USA Financial Formulas Buys Shares of 1,608 Dominion Energy Inc. $D

USA Financial Formulas purchased a new position in shares of Dominion Energy Inc. (NYSE:D) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,608 shares of the utilities provider’s stock, valued at approximately $91,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP increased 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 buying an additional 2,882,252 shares during the period. Nuveen LLC bought a new position in shares of Dominion Energy during the first quarter worth about $96,723,000. AQR Capital Management LLC increased its holdings in shares of Dominion Energy by 588.9% in the 1st quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider’s stock worth $109,678,000 after acquiring an additional 1,687,819 shares during the period. Vanguard Group Inc. lifted its position in Dominion Energy by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock valued at $5,106,823,000 after purchasing an additional 1,565,459 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Dominion Energy by 12.4% during the 1st 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 purchasing an additional 1,552,985 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Robert M. Blue acquired 4,152 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were purchased at an average price 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.11% of the company’s stock.

Dominion Energy Stock Up 0.2%

D stock opened at $61.03 on Friday. The firm has a market cap of $52.08 billion, a PE ratio of 21.04, a P/E/G ratio of 1.32 and a beta of 0.62. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.46. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The firm has a 50 day simple moving average of $60.20 and a 200 day simple moving average of $56.92.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the firm posted $0.65 EPS. The company’s quarterly 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. Equities research analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on D shares. Morgan Stanley dropped their price target on shares of 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. JPMorgan Chase & Co. increased their price objective on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Dominion Energy has an average rating of “Hold” and an average target price of $60.33.

Dominion Energy Company 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.