Dominion Energy Inc. $D Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC reduced its holdings in Dominion Energy Inc. by 4.4% in Q1, owning approximately 2,025,724 shares valued at $113.38 million.
• Dominion Energy reported a quarterly earnings of $0.75 EPS, missing analysts' expectations of $0.77, despite a revenue increase of 9.3% year-over-year.
• The company announced a quarterly dividend of $0.6675 per share, with an annual yield of 4.3% and a payout ratio of 92.07%.

Hsbc Holdings PLC reduced its position in Dominion Energy Inc. (NYSE:D - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,025,724 shares of the utilities provider's stock after selling 92,312 shares during the quarter. Hsbc Holdings PLC owned approximately 0.24% of Dominion Energy worth $113,384,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Dominion Energy by 450.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after buying an additional 378 shares in the last quarter. Orion Capital Management LLC acquired a new position in shares of Dominion Energy during the fourth quarter worth about $27,000. Park Square Financial Group LLC acquired a new position in shares of Dominion Energy during the fourth quarter worth about $27,000. VSM Wealth Advisory LLC acquired a new position in shares of Dominion Energy during the first quarter worth about $28,000. Finally, Navigoe LLC acquired a new position in shares of Dominion Energy during the fourth quarter worth about $29,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

D has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective 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 decreased their target price on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $59.57.

Dominion Energy Stock Performance

NYSE D traded down $0.92 on Tuesday, reaching $59.27. The stock had a trading volume of 1,333,054 shares, compared to its average volume of 5,286,877. 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 12-month low of $48.07 and a 12-month high of $62.46. The business's 50-day moving average price is $58.39 and its 200 day moving average price is $56.11. The stock has a market cap of $50.58 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 1.34 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last issued 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 firm 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 EPS. Dominion Energy's quarterly revenue 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. As a group, equities analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders of record on Friday, September 5th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.5%. Dominion Energy's payout ratio is presently 92.07%.

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.