PharVision Advisers LLC Acquires New Position in Dominion Energy Inc. $D

Key Points

• PharVision Advisers LLC has acquired a new stake in Dominion Energy Inc., purchasing 4,960 shares valued at around $278,000.
• Several institutional investors have increased their holdings in Dominion Energy, with AQR Capital Management raising its stake by a remarkable 588.9%.
• Dominion Energy recently announced a quarterly dividend of $0.6675, representing a yield of 4.6% and a payout ratio of 92.07%.

PharVision Advisers LLC acquired a new stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,960 shares of the utilities provider's stock, valued at approximately $278,000.

Several other large investors have also modified their holdings of the business. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Dominion Energy by 1.4% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 103,843 shares of the utilities provider's stock valued at $5,822,000 after purchasing an additional 1,406 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Dominion Energy by 7.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 39,771 shares of the utilities provider's stock valued at $2,230,000 after purchasing an additional 2,798 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Dominion Energy by 588.9% in the 1st quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider's stock valued at $109,678,000 after purchasing an additional 1,687,819 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its holdings in shares of Dominion Energy by 63.7% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 22,866 shares of the utilities provider's stock valued at $1,282,000 after purchasing an additional 8,901 shares in the last quarter. Finally, Dark Forest Capital Management LP raised its holdings in shares of Dominion Energy by 106.7% in the 1st quarter. Dark Forest Capital Management LP now owns 104,751 shares of the utilities provider's stock valued at $5,873,000 after purchasing an additional 54,072 shares in the last quarter. Institutional investors own 73.04% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on D. JPMorgan Chase & Co. boosted their price target on shares of Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a report on Thursday, August 21st. Morgan Stanley reduced 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 report on Wednesday, June 18th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $59.57.

Insiders Place Their Bets

In related news, CEO Robert M. Blue bought 4,152 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were bought at an average price of $60.35 per share, with a total value of $250,573.20. Following the transaction, the chief executive officer owned 161,237 shares in the company, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company's stock.

Dominion Energy Stock Down 1.1%

Shares of Dominion Energy stock opened at $58.17 on Friday. The firm's 50 day moving average price is $59.19 and its 200-day moving average price is $56.34. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.46. The company has a market cap of $49.65 billion, a P/E ratio of 20.06, a PEG ratio of 1.26 and a beta of 0.60.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $3.73 billion. During the same period in the previous year, the firm 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. On average, sell-side analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

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 4.6%. Dominion Energy's payout ratio is presently 92.07%.

About Dominion Energy

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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