3,963 Shares in Dominion Energy Inc. $D Purchased by Morningstar Investment Management LLC

Morningstar Investment Management LLC bought a new position in Dominion Energy Inc. (NYSE:D) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 3,963 shares of the utilities provider’s stock, valued at approximately $224,000.

Other large investors have also recently modified their holdings of the company. AlphaQuest LLC purchased a new position in shares of Dominion Energy in the first quarter worth about $27,000. VSM Wealth Advisory LLC purchased a new position in shares of Dominion Energy in the first quarter worth about $28,000. Dagco Inc. purchased a new position in shares of Dominion Energy in the first quarter worth about $31,000. N.E.W. Advisory Services LLC purchased a new position in shares of Dominion Energy in the first quarter worth about $34,000. Finally, ANTIPODES PARTNERS Ltd purchased a new position in shares of Dominion Energy in the first quarter worth about $34,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Insider Transactions at Dominion Energy

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

Analysts Set New Price Targets

Several research firms have recently weighed in on D. Barclays lifted their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 21st. Morgan Stanley cut their price objective on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Finally, Evercore ISI began coverage on shares of Dominion Energy in a research report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price objective for the company. One analyst has rated the stock with a Buy rating, seven have given 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 an average target price of $62.00.

Dominion Energy Price Performance

D stock opened at $61.55 on Wednesday. The firm has a 50 day moving average of $60.47 and a 200-day moving average of $57.31. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.46. The firm has a market capitalization of $52.53 billion, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 1.33 and a beta of 0.62.

Dominion Energy (NYSE:D) last announced its 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). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, sell-side analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

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