MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Purchases Shares of 259,979 Dominion Energy Inc. $D

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH has acquired approximately 259,979 shares of Dominion Energy, valued at around $14.7 million.
• CEO Robert M. Blue purchased 4,152 shares at an average cost of $60.35, increasing his total holdings to 161,237 shares.
• JPMorgan and Morgan Stanley recently adjusted their price targets on Dominion Energy, with a consensus target price of $59.83 and an average rating of "Hold."

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in Dominion Energy Inc. (NYSE:D - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 259,979 shares of the utilities provider's stock, valued at approximately $14,694,000.

Other large investors have also recently made changes to their positions in the company. Maridea Wealth Management LLC boosted its stake in shares of Dominion Energy by 2.1% during the 2nd quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider's stock worth $505,000 after purchasing an additional 183 shares during the period. Private Client Services LLC boosted its position in Dominion Energy by 3.1% in the 2nd quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider's stock valued at $352,000 after buying an additional 188 shares during the period. Dynamic Advisor Solutions LLC boosted its position in Dominion Energy by 3.3% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider's stock valued at $338,000 after buying an additional 193 shares during the period. Centre Asset Management LLC boosted its position in Dominion Energy by 3.3% in the 1st quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider's stock valued at $350,000 after buying an additional 198 shares during the period. Finally, Cornerstone Wealth Group LLC boosted its position in Dominion Energy by 1.1% in the 1st quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider's stock valued at $1,022,000 after buying an additional 202 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Insider Transactions 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 shares were purchased at an average cost of $60.35 per share, with a total value of $250,573.20. Following the completion of the acquisition, the chief executive officer owned 161,237 shares of the company's stock, valued at approximately $9,730,652.95. This represents a 2.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.11% of the company's stock.

Analyst Ratings Changes

D has been the subject of several research reports. JPMorgan Chase & Co. upped their price target on shares of 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 lowered their price target on shares of 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. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $59.83.

Dominion Energy Trading Down 0.1%

Shares of Dominion Energy stock opened at $61.07 on Thursday. 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 Inc. has a 12-month low of $48.07 and a 12-month high of $62.46. The firm has a market capitalization of $52.12 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.33 and a beta of 0.60. The firm's 50 day simple moving average is $59.90 and its two-hundred day simple moving average is $56.67.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). The company had revenue of $3.81 billion for the quarter, compared to analyst estimates 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 for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy's dividend payout ratio is 92.07%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.