Family Legacy Financial Solutions LLC Makes New Investment in Dominion Energy Inc. $D

Key Points

• Family Legacy Financial Solutions LLC made a new investment of $419,000 in Dominion Energy Inc., acquiring 7,404 shares during the 2nd quarter.
• Dominion Energy announced a quarterly dividend of $0.6675 per share, translating to an annual yield of 4.5%, with an ex-dividend date on September 5th.
• Analysts have mixed opinions on Dominion Energy's stock, with a consensus rating of "Hold" and an average price target of $59.57.

Family Legacy Financial Solutions LLC purchased a new stake in Dominion Energy Inc. (NYSE:D - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 7,404 shares of the utilities provider's stock, valued at approximately $419,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Dominion Energy by 1.7% during 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 purchasing an additional 1,565,459 shares during the period. Dodge & Cox grew its position in Dominion Energy by 3.0% in the 1st quarter. Dodge & Cox now owns 23,308,378 shares of the utilities provider's stock valued at $1,306,901,000 after acquiring an additional 685,245 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of 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 in the last quarter. Bank of New York Mellon Corp grew its stake 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 purchasing an additional 939,835 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Dominion Energy by 12.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider's stock valued at $790,092,000 after buying an additional 1,552,985 shares during the last quarter. Institutional investors own 73.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on D. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a research report on Thursday, August 21st. Morgan Stanley decreased their price target on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of "Hold" and a consensus price target of $59.83.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue bought 4,152 shares of Dominion Energy stock in a transaction that occurred on 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 acquisition, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.11% of the company's stock.

Dominion Energy Stock Performance

D stock traded up $0.19 during trading hours on Friday, reaching $59.93. The stock had a trading volume of 9,144,823 shares, compared to its average volume of 4,843,721. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The stock has a market capitalization of $51.15 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 1.30 and a beta of 0.60. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.46. The stock has a 50-day simple moving average of $59.68 and a 200 day simple moving average of $56.56.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 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 the consensus estimate of $3.73 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The firm's 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. Analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current fiscal 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 given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy's payout ratio is currently 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.