Callan Family Office LLC Invests $755,000 in Dominion Energy Inc. $D

Key Points

• Callan Family Office LLC invested $755,000 in Dominion Energy Inc., acquiring 13,366 shares in the second quarter, signaling confidence in the utility provider's performance.
• CEO Robert M. Blue purchased 4,152 shares of Dominion Energy stock, increasing his ownership by 2.64%, which reflects positive sentiment among company leaders.
• Analysts have varying opinions on Dominion Energy, with target prices ranging from $56.00 to $67.00; however, the consensus rating is a "Hold" with an average price target of $62.00.

Callan Family Office LLC acquired a new position in Dominion Energy Inc. (NYSE:D - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,366 shares of the utilities provider's stock, valued at approximately $755,000.

A number of other hedge funds have also recently made changes to their positions in the business. Maridea Wealth Management LLC boosted its stake in shares of Dominion Energy by 2.1% in the second quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider's stock worth $505,000 after acquiring an additional 183 shares during the period. Private Client Services LLC lifted its position in shares of Dominion Energy by 3.1% in the second quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider's stock worth $352,000 after buying an additional 188 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position 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 worth $338,000 after buying an additional 193 shares in the last quarter. Cornerstone Wealth Group LLC lifted its position in shares of Dominion Energy by 1.1% in the first 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 in the last quarter. Finally, Cobblestone Asset Management LLC lifted its position in shares of Dominion Energy by 3.2% in the second quarter. Cobblestone Asset Management LLC now owns 6,620 shares of the utilities provider's stock worth $374,000 after buying an additional 206 shares in the last quarter. Institutional investors own 73.04% of the company's stock.

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 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 $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on D. Barclays boosted their target price on Dominion Energy from $60.00 to $63.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 7th. Morgan Stanley decreased their target price on Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. JPMorgan Chase & Co. boosted their target price on Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a research report on Thursday, August 21st. Evercore ISI initiated coverage on Dominion Energy in a research report on Tuesday, October 7th. They issued an "in-line" rating and a $67.00 target price on the stock. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Dominion Energy in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of "Hold" and an average price target of $62.00.

Dominion Energy Trading Up 0.6%

Shares of NYSE D opened at $61.34 on Tuesday. 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 business's 50 day moving average price is $60.46 and its 200-day moving average price is $57.28. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.46. The company has a market cap of $52.35 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 1.32 and a beta of 0.62.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share 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 business had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $3.73 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company's quarterly revenue 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. On average, sell-side analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.67 annualized dividend and a yield of 4.4%. Dominion Energy's dividend payout ratio is 92.07%.

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.

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