Brandywine Global Investment Management LLC Boosts Stock Position in Dominion Energy Inc. $D

Key Points

• Brandywine Global Investment Management LLC increased its stake in Dominion Energy by 15.5%, purchasing an additional 116,352 shares, bringing its total holdings to approximately 867,062 shares valued at $48.6 million.
• Analysts have mixed ratings for Dominion Energy, with price targets ranging from $56 to $60, and an overall average rating of "Hold" with an average price target of $59.14.
• Dominion Energy recently declared a quarterly dividend of $0.6675 per share, representing a 4.4% annual yield, with a payout ratio of 92.07%.

Brandywine Global Investment Management LLC lifted its stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 15.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 867,062 shares of the utilities provider's stock after buying an additional 116,352 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.10% of Dominion Energy worth $48,616,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its position in 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 worth $25,000 after acquiring an additional 378 shares during the period. Orion Capital Management LLC acquired a new position in shares of Dominion Energy during the 4th quarter worth approximately $27,000. Park Square Financial Group LLC acquired a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. VSM Wealth Advisory LLC bought a new stake in shares of Dominion Energy in the first quarter valued at approximately $28,000. Finally, Navigoe LLC bought a new position in Dominion Energy during the 4th quarter worth $29,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on D shares. JPMorgan Chase & Co. lifted their price objective 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 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 research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Dominion Energy presently has an average rating of "Hold" and a consensus target price of $59.14.

Dominion Energy Trading Up 1.4%

D traded up $0.8510 during trading on Tuesday, hitting $61.2510. The company's stock had a trading volume of 2,812,117 shares, compared to its average volume of 5,314,970. The firm has a market capitalization of $52.27 billion, a P/E ratio of 21.12, a PEG ratio of 1.33 and a beta of 0.57. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.26. The stock's fifty day moving average price is $57.81 and its 200-day moving average price is $55.88. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly 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). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. The company'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. Analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current 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 is Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy's payout ratio is 92.07%.

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.