Sage Mountain Advisors LLC Invests $288,000 in Dominion Energy Inc. $D

Sage Mountain Advisors LLC acquired a new position in Dominion Energy Inc. (NYSE:D) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,100 shares of the utilities provider’s stock, valued at approximately $288,000.

A number of other institutional investors have also made changes to their positions in the business. Wellington Management Group LLP increased 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. Nuveen LLC acquired a new stake in shares of Dominion Energy in the 1st quarter valued at $96,723,000. AQR Capital Management LLC increased its stake 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 valued at $109,678,000 after buying an additional 1,687,819 shares during the period. Vanguard Group Inc. increased 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. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Dominion Energy by 12.4% in 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 buying an additional 1,552,985 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Robert M. Blue purchased 4,152 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were purchased at an average price of $60.35 per share, with a total value of $250,573.20. Following 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

D has been the topic of a number of analyst reports. Morgan Stanley increased their price target on Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. Barclays increased their price target on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. BTIG Research initiated coverage on Dominion Energy in a research note on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Evercore ISI initiated coverage on Dominion Energy in a research note on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price target 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 research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $62.43.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $61.05 on Monday. The company has a market capitalization of $52.10 billion, a PE ratio of 21.05, a PEG ratio of 2.21 and a beta of 0.62. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.52. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The stock’s fifty day simple moving average is $60.40 and its 200 day simple moving average is $57.76.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, research analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were paid a dividend of $0.6675 per share. 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%.

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.