Ameriprise Financial Inc. Cuts Position in Dominion Energy Inc. $D

Key Points

• Ameriprise Financial Inc. reduced its holdings in Dominion Energy by 23.2%, selling 331,246 shares, leaving them with approximately 1.1 million shares worth $61.58 million.
• Dominion Energy's stock has experienced a 0.5% decline, with a current price of $59.87, and maintains a market capitalization of $51.09 billion.
• The company announced a quarterly dividend of $0.6675 per share, set to be paid on September 20th, resulting in a 4.5% annualized yield and a payout ratio of 92.07%.

Ameriprise Financial Inc. decreased its position in Dominion Energy Inc. (NYSE:D - Free Report) by 23.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,098,115 shares of the utilities provider's stock after selling 331,246 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.13% of Dominion Energy worth $61,579,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Dominion Energy by 1.7% in the first quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider's stock valued at $5,106,823,000 after acquiring an additional 1,565,459 shares during the period. Wellington Management Group LLP lifted its holdings in Dominion Energy by 19.4% in the first quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider's stock valued at $994,917,000 after acquiring an additional 2,882,252 shares during the period. Bank of New York Mellon Corp lifted its holdings in Dominion Energy by 6.3% in the first quarter. Bank of New York Mellon Corp now owns 15,878,683 shares of the utilities provider's stock valued at $890,318,000 after acquiring an additional 939,835 shares during the period. Price T Rowe Associates Inc. MD increased its position in Dominion Energy by 12.4% in the first 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 in the last quarter. Finally, Bank of America Corp DE increased its position in Dominion Energy by 2.9% in the fourth quarter. Bank of America Corp DE now owns 11,946,195 shares of the utilities provider's stock worth $643,422,000 after buying an additional 336,747 shares in the last quarter. Institutional investors own 73.04% of the company's stock.

Dominion Energy Price Performance

Shares of NYSE:D traded up $0.08 during trading on Monday, hitting $59.89. 4,254,041 shares of the company's stock were exchanged, compared to its average volume of 4,851,146. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.46. The business's 50-day simple moving average is $58.94 and its 200 day simple moving average is $56.25. The company has a market cap of $51.11 billion, a price-to-earnings 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 the consensus estimate 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 for the quarter, compared to analysts' expectations of $3.73 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The business's revenue for the quarter 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 predict that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced 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 is Friday, September 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.5%. Dominion Energy's dividend payout ratio (DPR) is currently 92.07%.

Insider Activity

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The stock was purchased at an average price of $60.35 per share, for a total transaction 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. This trade represents a 2.64% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.11% of the company's stock.

Analysts Set New Price Targets

D has been the subject of a number of analyst reports. Morgan Stanley reduced their price target 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. 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 report on Thursday, August 21st. One equities research 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's stock. According to data from MarketBeat.com, the stock currently 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.