position in Dominion Energy in the 1st quarter valued at about $28,000. Dagco Inc. acquired a new position in shares of Dominion Energy in the 1st quarter valued at approximately $31,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in shares of Dominion Energy during the 1st quarter worth approximately $34,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Trading Up 1.8%

Shares of D stock opened at $61.59 on Monday. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.52. The stock’s fifty day simple moving average is $60.21 and its 200 day simple moving average is $58.27. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The firm has a market capitalization 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 (NYSE:D) last posted its earnings results on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, beating the consensus estimate of $1.02 by $0.04. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.71 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, sell-side analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

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

Insiders Place Their Bets

In other Dominion Energy news, CEO Robert M. Blue purchased 4,152 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer owned 161,237 shares in the company, valued at $9,730,652.95. The trade was a 2.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.11% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on D shares. BMO Capital Markets decreased their price objective on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Barclays lifted their price target on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Evercore ISI assumed coverage on Dominion Energy in a research report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price objective for the company. BTIG Research started coverage on Dominion Energy in a research note on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $64.22.

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.