Callan Family Office LLC Buys Shares of 13,366 Dominion Energy Inc. $D

Callan Family Office LLC bought a new stake in shares of Dominion Energy Inc. (NYSE:D) during the 2nd quarter, Holdings Channel.com reports. The fund bought 13,366 shares of the utilities provider’s stock, valued at approximately $755,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaQuest LLC acquired a new stake in shares of Dominion Energy in the 1st quarter worth $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Dominion Energy in the 1st quarter worth $28,000. Dagco Inc. acquired a new stake in shares of Dominion Energy in the 1st quarter worth $31,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Dominion Energy in the 1st quarter worth $34,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Dominion Energy in the 1st quarter worth $34,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

NYSE D opened at $61.34 on Tuesday. The stock has a 50-day simple moving average of $60.46 and a two-hundred day simple moving average of $57.28. The firm has a market capitalization of $52.35 billion, a P/E ratio of 21.15, a PEG ratio of 1.32 and a beta of 0.62. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.46. 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 announced its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share 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 business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. Dominion Energy’s revenue for the quarter was up 9.3% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, equities analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Friday, September 5th. Dominion Energy’s payout ratio is currently 92.07%.

Insider Buying and Selling at Dominion Energy

In other news, CEO Robert M. Blue acquired 4,152 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were 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 owned 161,237 shares in the company, valued at approximately $9,730,652.95. This represents a 2.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on D shares. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. Barclays boosted their price target on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. JPMorgan Chase & Co. boosted 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. Morgan Stanley dropped their price target on Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Finally, Evercore ISI assumed coverage on Dominion Energy in a research note on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $62.00.

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.