Decade Renewable Partners LP Acquires New Shares in Dominion Energy Inc. $D

Key Points

• Decade Renewable Partners LP has acquired 165,402 shares of Dominion Energy Inc., valued at approximately $9.27 million, making it the firm's second largest holding.
• Insider activity included CEO Robert M. Blue purchasing 4,152 shares at an average price of $60.35 per share, increasing his ownership by 2.64%.
• Dominion Energy announced a quarterly dividend of $0.6675 per share with a trailing dividend yield of 4.5%, but maintains a high dividend payout ratio of 92.07%.

Decade Renewable Partners LP acquired a new stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund acquired 165,402 shares of the utilities provider's stock, valued at approximately $9,274,000. Dominion Energy accounts for approximately 7.1% of Decade Renewable Partners LP's investment portfolio, making the stock its 2nd biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in D. Brighton Jones LLC raised its stake in shares of Dominion Energy by 64.3% during the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock valued at $489,000 after purchasing an additional 3,553 shares during the period. Schonfeld Strategic Advisors LLC raised its stake in shares of Dominion Energy by 2.4% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 9,818 shares of the utilities provider's stock valued at $529,000 after purchasing an additional 228 shares during the period. Allegheny Financial Group bought a new stake in shares of Dominion Energy during the 4th quarter valued at $281,000. Aptus Capital Advisors LLC raised its stake in shares of Dominion Energy by 34.9% during the 4th quarter. Aptus Capital Advisors LLC now owns 12,570 shares of the utilities provider's stock valued at $677,000 after purchasing an additional 3,251 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Dominion Energy by 13.5% during the 4th quarter. BNP Paribas Financial Markets now owns 1,598,897 shares of the utilities provider's stock valued at $86,117,000 after purchasing an additional 190,402 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Robert M. Blue acquired 4,152 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was purchased 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.11% of the company's stock.

Dominion Energy Price Performance

Shares of NYSE D opened at $59.89 on Friday. The firm has a market capitalization of $51.11 billion, a P/E ratio of 20.65, a P/E/G ratio of 1.30 and a beta of 0.57. 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 stock's 50-day simple moving average is $58.86 and its two-hundred day simple moving average is $56.23. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.46.

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 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 business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the company earned $0.65 earnings per share. 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, equities analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders of record on Friday, September 5th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, September 5th. Dominion Energy's dividend payout ratio is presently 92.07%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a research note 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 on the stock in a research note on Wednesday, June 18th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $59.57.

Dominion Energy 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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