American Century Companies Inc. Buys 32,626 Shares of Dominion Energy Inc. $D

Key Points

• American Century Companies Inc. increased its stake in Dominion Energy Inc. by 0.9%, acquiring an additional 32,626 shares to total approximately 3.8 million shares valued at $212.87 million.
• Dominion Energy reported Q2 earnings of $0.75 per share, missing expectations, but achieved revenue of $3.81 billion, exceeding projections of $3.73 billion.
• The company announced a quarterly dividend of $0.6675, which reflects a 4.4% dividend yield and a payout ratio of 92.07%.

American Century Companies Inc. increased its position in Dominion Energy Inc. (NYSE:D - Free Report) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,796,524 shares of the utilities provider's stock after purchasing an additional 32,626 shares during the quarter. American Century Companies Inc. owned approximately 0.45% of Dominion Energy worth $212,871,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in D. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Dominion Energy by 450.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 378 shares during the last quarter. Orion Capital Management LLC bought a new position in shares of Dominion Energy during the 4th quarter valued at approximately $27,000. VSM Wealth Advisory LLC purchased a new stake in shares of Dominion Energy during the 1st quarter valued at approximately $28,000. Park Square Financial Group LLC purchased a new stake in Dominion Energy in the 4th quarter worth approximately $27,000. Finally, Dagco Inc. bought a new position in shares of Dominion Energy in the 1st quarter worth $31,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on D shares. JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a research note on Tuesday, July 15th. Morgan Stanley lowered their target price on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Dominion Energy has an average rating of "Hold" and a consensus target price of $59.14.

Dominion Energy Price Performance

Shares of D traded up $0.8510 during mid-day trading on Tuesday, hitting $61.2510. 2,816,503 shares of the company were exchanged, compared to its average volume of 5,321,466. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.26. 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 company has a 50 day moving average of $57.81 and a 200-day moving average of $55.88. The stock has a market cap of $52.27 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 1.33 and a beta of 0.57.

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

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy's dividend payout ratio is presently 92.07%.

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.