Energy Income Partners LLC Purchases 37,663 Shares of Dominion Energy Inc. $D

Key Points

• Energy Income Partners LLC increased its stake in Dominion Energy by 3.2%, owning over 1.2 million shares valued at approximately $68.2 million.
• Wellington Management and other institutional investors significantly boosted their holdings in Dominion Energy, with Wellington now owning nearly $995 million in shares after a 19.4% increase.
• Dominion Energy announced a quarterly dividend of $0.6675 per share, representing an annualized dividend yield of 4.5% and a payout ratio of 92.07%.

Energy Income Partners LLC raised its position in Dominion Energy Inc. (NYSE:D - Free Report) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,217,112 shares of the utilities provider's stock after purchasing an additional 37,663 shares during the quarter. Energy Income Partners LLC owned 0.14% of Dominion Energy worth $68,243,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its position 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 bought a new position in shares of Dominion Energy during the first quarter valued at $96,723,000. Vanguard Group Inc. lifted its holdings in shares of Dominion Energy by 1.7% during the first quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider's stock worth $5,106,823,000 after purchasing an additional 1,565,459 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of 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 purchasing an additional 1,552,985 shares during the last quarter. Finally, Zimmer Partners LP acquired a new stake in Dominion Energy in the fourth quarter valued at $72,269,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Price Performance

D stock opened at $59.89 on Friday. 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 firm 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 0.57. The company's fifty day simple moving average is $58.86 and its 200 day simple moving average is $56.23. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.46.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.02). The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The business's revenue was up 9.3% on a year-over-year basis. During the same period last year, the business posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 annualized dividend and a yield of 4.5%. Dominion Energy's payout ratio is 92.07%.

Insider Activity

In related 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 price of $60.35 per share, with a total value of $250,573.20. Following the transaction, the chief executive officer directly owned 161,237 shares in the company, valued at $9,730,652.95. This represents a 2.64% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.11% of the company's stock.

Analyst Upgrades and Downgrades

D has been the subject of several analyst reports. Morgan Stanley lowered their target price 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. raised their price objective 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 issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.