Ransom Advisory Ltd Makes New Investment in Dominion Energy Inc. $D

Ransom Advisory Ltd bought a new position in Dominion Energy Inc. (NYSE:D) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,000 shares of the utilities provider’s stock, valued at approximately $112,000.

Several other hedge funds also recently bought and sold shares of the company. Glenview Trust co increased its position in Dominion Energy by 12.5% in the 1st quarter. Glenview Trust co now owns 11,257 shares of the utilities provider’s stock worth $631,000 after purchasing an additional 1,251 shares during the last quarter. SCS Capital Management LLC acquired a new position in shares of Dominion Energy during the 1st quarter valued at about $642,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Dominion Energy by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,934,963 shares of the utilities provider’s stock valued at $276,703,000 after acquiring an additional 228,738 shares during the last quarter. Woodline Partners LP increased its holdings in shares of Dominion Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock valued at $3,979,000 after acquiring an additional 20,522 shares during the last quarter. Finally, Zimmer Partners LP increased its holdings in shares of Dominion Energy by 28.8% during the 1st quarter. Zimmer Partners LP now owns 1,728,500 shares of the utilities provider’s stock valued at $96,917,000 after acquiring an additional 386,710 shares during 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 $59.49 on Thursday. The business has a 50 day moving average price of $59.28 and a 200 day moving average price of $56.38. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.46. The company has a market cap of $50.77 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 1.28 and a beta of 0.60. 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 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). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the business posted $0.65 EPS. Dominion Energy’s revenue was up 9.3% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Research analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be given a $0.6675 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.5%. Dominion Energy’s dividend payout ratio (DPR) is currently 92.07%.

Insider Activity at Dominion Energy

In other news, CEO Robert M. Blue acquired 4,152 shares of Dominion Energy stock in a transaction on Wednesday, August 27th. The stock was bought at an average price 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. The trade was a 2.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Morgan Stanley lowered their price objective on Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 18th. JPMorgan Chase & Co. increased their target price on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average price target of $59.57.

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.