Aberdeen Group plc Acquires 37,037 Shares of Dominion Energy Inc. $D

Key Points

• Aberdeen Group plc has increased its holdings in Dominion Energy Inc. by 9.0%, acquiring an additional 37,037 shares during the second quarter, bringing its total ownership to approximately $25.2 million.
• The stock of Dominion Energy recently experienced a 0.6% increase, trading at around $61.34, with analysts anticipating a 3.39 EPS for the current year.
• Dominion Energy declared a quarterly dividend of $0.6675 per share, with an annualized return of 4.4% and a payout ratio of 92.07%.

Aberdeen Group plc increased its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 9.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 446,520 shares of the utilities provider's stock after purchasing an additional 37,037 shares during the period. Aberdeen Group plc owned approximately 0.05% of Dominion Energy worth $25,237,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Blue Trust Inc. boosted its holdings in Dominion Energy by 14.8% in the second quarter. Blue Trust Inc. now owns 22,057 shares of the utilities provider's stock worth $1,247,000 after purchasing an additional 2,838 shares in the last quarter. Financial Security Advisor Inc. boosted its holdings in Dominion Energy by 3.6% in the second quarter. Financial Security Advisor Inc. now owns 36,610 shares of the utilities provider's stock worth $2,069,000 after purchasing an additional 1,270 shares in the last quarter. Callan Family Office LLC bought a new stake in Dominion Energy in the second quarter worth $755,000. Blair William & Co. IL boosted its holdings in Dominion Energy by 5.7% in the second quarter. Blair William & Co. IL now owns 34,813 shares of the utilities provider's stock worth $1,968,000 after purchasing an additional 1,888 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV boosted its holdings in Dominion Energy by 100.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 15,918 shares of the utilities provider's stock worth $900,000 after purchasing an additional 7,959 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Insider Activity at Dominion Energy

In related news, CEO Robert M. Blue acquired 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, with a total value of $250,573.20. Following the completion of the transaction, the chief executive officer owned 161,237 shares of the company's stock, valued at approximately $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.11% of the company's stock.

Dominion Energy Stock Up 0.6%

Shares of D opened at $61.34 on Tuesday. The company has a 50-day simple moving average of $60.46 and a 200-day simple moving average of $57.28. The firm has a market capitalization of $52.35 billion, a P/E ratio of 21.15, a P/E/G ratio of 1.32 and a beta of 0.62. 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 52 week low of $48.07 and a 52 week high of $62.46.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). The company had revenue of $3.81 billion for 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 quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, equities research analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Stockholders of record on Friday, September 5th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend 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 is currently 92.07%.

Analyst Upgrades and Downgrades

D has been the subject of a number of recent research reports. 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 report on Thursday, August 21st. Morgan Stanley decreased their price target on shares of Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. Weiss Ratings restated a "hold (c+)" rating on shares of Dominion Energy in a report on Wednesday, October 8th. Evercore ISI started coverage on shares of Dominion Energy in a report on Tuesday, October 7th. They set an "in-line" rating and a $67.00 price target for the company. Finally, Barclays upped their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an "overweight" rating in a report on Tuesday, October 7th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $62.00.

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.

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