Mn Services Vermogensbeheer B.V. Acquires 6,200 Shares of Dominion Energy Inc. $D

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Dominion Energy Inc. by 4.2%, acquiring an additional 6,200 shares, bringing its total holdings to 155,100 shares valued at approximately $8.77 million.
• Dominion Energy recently declared a quarterly dividend of $0.6675 per share, with an annualized yield of 4.5% and a payout ratio of 92.07%.
• Dominion Energy's latest earnings report showed $0.75 earnings per share, missing estimates, while revenue grew 9.3% year-over-year, reaching $3.81 billion.

Mn Services Vermogensbeheer B.V. grew its position in Dominion Energy Inc. (NYSE:D - Free Report) by 4.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 155,100 shares of the utilities provider's stock after purchasing an additional 6,200 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Dominion Energy were worth $8,766,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sowell Financial Services LLC acquired a new position in Dominion Energy during the 1st quarter valued at about $314,000. QRG Capital Management Inc. increased its stake in Dominion Energy by 13.8% during the 1st quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider's stock worth $503,000 after purchasing an additional 1,087 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Dominion Energy by 114.8% during the 1st quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock worth $680,000 after purchasing an additional 6,462 shares in the last quarter. Bessemer Group Inc. boosted its position in Dominion Energy by 7.0% during the 1st quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider's stock worth $527,000 after acquiring an additional 616 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its position in Dominion Energy by 222.7% during the 1st quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider's stock worth $51,000 after acquiring an additional 628 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Insiders Place Their Bets

In related news, CEO Robert M. Blue purchased 4,152 shares of the firm's 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 purchase, the chief executive officer 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.11% of the company's stock.

Dominion Energy Trading Up 0.3%

Shares of D stock opened at $59.93 on Friday. The stock's 50-day moving average price is $59.68 and its 200-day moving average price is $56.54. 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 stock has a market capitalization of $51.15 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 1.30 and a beta of 0.60.

Dominion Energy (NYSE:D - Get Free Report) last posted 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). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The company had revenue of $3.81 billion for the quarter, compared to analysts' expectations of $3.73 billion. During the same quarter in the prior year, the company earned $0.65 EPS. The firm's quarterly 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. Equities research analysts predict 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 paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.5%. Dominion Energy's dividend payout ratio (DPR) is currently 92.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on D shares. Morgan Stanley cut their price objective 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. JPMorgan Chase & Co. increased their price objective on Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $59.83.

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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