Hennessy Advisors Inc. Purchases 20,200 Shares of Dominion Energy Inc. $D

Key Points

• Hennessy Advisors Inc. increased its stake in Dominion Energy Inc. by 31.4%, acquiring an additional 20,200 shares, bringing its total holdings to 84,477 shares worth approximately $4.78 million.
• Dominion Energy reported a quarterly earnings miss of $0.75 per share, below the expected $0.77, with quarterly revenue rising 9.3% year-over-year to $3.81 billion.
• The company declared a quarterly dividend of $0.6675 per share, yielding 4.3%, with a dividend payout ratio of 92.07% as of the latest reporting period.

Hennessy Advisors Inc. grew its position in Dominion Energy Inc. (NYSE:D - Free Report) by 31.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,477 shares of the utilities provider's stock after purchasing an additional 20,200 shares during the period. Hennessy Advisors Inc.'s holdings in Dominion Energy were worth $4,775,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in D. Brighton Jones LLC lifted its position in shares of Dominion Energy by 64.3% during the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock worth $489,000 after buying an additional 3,553 shares in the last quarter. NBC Securities Inc. lifted its holdings in Dominion Energy by 196,200.0% during the first quarter. NBC Securities Inc. now owns 1,963 shares of the utilities provider's stock worth $110,000 after acquiring an additional 1,962 shares during the period. Merit Financial Group LLC boosted its position in Dominion Energy by 26.3% in the first quarter. Merit Financial Group LLC now owns 15,429 shares of the utilities provider's stock worth $865,000 after purchasing an additional 3,213 shares during the last quarter. RFG Advisory LLC bought a new position in Dominion Energy in the 1st quarter valued at $374,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Dominion Energy by 49.9% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,628 shares of the utilities provider's stock valued at $147,000 after purchasing an additional 875 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

NYSE D opened at $61.57 on Friday. The firm has a market cap of $52.55 billion, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 1.34 and a beta of 0.62. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The company's 50 day moving average is $60.25 and its 200-day moving average is $56.98. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.46.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $3.73 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The firm's quarterly 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. Sell-side analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.3%. Dominion Energy's dividend payout ratio is 92.07%.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on D shares. Morgan Stanley cut their price target on shares of Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Dominion Energy in a research report on Saturday, September 27th. Finally, JPMorgan Chase & Co. increased 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. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $60.33.

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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