Ascent Group LLC Purchases 1,364 Shares of Dominion Energy Inc. $D

Ascent Group LLC increased its position in Dominion Energy Inc. (NYSE:D) by 4.0% in the 2nd quarter, Holdings Channel reports. The firm owned 35,284 shares of the utilities provider’s stock after buying an additional 1,364 shares during the quarter. Ascent Group LLC’s holdings in Dominion Energy were worth $1,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of D. Wellington Management Group LLP lifted its position in Dominion Energy by 19.4% in the first quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock worth $994,917,000 after purchasing an additional 2,882,252 shares during the period. Nuveen LLC bought a new position in Dominion Energy in the first quarter worth $96,723,000. AQR Capital Management LLC lifted its holdings in shares of Dominion Energy by 588.9% during the first quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider’s stock valued at $109,678,000 after acquiring an additional 1,687,819 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Dominion Energy by 1.7% during the first quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock valued at $5,106,823,000 after acquiring an additional 1,565,459 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Dominion Energy by 12.4% during 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 acquiring an additional 1,552,985 shares during the period. 73.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Morgan Stanley cut their price objective on Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and an average price target of $60.33.

Insider Activity

In related news, CEO Robert M. Blue bought 4,152 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 161,237 shares of the company’s stock, valued at $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.

Dominion Energy Stock Performance

Shares of NYSE:D opened at $61.57 on Friday. The business has a fifty day moving average of $60.25 and a 200-day moving average of $56.98. 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 market cap of $52.55 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 1.34 and a beta of 0.62. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.46.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.Dominion Energy’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, equities research analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Stockholders of record on Friday, September 5th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, September 5th. Dominion Energy’s payout ratio is presently 92.07%.

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.