Generali Asset Management SPA SGR Acquires 11,505 Shares of Dominion Energy Inc. $D

Key Points

• Generali Asset Management SPA SGR increased its stake in Dominion Energy Inc. by 49.4%, acquiring an additional 11,505 shares, bringing its total holdings to 34,790 shares valued at approximately $1.97 million.
• Despite missing earnings expectations with an EPS of $0.75 against a forecast of $0.77, the company reported a 9.3% increase in quarterly revenue year-over-year, totaling $3.81 billion.
• Dominion Energy announced a quarterly dividend of $0.6675 per share, maintaining an annualized dividend yield of 4.4% while facing a dividend payout ratio of 92.07%.

Generali Asset Management SPA SGR raised its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 49.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,790 shares of the utilities provider's stock after purchasing an additional 11,505 shares during the period. Generali Asset Management SPA SGR's holdings in Dominion Energy were worth $1,966,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. AlphaQuest LLC acquired a new position in shares of Dominion Energy during the first quarter worth $27,000. VSM Wealth Advisory LLC acquired a new position in shares of Dominion Energy during the first quarter worth $28,000. Dagco Inc. acquired a new position in shares of Dominion Energy during the first quarter worth $31,000. ANTIPODES PARTNERS Ltd acquired a new position in shares of Dominion Energy during the first quarter worth $34,000. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Dominion Energy during the first quarter worth $34,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Price Performance

NYSE:D opened at $60.65 on Friday. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.52. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. The firm has a market cap of $51.76 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.34 and a beta of 0.62. The firm's fifty day moving average is $60.46 and its two-hundred day moving average is $57.37.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly 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). 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 analysts' expectations of $3.73 billion. During the same period in the previous year, the company posted $0.65 earnings per share. Dominion Energy's revenue for the quarter was up 9.3% compared to the same quarter last year. 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 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy's dividend payout ratio is presently 92.07%.

Insider Buying and Selling

In other Dominion Energy news, CEO Robert M. Blue purchased 4,152 shares of the stock in a transaction on Wednesday, August 27th. The shares were bought at an average cost of $60.35 per share, with a total value of $250,573.20. Following the completion of the acquisition, the chief executive officer owned 161,237 shares in the company, valued at $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.11% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on D shares. JPMorgan Chase & Co. upped their price target on Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a research report on Thursday, August 21st. Morgan Stanley cut their target price on Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Evercore ISI assumed coverage on Dominion Energy in a research report on Tuesday, October 7th. They issued an "in-line" rating and a $67.00 target price on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Finally, Barclays upped their target price on Dominion Energy from $60.00 to $63.00 and gave the company an "overweight" rating in a research report on Tuesday, October 7th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $62.00.

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.

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