Caisse DE Depot ET Placement DU Quebec Decreases Stock Position in Dominion Energy Inc. $D

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its position in Dominion Energy Inc. by 57.8%, now holding 667,012 shares valued at approximately $37.4 million as of its latest SEC filing.
• Dominion Energy's stock is currently trading at $59.87, with a market capitalization of $51.09 billion and a PE ratio of 20.64.
• The company announced a quarterly dividend of $0.6675 payable on September 20, reflecting an annualized yield of 4.5% with a payout ratio of 92.07%.

Caisse DE Depot ET Placement DU Quebec lessened its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 57.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 667,012 shares of the utilities provider's stock after selling 911,799 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.08% of Dominion Energy worth $37,399,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Synovus Financial Corp lifted its holdings in shares of Dominion Energy by 4.6% in the first quarter. Synovus Financial Corp now owns 61,010 shares of the utilities provider's stock valued at $3,421,000 after purchasing an additional 2,666 shares in the last quarter. ICONIQ Capital LLC raised its position in shares of Dominion Energy by 23.4% in the first quarter. ICONIQ Capital LLC now owns 5,460 shares of the utilities provider's stock valued at $306,000 after buying an additional 1,036 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its position in shares of Dominion Energy by 409.0% in the first quarter. Campbell & CO Investment Adviser LLC now owns 79,512 shares of the utilities provider's stock valued at $4,458,000 after buying an additional 63,891 shares during the last quarter. Dodge & Cox raised its position in shares of Dominion Energy by 3.0% in the first quarter. Dodge & Cox now owns 23,308,378 shares of the utilities provider's stock valued at $1,306,901,000 after buying an additional 685,245 shares during the last quarter. Finally, Jump Financial LLC raised its position in shares of Dominion Energy by 133.9% in the first quarter. Jump Financial LLC now owns 20,209 shares of the utilities provider's stock valued at $1,133,000 after buying an additional 11,570 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Analyst Upgrades and Downgrades

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

Dominion Energy Trading Up 0.1%

D stock traded up $0.08 on Friday, hitting $59.89. 4,254,041 shares of the company were exchanged, compared to its average volume of 5,021,105. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.46. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The business's fifty day moving average is $58.86 and its two-hundred day moving average is $56.23. The stock has a market capitalization of $51.11 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 1.30 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 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 company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period last year, the company posted $0.65 EPS. The business's revenue for the quarter was up 9.3% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, research analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.5%. Dominion Energy's dividend payout ratio is presently 92.07%.

Insider Activity

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

Dominion Energy Company 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.