Caxton Associates LLP Acquires New Stake in Dominion Energy Inc. $D

Key Points

• Caxton Associates LLP acquired 10,148 shares of Dominion Energy Inc., valued at approximately $569,000, during the first quarter.
• Dominion Energy reported a quarterly earnings miss with an EPS of $0.75, falling short of analyst estimates of $0.77, while its revenue increased by 9.3% year-over-year to $3.81 billion.
• The company announced a quarterly dividend of $0.6675 per share, resulting in an annualized dividend yield of 4.4%, with a payout ratio of 92.07%.

Caxton Associates LLP acquired a new position in shares of Dominion Energy Inc. (NYSE:D - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,148 shares of the utilities provider's stock, valued at approximately $569,000.

A number of other institutional investors and hedge funds have also made changes to their positions in D. Wellington Management Group LLP grew its position in shares of Dominion Energy by 19.4% during the first quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider's stock worth $994,917,000 after buying an additional 2,882,252 shares in the last quarter. Nuveen LLC acquired a new position in shares of Dominion Energy during the first quarter worth about $96,723,000. AQR Capital Management LLC grew its position in shares of Dominion Energy by 588.9% during the first quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider's stock worth $109,678,000 after buying an additional 1,687,819 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Dominion Energy by 1.7% during the first quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider's stock worth $5,106,823,000 after buying an additional 1,565,459 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in 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 purchasing an additional 1,552,985 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of Dominion Energy stock traded up $0.58 during trading hours on Monday, hitting $60.63. 6,002,366 shares of the company were exchanged, compared to its average volume of 5,287,990. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.46. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The business has a 50-day moving average of $59.41 and a 200-day moving average of $56.41. The stock has a market capitalization of $51.74 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 1.30 and a beta of 0.60.

Dominion Energy (NYSE:D - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The company's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, analysts expect that Dominion Energy Inc. will post 3.39 EPS 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. Shareholders of record on Friday, September 5th will be given a $0.6675 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.67 annualized dividend and a yield of 4.4%. Dominion Energy's dividend payout ratio is presently 92.07%.

Analyst Ratings Changes

D has been the subject of a number of research analyst reports. Morgan Stanley lowered their price target on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. JPMorgan Chase & Co. upped their price target on Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a report on Thursday, August 21st. One investment 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $59.57.

Insiders Place Their Bets

In other news, CEO Robert M. Blue bought 4,152 shares of the stock in a transaction 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 acquisition, the chief executive officer owned 161,237 shares of the company's stock, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.11% of the company's stock.

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.