Focus Partners Wealth Has $14.78 Million Stock Position in Dominion Energy Inc. $D

Key Points

• Focus Partners Wealth increased its stake in Dominion Energy Inc. by 59.7% in the first quarter, owning 263,545 shares valued at approximately $14.78 million.
• Dominion Energy recently reported quarterly earnings of $0.75 per share, missing analysts' expectations, but achieved a 9.3% year-over-year increase in revenue to $3.81 billion.
• The company declared a quarterly dividend of $0.6675 per share, representing a 4.4% yield, with the dividend payout ratio currently at 92.07%.

Focus Partners Wealth increased its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 59.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 263,545 shares of the utilities provider's stock after buying an additional 98,476 shares during the quarter. Focus Partners Wealth's holdings in Dominion Energy were worth $14,777,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Ransom Advisory Ltd acquired a new stake in shares of Dominion Energy in the 1st quarter valued at approximately $112,000. Glenview Trust co boosted its holdings in shares of Dominion Energy by 12.5% in the 1st quarter. Glenview Trust co now owns 11,257 shares of the utilities provider's stock valued at $631,000 after buying an additional 1,251 shares during the last quarter. SCS Capital Management LLC acquired a new stake in shares of Dominion Energy in the 1st quarter valued at approximately $642,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Dominion Energy by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,934,963 shares of the utilities provider's stock valued at $276,703,000 after buying an additional 228,738 shares during the last quarter. Finally, Woodline Partners LP boosted its holdings in shares of Dominion Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider's stock valued at $3,979,000 after buying an additional 20,522 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Up 0.1%

D opened at $60.09 on Friday. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.46. The stock's fifty day simple moving average is $59.41 and its 200 day simple moving average is $56.42. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The stock has a market cap of $51.28 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 1.30 and a beta of 0.60.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share 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 business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the company posted $0.65 EPS. 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. As a group, research analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, September 5th. This represents a $2.67 annualized dividend and a yield of 4.4%. Dominion Energy's dividend payout ratio (DPR) is presently 92.07%.

Analysts Set New Price Targets

D has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a report on Thursday, August 21st. Morgan Stanley dropped 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 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, Dominion Energy currently has a consensus rating of "Hold" and an average price target of $59.57.

Insiders Place Their Bets

In other news, CEO Robert M. Blue acquired 4,152 shares of the stock in a transaction on Wednesday, August 27th. The shares were purchased at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the transaction, the chief executive officer directly owned 161,237 shares of the company's stock, valued at approximately $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is owned by insiders.

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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