4,618 Shares in Dominion Energy Inc. $D Bought by Clare Market Investments LLC

Key Points

• Clare Market Investments LLC acquired a new stake in Dominion Energy, purchasing 4,618 shares valued at approximately $261,000 during the second quarter.
• Dominion Energy's latest quarterly earnings report showed an EPS of $0.75, missing expectations, but its revenue increased by 9.3% year-over-year.
• The company announced a quarterly dividend of $0.6675 per share, representing a 4.5% dividend yield for investors.

Clare Market Investments LLC acquired a new position in shares of Dominion Energy Inc. (NYSE:D - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,618 shares of the utilities provider's stock, valued at approximately $261,000.

A number of other hedge funds also recently made changes to their positions in the stock. AlphaQuest LLC bought a new stake in Dominion Energy in the first quarter worth approximately $27,000. Orion Capital Management LLC bought a new stake in shares of Dominion Energy during the 4th quarter valued at $27,000. VSM Wealth Advisory LLC bought a new stake in shares of Dominion Energy during the 1st quarter valued at $28,000. Park Square Financial Group LLC bought a new stake in shares of Dominion Energy during the 4th quarter valued at $27,000. Finally, Dagco Inc. purchased a new position in Dominion Energy during the first quarter worth about $31,000. 73.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a report on Thursday, August 21st. Morgan Stanley decreased their target price on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $59.83.

Insiders Place Their Bets

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of Dominion Energy stock in a transaction dated Wednesday, August 27th. The shares were purchased at an average cost 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.11% of the company's stock.

Dominion Energy Stock Performance

Shares of Dominion Energy stock traded up $0.04 during trading hours on Monday, hitting $59.89. 6,340,568 shares of the company's stock traded hands, compared to its average volume of 5,285,491. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.46. The stock has a market capitalization of $51.11 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.30 and a beta of 0.60. The company has a fifty day simple moving average of $59.68 and a 200-day simple moving average of $56.58. 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 (NYSE:D - Get Free Report) last announced its earnings results 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 analysts' expectations of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company'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 business earned $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Equities research analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were given a $0.6675 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.67 annualized dividend and a yield of 4.5%. Dominion Energy's payout ratio is presently 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.