Future Fund LLC Purchases 1,495 Shares of Dominion Energy Inc. $D

Future Fund LLC raised its position in Dominion Energy Inc. (NYSE:D) by 10.2% during the second quarter, Holdings Channel reports. The fund owned 16,102 shares of the utilities provider’s stock after acquiring an additional 1,495 shares during the period. Future Fund LLC’s holdings in Dominion Energy were worth $910,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of D. Midwest Trust Co bought a new position in shares of Dominion Energy in the 2nd quarter worth approximately $2,385,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Dominion Energy in the second quarter worth approximately $4,606,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Dominion Energy by 8.5% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,626,030 shares of the utilities provider’s stock worth $91,903,000 after acquiring an additional 126,929 shares during the last quarter. Aviva PLC grew its position in shares of Dominion Energy by 124.1% during the 2nd quarter. Aviva PLC now owns 1,314,778 shares of the utilities provider’s stock valued at $74,311,000 after acquiring an additional 728,080 shares during the period. Finally, AE Wealth Management LLC increased its stake in shares of Dominion Energy by 8.2% in the 2nd quarter. AE Wealth Management LLC now owns 375,529 shares of the utilities provider’s stock worth $21,225,000 after purchasing an additional 28,410 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dominion Energy news, CEO Robert M. Blue purchased 4,152 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were bought at an average price of $60.35 per share, with a total value of $250,573.20. Following the completion of the purchase, the chief executive officer directly owned 161,237 shares in the company, valued at $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. BMO Capital Markets lowered their target price on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research report on Monday, November 3rd. Barclays lifted their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $70.00 price target on shares of Dominion Energy in a report on Tuesday, October 28th. Finally, Wells Fargo & Company assumed coverage on shares of Dominion Energy in a research report on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $64.22.

Dominion Energy Trading Up 1.8%

Shares of Dominion Energy stock 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 company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The business has a 50-day moving average price of $60.21 and a 200-day moving average price of $58.24. The firm has a market cap of $52.60 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 2.13 and a beta of 0.63.

Dominion Energy (NYSE:D) last announced its quarterly earnings results 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 analyst estimates of $4.71 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Equities research analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Investors of record on Friday, December 5th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.3%. Dominion Energy’s dividend payout ratio (DPR) is 90.82%.

Dominion Energy 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.