Amundi Reduces Holdings in Dominion Energy Inc. $D

Key Points

• Amundi has reduced its stake in Dominion Energy by 12.5%, owning 2,166,365 shares valued at approximately $121.86 million as of its latest filing with the SEC.
• Dominion Energy's CEO, Robert M. Blue, bought 4,152 shares of the company's stock at $60.35 each, increasing his position by 2.64%.
• JPMorgan and Morgan Stanley updated their target prices for Dominion Energy, now set at $59.00 and $60.00 respectively, maintaining a generally cautious outlook on the stock.

Amundi lessened its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 12.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,166,365 shares of the utilities provider's stock after selling 310,588 shares during the quarter. Amundi owned approximately 0.25% of Dominion Energy worth $121,858,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Orion Capital Management LLC acquired a new stake in Dominion Energy in the 4th quarter worth about $27,000. Park Square Financial Group LLC purchased a new position in shares of Dominion Energy during the 4th quarter worth about $27,000. AlphaQuest LLC acquired a new stake in shares of Dominion Energy in the first quarter worth approximately $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Dominion Energy in the first quarter worth approximately $28,000. Finally, Dagco Inc. purchased a new stake in Dominion Energy in the first quarter valued at approximately $31,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Trading Up 1.6%

D traded up $0.90 during trading on Tuesday, hitting $58.85. 5,631,581 shares of the company's stock were exchanged, compared to its average volume of 5,279,309. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.46. The stock has a 50 day moving average price of $59.22 and a 200 day moving average price of $56.34. The firm has a market cap of $50.22 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 1.26 and a beta of 0.60. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

Dominion Energy (NYSE:D - Get Free Report) last posted 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). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The business's revenue was up 9.3% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders 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 dividend yield of 4.5%. Dominion Energy's dividend payout ratio (DPR) is 92.07%.

Insider Activity

In related news, CEO Robert M. Blue bought 4,152 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The shares were acquired at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the acquisition, the chief executive officer owned 161,237 shares in the company, valued at $9,730,652.95. This represents a 2.64% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.11% of the company's stock.

Analysts Set New Price Targets

D has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. JPMorgan Chase & Co. upped their price objective on Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a report on Thursday, August 21st. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $59.57.

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.