Aptus Capital Advisors LLC Raises Stock Position in Dominion Energy Inc. $D

Key Points

• Aptus Capital Advisors LLC increased its stake in Dominion Energy by 54.3% during Q1, acquiring 6,823 shares and owning a total of 19,393 shares worth approximately $1,087,000.
• A number of large investors, including Brighton Jones LLC and Hsbc Holdings PLC, have also significantly increased their holdings in Dominion Energy in recent months, signaling strong interest among institutional investors.
• Dominion Energy announced a quarterly dividend of $0.6675 per share with a dividend yield of 4.4%, set to be paid on September 20th.

Aptus Capital Advisors LLC grew its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 54.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,393 shares of the utilities provider's stock after purchasing an additional 6,823 shares during the quarter. Aptus Capital Advisors LLC's holdings in Dominion Energy were worth $1,087,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Sowell Financial Services LLC purchased a new stake in shares of Dominion Energy during the 1st quarter valued at approximately $314,000. QRG Capital Management Inc. raised its position in shares of Dominion Energy by 13.8% during the 1st quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider's stock valued at $503,000 after buying an additional 1,087 shares during the period. Farther Finance Advisors LLC raised its position in shares of Dominion Energy by 114.8% during the 1st quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock valued at $680,000 after buying an additional 6,462 shares during the period. Bessemer Group Inc. raised its position in Dominion Energy by 7.0% in the first quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider's stock valued at $527,000 after purchasing an additional 616 shares during the period. Finally, Golden State Wealth Management LLC raised its position in Dominion Energy by 222.7% in the first quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 628 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Robert M. Blue purchased 4,152 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were bought at an average price of $60.35 per share, with a total value of $250,573.20. Following the completion of the purchase, the chief executive officer directly owned 161,237 shares in the company, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Dominion Energy Trading Up 0.9%

NYSE D traded up $0.52 during mid-day trading on Wednesday, reaching $60.34. 3,532,945 shares of the stock were exchanged, compared to its average volume of 5,317,295. 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 stock has a market capitalization of $51.49 billion, a PE ratio of 20.81, a PEG ratio of 1.30 and a beta of 0.57. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.46. The business's fifty day simple moving average is $58.63 and its 200 day simple moving average is $56.17.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share 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 analysts' expectations of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, research analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy's dividend payout ratio (DPR) is currently 92.07%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Morgan Stanley cut their target price on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. JPMorgan Chase & Co. boosted their price target on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average 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.