MBB Public Markets I LLC Invests $306,000 in Dominion Energy Inc. $D

Key Points

• MBB Public Markets I LLC acquired a new stake in Dominion Energy Inc., purchasing 5,462 shares valued at approximately $306,000 during the first quarter.
• Dominion Energy reported earnings of $0.75 per share for its latest quarter, slightly below analysts' expectations, but revenues increased 9.3% year-over-year to $3.81 billion.
• The company announced a quarterly dividend of $0.6675 per share, equating to an annual yield of 4.5% and a dividend payout ratio of 92.07%.

MBB Public Markets I LLC acquired a new stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,462 shares of the utilities provider's stock, valued at approximately $306,000.

A number of other institutional investors have also added to or reduced their stakes in the business. AlphaQuest LLC bought a new stake in shares of Dominion Energy during the 1st quarter valued at about $27,000. Orion Capital Management LLC bought a new stake in Dominion Energy during the fourth quarter valued at approximately $27,000. VSM Wealth Advisory LLC purchased a new position in Dominion Energy in the 1st quarter worth approximately $28,000. Park Square Financial Group LLC bought a new position in shares of Dominion Energy in the 4th quarter worth $27,000. Finally, Dagco Inc. purchased a new stake in shares of Dominion Energy during the 1st quarter valued at $31,000. 73.04% of the stock is currently owned by institutional investors.

Insider Activity at Dominion Energy

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley reduced their target price on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. JPMorgan Chase & Co. upped their price objective on Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a report on Thursday, August 21st. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Dominion Energy currently has a consensus rating of "Hold" and an average price target of $59.57.

Dominion Energy Trading Up 0.1%

NYSE D traded up $0.08 during trading on Friday, hitting $60.09. 3,979,374 shares of the company's stock traded hands, compared to its average volume of 4,608,628. The stock has a fifty day moving average of $59.41 and a two-hundred day moving average of $56.42. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.46. The firm has a market cap of $51.28 billion, a P/E ratio of 20.72, a PEG ratio of 1.30 and a beta of 0.60. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results 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). The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company's revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, sell-side analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The company 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 is Friday, September 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. Dominion Energy's dividend payout ratio (DPR) is currently 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.