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

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Dominion Energy Inc. (NYSE:D) by 8.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,626,030 shares of the utilities provider’s stock after purchasing an additional 126,929 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.19% of Dominion Energy worth $91,903,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Dominion Energy by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock worth $5,106,823,000 after buying an additional 1,565,459 shares during the last quarter. Dodge & Cox raised its holdings in Dominion Energy by 3.0% during the first quarter. Dodge & Cox now owns 23,308,378 shares of the utilities provider’s stock worth $1,306,901,000 after acquiring an additional 685,245 shares in the last quarter. Wellington Management Group LLP boosted its position in Dominion Energy by 19.4% during the first quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock valued at $994,917,000 after purchasing an additional 2,882,252 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Dominion Energy by 12.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider’s stock valued at $790,092,000 after purchasing an additional 1,552,985 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in shares of Dominion Energy by 7.0% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 10,647,700 shares of the utilities provider’s stock worth $597,017,000 after purchasing an additional 695,627 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

D has been the subject of several recent analyst reports. Wells Fargo & Company started coverage on Dominion Energy in a report on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. BMO Capital Markets decreased their price objective 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. Barclays upped their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $70.00 price target on shares of Dominion Energy in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average price target of $64.22.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue acquired 4,152 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were purchased at an average cost of $60.35 per share, with a total value 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 position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.11% of the stock is owned by company insiders.

Dominion Energy Stock Performance

NYSE D opened at $61.59 on Monday. The stock has a market cap of $52.60 billion, a PE ratio of 21.24, a P/E/G ratio of 2.13 and a beta of 0.63. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. The firm has a 50-day moving average of $60.21 and a 200-day moving average of $58.27. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.52.

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

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 20th. Investors of record on Friday, December 5th will be issued 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 (DPR) is presently 90.82%.

Dominion Energy Company 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.