QRG Capital Management Inc. Purchases 2,277 Shares of Dominion Energy Inc. $D

QRG Capital Management Inc. grew its stake in shares of Dominion Energy Inc. (NYSE:D) by 25.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,248 shares of the utilities provider’s stock after buying an additional 2,277 shares during the quarter. QRG Capital Management Inc.’s holdings in Dominion Energy were worth $636,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after buying an additional 3,553 shares during the period. Park Avenue Securities LLC lifted its holdings in Dominion Energy by 8.7% in the first quarter. Park Avenue Securities LLC now owns 25,621 shares of the utilities provider’s stock valued at $1,437,000 after buying an additional 2,056 shares during the period. First Citizens Bank & Trust Co. acquired a new position in Dominion Energy in the first quarter valued at $224,000. Farther Finance Advisors LLC lifted its holdings in Dominion Energy by 114.8% in the first quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider’s stock valued at $680,000 after buying an additional 6,462 shares during the period. Finally, Pallas Capital Advisors LLC acquired a new position in Dominion Energy in the first quarter valued at $650,000. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on D shares. Barclays boosted their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday. Evercore ISI began coverage on shares of Dominion Energy in a report on Tuesday. They set an “in-line” rating and a $67.00 price objective on the stock. Morgan Stanley dropped their price objective on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus price target of $62.00.

Insider Buying and Selling

In other news, CEO Robert M. Blue purchased 4,152 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was purchased at an average cost of $60.35 per share, with a total value of $250,573.20. Following the acquisition, the chief executive officer directly owned 161,237 shares in the company, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is currently owned by insiders.

Dominion Energy Trading Down 0.6%

NYSE:D opened at $60.19 on Friday. 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 $51.37 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.46. The firm has a 50-day moving average price of $60.45 and a two-hundred day moving average price of $57.13.

Dominion Energy (NYSE:D) last issued 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 company had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the previous year, the business earned $0.65 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, equities analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

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

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.