Chicago Capital LLC Grows Stock Position in Dominion Energy Inc. $D

Key Points

• Chicago Capital LLC increased its stake in Dominion Energy by 39.9%, acquiring an additional 5,040 shares, bringing its total holdings to 17,669 shares valued at approximately $999,000.
• CEO Robert M. Blue bought 4,152 shares of Dominion Energy stock, raising his total ownership to 161,237 shares valued at about $9.73 million, reflecting a 2.64% increase in his holdings.
• Analysts have mixed views on Dominion Energy, with a consensus rating of "Hold" and an average price target of $60.33, following recent revisions from firms like Morgan Stanley and JPMorgan Chase & Co..

Chicago Capital LLC grew its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 39.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,669 shares of the utilities provider's stock after buying an additional 5,040 shares during the period. Chicago Capital LLC's holdings in Dominion Energy were worth $999,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. AlphaQuest LLC bought a new stake in shares of Dominion Energy in the first quarter valued at approximately $27,000. VSM Wealth Advisory LLC bought a new stake in Dominion Energy during the 1st quarter valued at $28,000. Dagco Inc. bought a new stake in Dominion Energy during the 1st quarter valued at $31,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Dominion Energy during the first quarter worth $34,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in shares of Dominion Energy in the first quarter worth $34,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Insiders Place Their Bets

In related news, CEO Robert M. Blue acquired 4,152 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was acquired at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the acquisition, the chief executive officer owned 161,237 shares of the company's stock, valued at $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.11% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

D has been the topic of a number of analyst reports. Morgan Stanley decreased their price objective on Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. 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 research report on Thursday, August 21st. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Dominion Energy currently has a consensus rating of "Hold" and an average price target of $60.33.

Dominion Energy Trading Up 0.4%

Shares of D stock opened at $61.14 on Wednesday. The business has a 50-day moving average of $60.10 and a 200 day moving average of $56.85. 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 1-year low of $48.07 and a 1-year high of $62.46. The stock has a market capitalization of $52.18 billion, a PE ratio of 21.08, a P/E/G ratio of 1.32 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 analysts' consensus estimates of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm 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 firm posted $0.65 EPS. Dominion Energy's 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. As a group, sell-side analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 4.4%. Dominion Energy's dividend payout ratio (DPR) is presently 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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