Aviva PLC Buys 728,080 Shares of Dominion Energy Inc. $D

Aviva PLC boosted its position in shares of Dominion Energy Inc. (NYSE:D) by 124.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,314,778 shares of the utilities provider’s stock after buying an additional 728,080 shares during the quarter. Aviva PLC owned 0.15% of Dominion Energy worth $74,311,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in D. Patton Fund Management Inc. acquired a new position in Dominion Energy during the 2nd quarter valued at about $235,000. Bryn Mawr Trust Advisors LLC lifted its stake in Dominion Energy by 19.0% during the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 104,710 shares of the utilities provider’s stock valued at $5,918,000 after acquiring an additional 16,731 shares during the period. Central Pacific Bank Trust Division lifted its holdings in shares of Dominion Energy by 28.3% in the 2nd quarter. Central Pacific Bank Trust Division now owns 56,491 shares of the utilities provider’s stock valued at $3,193,000 after buying an additional 12,453 shares during the period. Nordea Investment Management AB lifted its stake in shares of Dominion Energy by 4.5% in the 2nd quarter. Nordea Investment Management AB now owns 74,673 shares of the utilities provider’s stock valued at $4,185,000 after purchasing an additional 3,244 shares during the period. Finally, AlphaQuest LLC purchased a new position in Dominion Energy during the first quarter worth approximately $27,000. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

D has been the subject of a number of research reports. BMO Capital Markets cut their target price on shares of 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. BTIG Research assumed coverage on shares of Dominion Energy in a research note on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Evercore ISI started coverage on shares of Dominion Energy in a research report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price target on the stock. Morgan Stanley increased their price objective on Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. upped their price target on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $64.22.

Dominion Energy Trading Up 1.8%

D opened at $61.59 on Friday. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.52. 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 business has a fifty day simple moving average of $60.21 and a 200-day simple moving average of $58.24. 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 (NYSE:D) last posted its earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the prior year, the company earned $0.98 EPS. Dominion Energy’s revenue was up 14.9% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. On average, equities analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

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 paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, December 5th. Dominion Energy’s dividend payout ratio is presently 90.82%.

Insider Transactions at Dominion Energy

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 bought at an average price of $60.35 per share, with a total value of $250,573.20. Following the transaction, the chief executive officer directly owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. This represents a 2.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by company insiders.

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.