Dominion Energy Inc. $D Shares Acquired by Asset Management One Co. Ltd.

Key Points

• Asset Management One Co. Ltd. increased its stake in Dominion Energy Inc. by 3.0% during the second quarter, bringing its total holdings to 360,440 shares valued at approximately $20.37 million.
• Barclays raised its target price for Dominion Energy from $60.00 to $63.00, while Morgan Stanley increased its target from $63.00 to $66.00, reflecting positive outlooks from some analysts.
• Dominion Energy declared a quarterly dividend of $0.6675 per share, which yields 4.4%, and has set FY 2025 earnings guidance between $3.280 - $3.520 EPS.

Asset Management One Co. Ltd. raised its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 3.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 360,440 shares of the utilities provider's stock after buying an additional 10,353 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Dominion Energy were worth $20,372,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in D. AlphaQuest LLC acquired a new position in Dominion Energy during the 1st quarter worth $27,000. VSM Wealth Advisory LLC bought a new position in Dominion Energy during the 1st quarter valued at $28,000. Dagco Inc. acquired a new stake in shares of Dominion Energy in the first quarter valued at $31,000. ANTIPODES PARTNERS Ltd bought a new stake in Dominion Energy in the first quarter worth about $34,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Dominion Energy in the 1st quarter worth approximately $34,000. Institutional investors own 73.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Barclays lifted their target price on Dominion Energy from $60.00 to $63.00 and gave the stock an "overweight" rating in a report on Tuesday, October 7th. BTIG Research assumed coverage on Dominion Energy in a research note on Wednesday. They issued a "neutral" rating for the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Dominion Energy in a research report on Friday. Evercore ISI began coverage on Dominion Energy in a research report on Tuesday, October 7th. They set an "in-line" rating and a $67.00 price objective for the company. Finally, Morgan Stanley raised their price target on Dominion Energy from $63.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $62.43.

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue acquired 4,152 shares of Dominion Energy stock in a transaction dated Wednesday, August 27th. The stock was bought at an average cost of $60.35 per share, with a total value of $250,573.20. Following the completion of the transaction, the chief executive officer owned 161,237 shares of the company's stock, valued at $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company's stock.

Dominion Energy Stock Up 0.6%

Shares of Dominion Energy stock opened at $61.05 on Friday. The stock has a 50 day moving average price of $60.40 and a two-hundred day moving average price of $57.73. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.52. The stock has a market capitalization of $52.10 billion, a P/E ratio of 21.05, a PEG ratio of 2.21 and a beta of 0.62.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. The business's quarterly 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. Equities analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

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

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