Dimensional Fund Advisors LP Buys 80,428 Shares of Dominion Energy Inc. $D

Key Points

• Dimensional Fund Advisors LP increased its stake in Dominion Energy Inc. by 3.7%, owning 2,270,565 shares worth approximately $127 million after acquiring an additional 80,428 shares in the first quarter.
• Dominion Energy reported earnings per share of $0.75 for the last quarter, which was below the consensus estimate of $0.77, despite achieving revenue of $3.81 billion that exceeded expectations.
• The company declared a quarterly dividend of $0.6675, translating to an annual yield of 4.4%, with a payout ratio of 92.07%.

Dimensional Fund Advisors LP raised its position in Dominion Energy Inc. (NYSE:D - Free Report) by 3.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,270,565 shares of the utilities provider's stock after buying an additional 80,428 shares during the period. Dimensional Fund Advisors LP owned about 0.27% of Dominion Energy worth $127,290,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of D. Kayne Anderson Rudnick Investment Management LLC boosted 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 buying 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. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on D. Morgan Stanley cut their price target 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. JPMorgan Chase & Co. increased their price target on Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $59.57.

Dominion Energy Trading Up 0.9%

Dominion Energy stock traded up $0.52 during mid-day trading on Wednesday, hitting $60.34. 3,532,945 shares of the company's stock were exchanged, compared to its average volume of 5,317,295. The firm has a market capitalization of $51.49 billion, a P/E ratio of 20.81, a PEG ratio of 1.30 and a beta of 0.57. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week 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 company's 50 day simple moving average is $58.63 and its 200-day simple moving average is $56.17.

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

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy's dividend payout ratio (DPR) is presently 92.07%.

Insider Buying and Selling

In other Dominion Energy news, CEO Robert M. Blue acquired 4,152 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The shares were acquired at an average price of $60.35 per share, with a total value of $250,573.20. Following the purchase, the chief executive officer owned 161,237 shares of the company's stock, valued at $9,730,652.95. This represents a 2.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.11% of the company's stock.

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.