Ethos Financial Group LLC Buys Shares of 34,975 Dominion Energy Inc. $D

Key Points

• Ethos Financial Group LLC has acquired a $1.96 million stake in Dominion Energy, purchasing approximately 34,975 shares in the first quarter.
• Dominion Energy's stock is currently rated as a "Hold" by analysts, with a consensus price target of $59.14 and recent earnings missed estimates.
• The company recently declared a quarterly dividend of $0.6675 per share, yielding 4.4%, and has a high dividend payout ratio of 92.07%.

Ethos Financial Group LLC purchased a new position in Dominion Energy Inc. (NYSE:D - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 34,975 shares of the utilities provider's stock, valued at approximately $1,961,000.

A number of other institutional investors have also recently made changes to their positions in D. Brighton Jones LLC boosted its holdings in Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock worth $489,000 after purchasing an additional 3,553 shares during the last quarter. Mariner LLC boosted its stake in shares of Dominion Energy by 3.3% in the 4th quarter. Mariner LLC now owns 139,044 shares of the utilities provider's stock worth $7,489,000 after buying an additional 4,499 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Dominion Energy by 24.3% in the 4th quarter. NewEdge Advisors LLC now owns 70,992 shares of the utilities provider's stock worth $3,824,000 after buying an additional 13,877 shares during the last quarter. Cadence Bank boosted its stake in shares of Dominion Energy by 2.0% in the 4th quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock worth $515,000 after buying an additional 189 shares during the last quarter. Finally, Commerce Bank boosted its stake in shares of Dominion Energy by 2.4% in the 4th quarter. Commerce Bank now owns 134,463 shares of the utilities provider's stock worth $7,242,000 after buying an additional 3,098 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Trading Down 0.5%

Shares of NYSE D traded down $0.3210 during midday trading on Thursday, hitting $61.1990. The company's stock had a trading volume of 2,556,039 shares, compared to its average volume of 5,289,897. The firm has a market cap of $52.23 billion, a P/E ratio of 21.10, a price-to-earnings-growth ratio of 1.33 and a beta of 0.57. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.46. The business's 50 day moving average is $58.04 and its two-hundred day moving average is $55.96. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data 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 previous year, the firm earned $0.65 EPS. The firm's quarterly revenue was up 9.3% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, equities research analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

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 dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, September 5th. Dominion Energy's payout ratio is currently 92.07%.

Analysts Set New Price Targets

Several research analysts have issued reports on D shares. JPMorgan Chase & Co. raised their target price on Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a research report on Thursday. Morgan Stanley dropped their price objective on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $59.57.

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.