Dominion Energy Inc. $D Shares Bought by Ethic Inc.

Ethic Inc. raised its stake in Dominion Energy Inc. (NYSE:D) by 34.2% during the first quarter, Holdings Channel.com reports. The firm owned 12,326 shares of the utilities provider’s stock after purchasing an additional 3,142 shares during the quarter. Ethic Inc.’s holdings in Dominion Energy were worth $693,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its position in Dominion Energy by 450.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 378 shares in the last quarter. Orion Capital Management LLC acquired a new stake in Dominion Energy in the 4th quarter valued at about $27,000. VSM Wealth Advisory LLC acquired a new stake in Dominion Energy in the 1st quarter valued at about $28,000. Park Square Financial Group LLC acquired a new stake in shares of Dominion Energy during the 4th quarter worth about $27,000. Finally, Dagco Inc. acquired a new stake in shares of Dominion Energy during the 1st quarter worth about $31,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Dominion Energy from $53.00 to $56.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 15th. Morgan Stanley cut their target price on Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 18th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $59.14.

Dominion Energy Price Performance

Shares of NYSE D opened at $61.4990 on Thursday. The firm has a market capitalization of $52.49 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.33 and a beta of 0.57. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.46. The stock’s 50-day simple moving average is $58.04 and its 200-day simple moving average is $55.96. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67.

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

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 annualized dividend and a yield of 4.3%. Dominion Energy’s payout ratio 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.