181,917 Shares in Dominion Energy Inc. $D Bought by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. has purchased 181,917 shares of Dominion Energy Inc. valued at approximately $10.2 million, signifying a new investment in the utilities sector.
• CEO Robert M. Blue increased his holdings by buying 4,152 shares for about $250,573, raising his total ownership to 161,237 shares, valued at approximately $9.73 million.
• Dominion Energy has announced a quarterly dividend of $0.6675 per share, with a yield of 4.5%, reflecting a strong commitment to returning value to shareholders.

Graham Capital Management L.P. bought a new position in Dominion Energy Inc. (NYSE:D - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 181,917 shares of the utilities provider's stock, valued at approximately $10,200,000.

A number of other large investors also recently added to or reduced their stakes in D. Wellington Management Group LLP increased its holdings in Dominion Energy by 19.4% during 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 purchasing an additional 2,882,252 shares during the period. Nuveen LLC purchased a new stake in Dominion Energy during the first quarter valued at approximately $96,723,000. Vanguard Group Inc. increased its stake in shares of Dominion Energy by 1.7% in the first quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider's stock worth $5,106,823,000 after purchasing an additional 1,565,459 shares in the last quarter. Price T Rowe Associates Inc. MD grew 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 valued at $790,092,000 after acquiring an additional 1,552,985 shares in the last quarter. Finally, Zimmer Partners LP bought a new position in Dominion Energy during the fourth quarter valued at $72,269,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue acquired 4,152 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were bought at an average cost of $60.35 per share, with a total value of $250,573.20. Following the purchase, the chief executive officer owned 161,237 shares of the company's stock, valued at $9,730,652.95. This represents a 2.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.11% of the company's stock.

Dominion Energy Trading Up 0.1%

NYSE D opened at $59.89 on Friday. The firm has a 50 day simple moving average of $58.86 and a 200-day simple moving average of $56.23. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.46. The firm has a market cap of $51.11 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.30 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.02). The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm's revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Equities research analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a research report 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $59.57.

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.

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