MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 12,993 Shares of Dominion Energy Inc. $D

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 3.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 384,499 shares of the utilities provider's stock after selling 12,993 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Dominion Energy were worth $21,538,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC raised its position in Dominion Energy by 7.6% during the first quarter. Integrated Wealth Concepts LLC now owns 39,771 shares of the utilities provider's stock worth $2,230,000 after acquiring an additional 2,798 shares during the last quarter. AQR Capital Management LLC raised its position in Dominion Energy by 588.9% during the first quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider's stock worth $109,678,000 after acquiring an additional 1,687,819 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its position in shares of Dominion Energy by 63.7% in the first quarter. Federation des caisses Desjardins du Quebec now owns 22,866 shares of the utilities provider's stock valued at $1,282,000 after buying an additional 8,901 shares during the last quarter. Dark Forest Capital Management LP raised its position in shares of Dominion Energy by 106.7% in the first quarter. Dark Forest Capital Management LP now owns 104,751 shares of the utilities provider's stock valued at $5,873,000 after buying an additional 54,072 shares during the last quarter. Finally, GW Henssler & Associates Ltd. raised its position in shares of Dominion Energy by 6.5% in the first quarter. GW Henssler & Associates Ltd. now owns 567,458 shares of the utilities provider's stock valued at $31,817,000 after buying an additional 34,593 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Insider Activity at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue acquired 4,152 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average price of $60.35 per share, with a total value of $250,573.20. Following the completion of the transaction, the chief executive officer owned 161,237 shares in the company, valued at $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.11% of the company's stock.

Wall Street Analyst Weigh In

D has been the subject of a number of analyst reports. Morgan Stanley cut their price objective 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. 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. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $59.57.

Dominion Energy Stock Up 0.1%

Shares of D stock traded up $0.08 during trading on Friday, hitting $60.09. 3,979,374 shares of the company were exchanged, compared to its average volume of 4,608,628. 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 firm has a market capitalization of $51.28 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 1.30 and a beta of 0.60. The business's 50-day simple moving average is $59.41 and its 200 day simple moving average is $56.42. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.46.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate 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 return on equity of 9.68% and a net margin of 16.45%.The business's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal 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 dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, September 5th. Dominion Energy's dividend payout ratio (DPR) is currently 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.