Dominion Energy Inc. $D Shares Sold by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. significantly reduced its stake in Dominion Energy Inc., selling 209,628 shares and decreasing its holdings by 74.3%.
• Insider activity includes CEO Robert M. Blue purchasing 4,152 shares at an average price of $60.35, increasing his ownership of the stock.
• Dominion Energy has announced a quarterly dividend of $0.6675 per share, representing an annualized payout of $2.67 and a yield of 4.5%.

Northwestern Mutual Wealth Management Co. cut its position in Dominion Energy Inc. (NYSE:D - Free Report) by 74.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,415 shares of the utilities provider's stock after selling 209,628 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Dominion Energy were worth $4,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of D. Wellington Management Group LLP grew its stake in Dominion Energy by 19.4% during the first quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider's stock valued at $994,917,000 after acquiring an additional 2,882,252 shares in the last quarter. Nuveen LLC purchased a new position in Dominion Energy during the first quarter valued at $96,723,000. Vanguard Group Inc. grew its stake in Dominion Energy by 1.7% during the first quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider's stock valued at $5,106,823,000 after acquiring an additional 1,565,459 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Dominion Energy by 12.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider's stock valued at $790,092,000 after acquiring an additional 1,552,985 shares in the last quarter. Finally, Zimmer Partners LP purchased a new position in Dominion Energy during the fourth quarter valued at $72,269,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Up 0.1%

NYSE D traded up $0.08 during trading on Friday, reaching $59.89. 4,254,041 shares of the company's stock traded hands, compared to its average volume of 4,851,146. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The firm has a market cap of $51.11 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 1.30 and a beta of 0.60. The company's 50 day simple moving average is $58.86 and its two-hundred day simple moving average is $56.23. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.46.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business had revenue of $3.81 billion for the quarter, compared to analysts' expectations of $3.73 billion. During the same period last year, the business posted $0.65 EPS. The company's revenue for the quarter was up 9.3% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, sell-side analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders of record on Friday, September 5th will be given 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 dividend yield of 4.5%. Dominion Energy's payout ratio is presently 92.07%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on D shares. Morgan Stanley cut their target price on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and a consensus target price of $59.57.

Insider Activity

In other news, CEO Robert M. Blue acquired 4,152 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer directly owned 161,237 shares in the company, valued at approximately $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by insiders.

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.