Focus Partners Advisor Solutions LLC Increases Stake in Dominion Energy Inc. $D

Key Points

• Focus Partners Advisor Solutions LLC increased its holdings in Dominion Energy Inc. by 58.1%, now owning 15,665 shares valued at approximately $878,000.
• CEO Robert M. Blue purchased 4,152 shares of Dominion Energy stock, increasing his holdings to 161,237 shares, valued at about $9.7 million.
• Dominion Energy announced a quarterly dividend of $0.6675 per share, with an annualized yield of 4.5%, reflecting a high payout ratio of 92.07%.

Focus Partners Advisor Solutions LLC grew its position in Dominion Energy Inc. (NYSE:D - Free Report) by 58.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,665 shares of the utilities provider's stock after acquiring an additional 5,757 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Dominion Energy were worth $878,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AlphaQuest LLC bought a new position in Dominion Energy in the first quarter valued at approximately $27,000. Orion Capital Management LLC purchased a new position in Dominion Energy in the fourth quarter valued at about $27,000. VSM Wealth Advisory LLC purchased a new stake in Dominion Energy in the 1st quarter worth approximately $28,000. Park Square Financial Group LLC bought a new position in shares of Dominion Energy in the 4th quarter worth $27,000. Finally, Dagco Inc. bought a new stake in Dominion Energy in the 1st quarter worth $31,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dominion Energy

In other news, CEO Robert M. Blue purchased 4,152 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were purchased at an average cost of $60.35 per share, with a total value 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. 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 the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Dominion Energy Trading Down 0.4%

Shares of D stock traded down $0.25 during trading hours on Monday, hitting $57.94. The company had a trading volume of 5,232,452 shares, compared to its average volume of 5,267,612. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.46. The company's fifty day moving average is $59.19 and its 200 day moving average is $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. The stock has a market capitalization of $49.45 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 1.26 and a beta of 0.60.

Dominion Energy (NYSE:D - Get Free Report) last issued 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). The firm had revenue of $3.81 billion for the quarter, compared to analysts' expectations of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Research analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be issued a $0.6675 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.67 annualized dividend and a yield of 4.6%. Dominion Energy's dividend payout ratio (DPR) is currently 92.07%.

Analyst Ratings Changes

D has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of 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 shares of 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. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.