Dominion Energy Inc. $D Shares Bought by Swiss National Bank

Swiss National Bank raised its stake in shares of Dominion Energy Inc. (NYSE:D) by 8.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,579,920 shares of the utilities provider’s stock after buying an additional 210,800 shares during the period. Swiss National Bank’s holdings in Dominion Energy were worth $145,817,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SPC Financial Inc. lifted its holdings in Dominion Energy by 1.4% in the second quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock valued at $688,000 after acquiring an additional 172 shares during the period. Maridea Wealth Management LLC increased its holdings in shares of Dominion Energy by 2.1% during the 2nd quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock valued at $505,000 after purchasing an additional 183 shares in the last quarter. Quotient Wealth Partners LLC increased its holdings in Dominion Energy by 2.4% in the second quarter. Quotient Wealth Partners LLC now owns 7,795 shares of the utilities provider’s stock valued at $441,000 after buying an additional 184 shares in the last quarter. Empirical Finance LLC raised its position in shares of Dominion Energy by 0.6% in the second quarter. Empirical Finance LLC now owns 29,240 shares of the utilities provider’s stock worth $1,653,000 after acquiring an additional 186 shares during the period. Finally, Private Client Services LLC boosted its stake in shares of Dominion Energy by 3.1% during the 2nd quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider’s stock worth $352,000 after acquiring an additional 188 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of NYSE D opened at $61.46 on Friday. The stock has a market capitalization of $52.49 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 2.13 and a beta of 0.63. The firm has a 50-day simple moving average of $60.60 and a 200-day simple moving average of $58.70. 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.

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

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 20th. Stockholders of record on Friday, December 5th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.3%. Dominion Energy’s payout ratio is presently 90.82%.

Analysts Set New Price Targets

D has been the subject of several recent analyst reports. Barclays lifted 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 objective on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 21st. Wells Fargo & Company assumed coverage on Dominion Energy in a research report on Tuesday, October 28th. They set an “overweight” rating and a $67.00 target price on the stock. Evercore ISI assumed coverage on shares of Dominion Energy in a report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price target for the company. Finally, Morgan Stanley increased their price objective on shares of Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. 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 company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $64.22.

Insider Activity

In other news, CEO Robert M. Blue acquired 4,152 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was purchased at an average price of $60.35 per share, with a total value of $250,573.20. Following the completion of the acquisition, the chief executive officer owned 161,237 shares of the company’s stock, 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 at this link. Corporate insiders own 0.11% of the company’s stock.

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.