Ieq Capital LLC Purchases 49,268 Shares of Dominion Energy Inc. $D

Key Points

• Ieq Capital LLC increased its stake in Dominion Energy Inc. by 104.6% during the first quarter, now owning over 96,000 shares valued at approximately $5.4 million.
• CEO Robert M. Blue purchased 4,152 shares of Dominion Energy, increasing his holdings by 2.64% to approximately $9.73 million.
• Dominion Energy recently declared a dividend of $0.6675 per share, with an annualized dividend yield of 4.5% and a payout ratio of 92.07%.

Ieq Capital LLC increased its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 104.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 96,376 shares of the utilities provider's stock after buying an additional 49,268 shares during the quarter. Ieq Capital LLC's holdings in Dominion Energy were worth $5,404,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of Dominion Energy by 64.3% in the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock worth $489,000 after acquiring an additional 3,553 shares during the last quarter. Lido Advisors LLC raised its stake in shares of Dominion Energy by 26.4% in the fourth quarter. Lido Advisors LLC now owns 26,909 shares of the utilities provider's stock worth $1,449,000 after purchasing an additional 5,613 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its stake in shares of Dominion Energy by 2.4% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 9,818 shares of the utilities provider's stock worth $529,000 after purchasing an additional 228 shares during the last quarter. Eagle Strategies LLC raised its position in Dominion Energy by 6.0% in the 4th quarter. Eagle Strategies LLC now owns 3,759 shares of the utilities provider's stock valued at $202,000 after buying an additional 212 shares during the last quarter. Finally, Acorn Financial Advisory Services Inc. ADV raised its position in Dominion Energy by 2.7% in the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 15,055 shares of the utilities provider's stock valued at $811,000 after buying an additional 389 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on D. Morgan Stanley lowered their target price on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. 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 report on Thursday, August 21st. One research 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's stock. Based on data from MarketBeat.com, Dominion Energy presently has an average rating of "Hold" and a consensus price target of $59.57.

Dominion Energy Price Performance

Shares of NYSE:D traded up $0.08 during trading on Monday, reaching $59.89. The company had a trading volume of 4,254,041 shares, compared to its average volume of 4,851,146. The company has a fifty day moving average of $58.94 and a two-hundred day moving average of $56.25. The stock has a market capitalization of $51.11 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 1.30 and a beta of 0.60. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.46. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS 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 the consensus estimate of $3.73 billion. During the same period in the prior year, the company earned $0.65 EPS. The firm's 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. Equities research analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

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

Insiders Place Their Bets

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

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.