Campbell & CO Investment Adviser LLC Purchases 63,891 Shares of Dominion Energy Inc. $D

Key Points

• Campbell & CO Investment Adviser LLC significantly increased its stake in Dominion Energy by 409%, acquiring an additional 63,891 shares during the first quarter, bringing their total holdings to 79,512 shares worth $4,458,000.
• Several institutional investors have also increased their stakes, with Wellington Management Group and Vanguard Group among the notable buyers, indicating strong interest in Dominion Energy.
• Dominion Energy has recently announced a quarterly dividend of $0.6675, equating to a 4.3% dividend yield, with the ex-dividend date set for September 5th.

Campbell & CO Investment Adviser LLC boosted its position in Dominion Energy Inc. (NYSE:D - Free Report) by 409.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,512 shares of the utilities provider's stock after purchasing an additional 63,891 shares during the period. Campbell & CO Investment Adviser LLC's holdings in Dominion Energy were worth $4,458,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased 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 worth $5,106,823,000 after purchasing an additional 1,565,459 shares in the last quarter. Dodge & Cox increased its stake 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 period. Wellington Management Group LLP increased its stake in shares of Dominion Energy by 19.4% in the first 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 during the period. Bank of New York Mellon Corp increased its stake in shares of Dominion Energy by 6.3% in the first quarter. Bank of New York Mellon Corp now owns 15,878,683 shares of the utilities provider's stock valued at $890,318,000 after buying an additional 939,835 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Dominion Energy by 12.4% in the first 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 buying an additional 1,552,985 shares during the period. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Price Performance

NYSE:D traded up $0.52 during trading hours on Wednesday, hitting $60.34. 3,532,945 shares of the company's stock traded hands, compared to its average volume of 5,317,295. The firm has a market cap of $51.49 billion, a P/E ratio of 20.81, a P/E/G ratio of 1.30 and a beta of 0.57. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.46. The business's fifty day simple moving average is $58.51 and its two-hundred day simple moving average is $56.14. 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 data 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). The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. Dominion Energy's quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, research analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 annualized dividend and a yield of 4.4%. Dominion Energy's dividend payout ratio (DPR) is currently 92.07%.

Insider Transactions at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue acquired 4,152 shares of the company's stock in a transaction that occurred on 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 purchase, the chief executive officer owned 161,237 shares of the company's stock, valued at approximately $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.11% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on D. JPMorgan Chase & Co. increased their price target 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 decreased their price target on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $59.57.

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.