Federation des caisses Desjardins du Quebec Has $1.28 Million Stock Holdings in Dominion Energy Inc. $D

Key Points

• The Federation des caisses Desjardins du Quebec increased its holdings in Dominion Energy Inc. by 63.7%, holding 22,866 shares valued at $1.28 million.
• Dominion Energy's stock reported a 1.1% decrease recently and has a market cap of approximately $49.65 billion with a P/E ratio of 20.06.
• Dominion Energy announced a quarterly dividend of $0.6675 per share, translating to a yield of 4.6% and a payout ratio of 92.07%.

Federation des caisses Desjardins du Quebec grew its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 63.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,866 shares of the utilities provider's stock after acquiring an additional 8,901 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Dominion Energy were worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Dynamic Advisor Solutions LLC boosted its position in shares of Dominion Energy by 3.3% in the first quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider's stock valued at $338,000 after acquiring an additional 193 shares during the period. Centre Asset Management LLC boosted its position in shares of Dominion Energy by 3.3% in the first quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider's stock valued at $350,000 after acquiring an additional 198 shares during the period. Cornerstone Wealth Group LLC boosted its position in shares of Dominion Energy by 1.1% in the first quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider's stock valued at $1,022,000 after acquiring an additional 202 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of Dominion Energy by 4.6% in the first quarter. Verdence Capital Advisors LLC now owns 4,688 shares of the utilities provider's stock valued at $263,000 after acquiring an additional 208 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its position in shares of Dominion Energy by 40.2% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 729 shares of the utilities provider's stock valued at $41,000 after acquiring an additional 209 shares during the period. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Down 1.1%

Shares of D stock opened at $58.17 on Monday. The stock has a market cap of $49.65 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 1.26 and a beta of 0.60. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.46. The stock has a fifty day moving average price of $59.19 and a 200 day moving average price of $56.34. 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 (NYSE:D - Get Free Report) last issued its earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). The firm 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 firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.6%. The ex-dividend date is Friday, September 5th. Dominion Energy's dividend payout ratio is currently 92.07%.

Insider Transactions at Dominion Energy

In related news, CEO Robert M. Blue acquired 4,152 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was purchased at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the purchase, the chief executive officer directly 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on D shares. Morgan Stanley reduced their price objective 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 target price 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 investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $59.57.

Dominion Energy Company 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.

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