Credit Agricole S A Has $13.41 Million Stock Holdings in Dominion Energy Inc. $D

Key Points

• Credit Agricole S A increased its stake in Dominion Energy Inc. by 7.2%, holding 239,123 shares valued at $13.4 million as of the end of Q1.
• Dominion Energy recently announced a quarterly dividend of $0.6675, reflecting an annualized payout of $2.67 with a yield of 4.3%.
• The company reported a net margin of 16.45% and a year-over-year revenue increase of 9.3%, with quarterly earnings per share of $0.75, slightly below estimates.

Credit Agricole S A increased its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 7.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 239,123 shares of the utilities provider's stock after purchasing an additional 16,112 shares during the period. Credit Agricole S A's holdings in Dominion Energy were worth $13,408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC raised its position in Dominion Energy by 450.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 378 shares during the last quarter. Orion Capital Management LLC bought a new position in Dominion Energy in the 4th quarter valued at $27,000. Park Square Financial Group LLC bought a new position in Dominion Energy in the 4th quarter valued at $27,000. VSM Wealth Advisory LLC bought a new position in Dominion Energy in the 1st quarter valued at $28,000. Finally, Navigoe LLC bought a new position in Dominion Energy in the 4th quarter valued at $29,000. Institutional investors own 73.04% of the company's stock.

Dominion Energy Trading Down 1.5%

Shares of Dominion Energy stock traded down $0.89 during trading on Tuesday, reaching $59.30. 1,608,874 shares of the company were exchanged, compared to its average volume of 5,289,271. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.46. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $50.61 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 1.34 and a beta of 0.57. The business has a 50-day moving average price of $58.39 and a 200-day moving average price of $56.11.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly 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). The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Sell-side analysts anticipate 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 dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 annualized dividend and a yield of 4.5%. Dominion Energy's dividend payout ratio is 92.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a research report on Thursday, August 21st. Morgan Stanley dropped 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 research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Dominion Energy presently has a consensus rating of "Hold" and an average price target of $59.57.

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.