Jump Financial LLC Purchases 11,570 Shares of Dominion Energy Inc. $D

Key Points

• Jump Financial LLC increased its stake in Dominion Energy Inc. by 133.9%, owning 20,209 shares worth $1,133,000 after acquiring an additional 11,570 shares during the first quarter.
• Dominion Energy reported earnings per share (EPS) of $0.75 for its most recent quarter, missing the consensus estimate of $0.77, despite a year-over-year revenue increase of 9.3%.
• The company has declared a quarterly dividend of $0.6675 per share, representing a 4.5% dividend yield with a payout ratio of 92.07%.

Jump Financial LLC grew its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 133.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,209 shares of the utilities provider's stock after purchasing an additional 11,570 shares during the quarter. Jump Financial LLC's holdings in Dominion Energy were worth $1,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in Dominion Energy by 19.4% during the 1st quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider's stock worth $994,917,000 after buying an additional 2,882,252 shares during the period. Nuveen LLC acquired a new position in Dominion Energy during the 1st quarter worth approximately $96,723,000. Vanguard Group Inc. raised its stake in Dominion Energy by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider's stock worth $5,106,823,000 after buying an additional 1,565,459 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Dominion Energy by 12.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider's stock worth $790,092,000 after buying an additional 1,552,985 shares during the period. Finally, Zimmer Partners LP acquired a new position in Dominion Energy during the 4th quarter worth approximately $72,269,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on D shares. JPMorgan Chase & Co. upped their price target 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 lowered their price objective on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $59.57.

Insider Activity at Dominion Energy

In related news, CEO Robert M. Blue purchased 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, with a total value of $250,573.20. Following the completion of the acquisition, the chief executive officer directly owned 161,237 shares of the company's stock, valued at approximately $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by insiders.

Dominion Energy Stock Performance

Shares of D traded up $0.08 on Monday, reaching $59.89. 4,254,041 shares of the company's stock traded hands, compared to its average volume of 4,851,146. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The stock's 50 day simple moving average is $58.94 and its two-hundred day simple moving average is $56.25. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.46. The stock has a market cap of $51.11 billion, a PE ratio of 20.65, a PEG ratio of 1.30 and a beta of 0.60.

Dominion Energy (NYSE:D - Get Free Report) last released 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 return on equity of 9.68% and a net margin of 16.45%.The firm had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $3.73 billion. During the same period in the prior year, the business earned $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. On average, analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared 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 of this dividend is Friday, September 5th. Dominion Energy's dividend payout ratio (DPR) is presently 92.07%.

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.