Integrated Investment Consultants LLC Invests $236,000 in Dominion Energy Inc. $D

Key Points

• Integrated Investment Consultants LLC invested $236,000 in Dominion Energy, acquiring 4,211 shares of the company.
• A number of institutional investors have increased their stakes in Dominion Energy, with Vanguard Group now owning over $5 billion worth of shares.
• Analysts have mixed opinions on Dominion Energy, with a consensus rating of "Hold" and a target price of $59.14 amid recent earnings that missed estimates.

Integrated Investment Consultants LLC acquired a new position in Dominion Energy Inc. (NYSE:D - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,211 shares of the utilities provider's stock, valued at approximately $236,000.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Dominion Energy by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider's stock worth $5,106,823,000 after purchasing an additional 1,565,459 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Dominion Energy by 19.4% in the 1st quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider's stock worth $994,917,000 after purchasing an additional 2,882,252 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Dominion Energy by 6.3% in the 1st quarter. Bank of New York Mellon Corp now owns 15,878,683 shares of the utilities provider's stock worth $890,318,000 after purchasing an additional 939,835 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Dominion Energy by 12.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider's stock worth $790,092,000 after purchasing an additional 1,552,985 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Dominion Energy by 2.9% during the 4th quarter. Bank of America Corp DE now owns 11,946,195 shares of the utilities provider's stock worth $643,422,000 after acquiring an additional 336,747 shares during the period. Institutional investors and hedge funds own 73.04% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Morgan Stanley lowered their price target on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. JPMorgan Chase & Co. lifted their price target on Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $59.14.

Dominion Energy Trading Up 0.3%

Shares of Dominion Energy stock opened at $61.4990 on Thursday. The firm has a market capitalization of $52.49 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.33 and a beta of 0.57. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.46. 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 stock has a 50 day moving average of $58.04 and a 200 day moving average of $55.96.

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 the consensus estimate of $0.77 by ($0.02). The business had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The company's revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, research analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, September 5th. Dominion Energy's dividend 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.

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