Catalyst Capital Advisors LLC Increases Stake in Dominion Energy Inc. $D

Catalyst Capital Advisors LLC grew its stake in Dominion Energy Inc. (NYSE:D) by 43.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,267 shares of the utilities provider’s stock after buying an additional 687 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Dominion Energy were worth $128,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of 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 buying an additional 1,565,459 shares during the period. Dodge & Cox boosted its stake in shares of Dominion Energy by 3.0% in the 1st quarter. Dodge & Cox now owns 23,308,378 shares of the utilities provider’s stock valued at $1,306,901,000 after buying an additional 685,245 shares during the period. Wellington Management Group LLP boosted its stake in shares of Dominion Energy by 19.4% in the 1st quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock valued at $994,917,000 after buying an additional 2,882,252 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Dominion Energy by 6.3% in the 1st quarter. Bank of New York Mellon Corp now owns 15,878,683 shares of the utilities provider’s stock valued at $890,318,000 after buying an additional 939,835 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in 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 worth $790,092,000 after purchasing an additional 1,552,985 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Insider Activity at Dominion Energy

In related news, CEO Robert M. Blue purchased 4,152 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was acquired at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the purchase, the chief executive officer directly owned 161,237 shares of the company’s stock, valued at $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is owned by company insiders.

Dominion Energy Price Performance

Shares of NYSE D opened at $61.05 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.52. The stock has a 50 day moving average of $60.40 and a two-hundred day moving average of $57.73. The stock has a market cap of $52.10 billion, a P/E ratio of 21.05, a P/E/G ratio of 2.21 and a beta of 0.62.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the prior year, the firm posted $0.65 EPS. Dominion Energy’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. On average, research analysts forecast 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 was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were paid a $0.6675 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy’s payout ratio is currently 92.07%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on D shares. Morgan Stanley upped their price target on Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a report on Friday. JPMorgan Chase & Co. upped their price target on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a report on Thursday, August 21st. BTIG Research started coverage on Dominion Energy in a report on Wednesday. They issued a “neutral” rating for the company. Finally, Evercore ISI started coverage on Dominion Energy in a report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price target for the company. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $62.43.

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.