Metis Global Partners LLC Increases Stock Position in Dominion Energy Inc. $D

Metis Global Partners LLC boosted its position in shares of Dominion Energy Inc. (NYSE:D) by 8.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 89,840 shares of the utilities provider’s stock after acquiring an additional 7,272 shares during the period. Metis Global Partners LLC’s holdings in Dominion Energy were worth $5,078,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marco Investment Management LLC grew its position in shares of Dominion Energy by 5.4% during the 2nd quarter. Marco Investment Management LLC now owns 14,634 shares of the utilities provider’s stock valued at $827,000 after acquiring an additional 745 shares during the period. Harvest Portfolios Group Inc. boosted its position in Dominion Energy by 19.0% during the second quarter. Harvest Portfolios Group Inc. now owns 134,042 shares of the utilities provider’s stock worth $7,576,000 after purchasing an additional 21,373 shares in the last quarter. First Eagle Investment Management LLC boosted its position in Dominion Energy by 16.4% during the second quarter. First Eagle Investment Management LLC now owns 4,586 shares of the utilities provider’s stock worth $259,000 after purchasing an additional 646 shares in the last quarter. Bryn Mawr Trust Advisors LLC grew its holdings in Dominion Energy by 19.0% in the second quarter. Bryn Mawr Trust Advisors LLC now owns 104,710 shares of the utilities provider’s stock valued at $5,918,000 after purchasing an additional 16,731 shares during the period. Finally, Savant Capital LLC increased its position in shares of Dominion Energy by 17.7% in the second quarter. Savant Capital LLC now owns 52,456 shares of the utilities provider’s stock valued at $2,965,000 after buying an additional 7,891 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Insiders Place Their Bets

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 bought at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the acquisition, the chief executive officer directly 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

Dominion Energy Stock Performance

D opened at $61.59 on Friday. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.52. The firm has a market capitalization of $52.60 billion, a PE ratio of 21.24, a PEG ratio of 2.13 and a beta of 0.63. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The firm’s 50-day moving average price is $60.21 and its 200 day moving average price is $58.24.

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

Dominion Energy Announces Dividend

The business 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 dividend of $0.6675 per share. The ex-dividend date is Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.3%. Dominion Energy’s dividend payout ratio (DPR) is presently 90.82%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on D shares. BTIG Research started coverage on shares of Dominion Energy in a research note on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Morgan Stanley boosted their target price on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. BMO Capital Markets reduced their price target on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price objective on Dominion Energy from $56.00 to $59.00 and gave the stock 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 given a Sell rating to the company. Based on data from MarketBeat, Dominion Energy 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.