Dominion Energy Inc. $D Shares Purchased by Central Pacific Bank Trust Division

Key Points

• Central Pacific Bank Trust Division has increased its holding in Dominion Energy Inc. by 28.3% during Q2, owning a total of 56,491 shares valued at approximately $3.19 million.
• CEO Robert M. Blue purchased 4,152 shares at $60.35 per share, boosting his ownership by 2.64% to 161,237 shares, valued at nearly $9.73 million.
• Dominion Energy's stock has a consensus rating of "Hold" with a price target of $59.57, following mixed analyst ratings and a recent quarterly earnings report that missed estimates.

Central Pacific Bank Trust Division raised its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 28.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,491 shares of the utilities provider's stock after buying an additional 12,453 shares during the period. Central Pacific Bank Trust Division's holdings in Dominion Energy were worth $3,193,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of D. Wellington Management Group LLP boosted 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 during the period. Nuveen LLC purchased a new position in shares of Dominion Energy during the first quarter worth $96,723,000. AQR Capital Management LLC boosted 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 during the period. Vanguard Group Inc. boosted 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 during the period. 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 during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a report on Thursday, August 21st. Morgan Stanley cut their price target on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Dominion Energy currently has a consensus rating of "Hold" and an average target price of $59.57.

Insider Transactions at Dominion Energy

In related news, CEO Robert M. Blue purchased 4,152 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average price of $60.35 per share, for a total transaction of $250,573.20. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by company insiders.

Dominion Energy Stock Performance

Shares of D traded up $0.58 during midday trading on Monday, reaching $60.63. 6,002,366 shares of the stock were exchanged, compared to its average volume of 4,480,437. The business's 50-day moving average price is $59.49 and its 200 day moving average price is $56.44. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.46. The company has a market capitalization of $51.74 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.30 and a beta of 0.60.

Dominion Energy (NYSE:D - Get Free Report) last posted its 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 firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the firm posted $0.65 EPS. The firm'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. On average, sell-side analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

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

About Dominion Energy

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.