Hotchkis & Wiley Capital Management LLC Increases Stock Position in Dominion Energy Inc. $D

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Dominion Energy, owning 10,647,700 shares, valued at approximately $597 million, making it the firm's 12th largest holding.
• Dominion Energy recently reported a quarterly EPS of $0.75, missing expectations, while revenue increased by 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 payout ratio of 92.07% as of now.

Hotchkis & Wiley Capital Management LLC increased its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,647,700 shares of the utilities provider's stock after purchasing an additional 695,627 shares during the period. Dominion Energy accounts for about 2.0% of Hotchkis & Wiley Capital Management LLC's holdings, making the stock its 12th biggest holding. Hotchkis & Wiley Capital Management LLC owned approximately 1.25% of Dominion Energy worth $597,017,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock valued at $489,000 after purchasing an additional 3,553 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Dominion Energy by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,190,137 shares of the utilities provider's stock valued at $117,962,000 after purchasing an additional 45,144 shares during the period. OneDigital Investment Advisors LLC boosted its stake in shares of Dominion Energy by 9.0% in the fourth quarter. OneDigital Investment Advisors LLC now owns 23,460 shares of the utilities provider's stock valued at $1,264,000 after purchasing an additional 1,932 shares during the period. Kovitz Investment Group Partners LLC boosted its stake in shares of Dominion Energy by 5.7% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 17,920 shares of the utilities provider's stock valued at $965,000 after purchasing an additional 967 shares during the period. Finally, Capital Analysts LLC boosted its stake in shares of Dominion Energy by 18.6% in the fourth quarter. Capital Analysts LLC now owns 6,397 shares of the utilities provider's stock valued at $345,000 after purchasing an additional 1,004 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Down 0.5%

D stock traded down $0.32 during midday trading on Tuesday, reaching $59.87. 6,066,655 shares of the company were exchanged, compared to its average volume of 5,162,757. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.46. The stock's 50-day simple moving average is $58.39 and its 200 day simple moving average is $56.11. The company has a market cap of $51.09 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 1.31 and a beta of 0.57.

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 return on equity of 9.68% and a net margin of 16.45%.The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period in the previous year, the business posted $0.65 EPS. The firm'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. On average, equities analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.5%. Dominion Energy's dividend payout ratio (DPR) is 92.07%.

Wall Street Analysts Forecast Growth

D has been the topic of several analyst reports. Morgan Stanley reduced their target price on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price 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.