CHURCHILL MANAGEMENT Corp Invests $6.57 Million in Dominion Energy Inc. $D

Key Points

• CHURCHILL MANAGEMENT Corp invested approximately $6.57 million in Dominion Energy Inc., acquiring 116,182 shares, according to a recent Form 13F filing.
• JPMorgan Chase increased their price target for Dominion Energy from $56.00 to $59.00, while one analyst rated the stock as a Buy and others issued Hold and Sell ratings.
• Dominion Energy announced a quarterly dividend of $0.6675 per share, resulting in an annualized dividend yield of 4.4% and a payout ratio of 92.07%.

CHURCHILL MANAGEMENT Corp bought a new position in Dominion Energy Inc. (NYSE:D - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 116,182 shares of the utilities provider's stock, valued at approximately $6,567,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Dominion Energy by 1.7% in the first quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider's stock worth $5,106,823,000 after acquiring an additional 1,565,459 shares during the last quarter. Dodge & Cox lifted its holdings 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 worth $1,306,901,000 after acquiring an additional 685,245 shares during the last quarter. Wellington Management Group LLP lifted its holdings 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 worth $994,917,000 after acquiring an additional 2,882,252 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings 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 worth $890,318,000 after acquiring an additional 939,835 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings 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 worth $790,092,000 after acquiring an additional 1,552,985 shares during the last quarter. Institutional investors own 73.04% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on D. JPMorgan Chase & Co. upped their price objective 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 lowered their price objective on Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $60.33.

Insiders Place Their Bets

In other news, CEO Robert M. Blue bought 4,152 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was acquired at an average price of $60.35 per share, with a total value of $250,573.20. Following the transaction, 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.11% of the company's stock.

Dominion Energy Stock Performance

NYSE:D opened at $60.95 on Thursday. The company has a market capitalization of $52.01 billion, a PE ratio of 21.02, a P/E/G ratio of 1.33 and a beta of 0.62. The company has a 50 day simple moving average of $60.16 and a two-hundred day simple moving average of $56.87. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.46.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Research analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy's dividend payout ratio is currently 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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