AQR Capital Management LLC Boosts Stock Holdings in Dominion Energy Inc. $D

Key Points

• AQR Capital Management LLC increased its stake in Dominion Energy Inc. by 588.9%, acquiring 1,687,819 shares during the first quarter.
• Dominion Energy recently reported quarterly earnings of $0.75 per share, missing estimates but showed a year-over-year revenue increase of 9.3% to $3.81 billion.
• The company's latest quarterly dividend of $0.6675 per share represents a yield of 4.5%, with a dividend payout ratio of 92.07%.

AQR Capital Management LLC grew its stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 588.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,974,405 shares of the utilities provider's stock after purchasing an additional 1,687,819 shares during the period. AQR Capital Management LLC owned approximately 0.23% of Dominion Energy worth $109,678,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Dynamic Advisor Solutions LLC raised its stake in shares of Dominion Energy by 3.3% in the first quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider's stock valued at $338,000 after acquiring an additional 193 shares during the period. Centre Asset Management LLC increased its stake in Dominion Energy by 3.3% in the 1st quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider's stock worth $350,000 after buying an additional 198 shares during the period. Cornerstone Wealth Group LLC increased its stake in Dominion Energy by 1.1% in the 1st quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider's stock worth $1,022,000 after buying an additional 202 shares during the period. Verdence Capital Advisors LLC increased its stake in Dominion Energy by 4.6% in the 1st quarter. Verdence Capital Advisors LLC now owns 4,688 shares of the utilities provider's stock worth $263,000 after buying an additional 208 shares during the period. Finally, Cary Street Partners Investment Advisory LLC increased its stake in Dominion Energy by 40.2% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 729 shares of the utilities provider's stock worth $41,000 after buying an additional 209 shares during the period. Institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Up 1.6%

Shares of NYSE:D traded up $0.90 during trading on Tuesday, reaching $58.85. The stock had a trading volume of 5,630,922 shares, compared to its average volume of 5,279,304. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.46. The company has a market capitalization of $50.22 billion, a P/E ratio of 20.29, a PEG 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. The firm's 50-day simple moving average is $59.22 and its 200 day simple moving average is $56.34.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results 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 during the quarter, compared to analyst estimates 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 business earned $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, research analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be given 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 4.5%. Dominion Energy's dividend payout ratio (DPR) is currently 92.07%.

Analysts Set New Price Targets

Several research firms recently commented on D. JPMorgan Chase & Co. raised 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. Morgan Stanley cut 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 research report on Wednesday, June 18th. One equities research 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $59.57.

Insider Transactions at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue purchased 4,152 shares of Dominion Energy stock in a transaction on Wednesday, August 27th. The stock was bought at an average cost of $60.35 per share, with a total value of $250,573.20. Following the transaction, 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 hyperlink. Corporate insiders own 0.11% of the company's stock.

Dominion Energy 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.