MetLife Investment Management LLC Decreases Position in Dominion Energy Inc. $D

Key Points

• MetLife Investment Management LLC reduced its stake in Dominion Energy by 1.9%, now holding 218,138 shares valued at approximately $12.23 million.
• Dominion Energy reported a miss in earnings for the last quarter with EPS of $0.75, below the expected $0.77, although its revenue increased to $3.81 billion.
• The company declared a quarterly dividend of $0.6675, which reflects an annualized yield of 4.4% with a payout ratio of 92.07%.

MetLife Investment Management LLC lowered its stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 218,138 shares of the utilities provider's stock after selling 4,158 shares during the quarter. MetLife Investment Management LLC's holdings in Dominion Energy were worth $12,231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Orion Capital Management LLC acquired a new stake in Dominion Energy in the 4th quarter valued at about $27,000. Park Square Financial Group LLC acquired a new position in Dominion Energy during the 4th quarter worth approximately $27,000. AlphaQuest LLC purchased a new stake in shares of Dominion Energy in the 1st quarter valued at approximately $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Dominion Energy in the 1st quarter valued at $28,000. Finally, Navigoe LLC purchased a new stake in shares of Dominion Energy during the 4th quarter worth $29,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of NYSE D opened at $60.22 on Tuesday. The stock has a market cap of $51.39 billion, a P/E ratio of 20.77, a P/E/G ratio of 1.34 and a beta of 0.57. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.46. The stock has a 50 day moving average of $58.39 and a two-hundred day moving average of $56.11. 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 announced its 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). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The business had revenue of $3.81 billion for the quarter, compared to analysts' expectations of $3.73 billion. During the same quarter last year, the business posted $0.65 earnings per share. The business's revenue was up 9.3% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, research analysts forecast 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. Shareholders of record on Friday, September 5th will be paid a $0.6675 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy's payout ratio is currently 92.07%.

Analyst Ratings Changes

A number of analysts have weighed in on D shares. JPMorgan Chase & Co. raised their price target on Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a research note on Thursday, August 21st. 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 report on Wednesday, June 18th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of "Hold" and an average target price of $59.57.

Dominion Energy 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.

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