Baird Financial Group Inc. Has $2.17 Million Position in Dominion Energy Inc. $D

Key Points

• Baird Financial Group Inc. has reduced its stake in Dominion Energy by 19.6%, selling 9,402 shares to hold 38,684 shares valued at approximately $2.17 million.
• CEO Robert M. Blue bought 4,152 shares of Dominion Energy stock, increasing his ownership by 2.64%, now valuing at about $9.73 million.
• Dominion Energy declared a quarterly dividend of $0.6675 per share, representing a 4.6% yield and a payout ratio of 92.07%.

Baird Financial Group Inc. reduced its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 19.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,684 shares of the utilities provider's stock after selling 9,402 shares during the quarter. Baird Financial Group Inc.'s holdings in Dominion Energy were worth $2,169,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of D. Wellington Management Group LLP grew its holdings in Dominion Energy by 19.4% during the 1st quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider's stock valued at $994,917,000 after buying an additional 2,882,252 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Dominion Energy during the first quarter worth approximately $96,723,000. Vanguard Group Inc. grew its holdings in Dominion Energy by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider's stock valued at $5,106,823,000 after buying an additional 1,565,459 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Dominion Energy by 12.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider's stock valued at $790,092,000 after acquiring an additional 1,552,985 shares during the period. Finally, Zimmer Partners LP acquired a new position in Dominion Energy during the fourth quarter worth approximately $72,269,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Dominion Energy stock traded up $0.90 during trading on Tuesday, reaching $58.85. The company had a trading volume of 5,631,581 shares, compared to its average volume of 4,266,367. The firm has a market capitalization of $50.22 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 1.26 and a beta of 0.60. The firm's 50-day simple moving average is $59.24 and its 200 day simple moving average is $56.36. 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 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 released its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $3.73 billion. During the same period in the prior year, the firm posted $0.65 earnings per share. Dominion Energy's revenue for the quarter 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. Sell-side analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders 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 4.5%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy's payout ratio is currently 92.07%.

Wall Street Analyst Weigh In

Several research firms recently commented on D. JPMorgan Chase & Co. upped their target price on Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a research note on Thursday, August 21st. Morgan Stanley lowered their price target 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. 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.com, Dominion Energy presently has a consensus rating of "Hold" and an average target price of $59.57.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue acquired 4,152 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The shares were acquired at an average price of $60.35 per share, with a total value of $250,573.20. Following the acquisition, the chief executive officer directly owned 161,237 shares in the company, valued at approximately $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

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.