Quantitative Investment Management LLC lowered its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 73.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,444 shares of the utilities provider's stock after selling 20,306 shares during the quarter. Quantitative Investment Management LLC's holdings in Dominion Energy were worth $417,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also bought and sold shares of the stock. Orion Capital Management LLC purchased a new position in shares of Dominion Energy during the 4th quarter valued at about $27,000. Park Square Financial Group LLC purchased a new position in shares of Dominion Energy during the 4th quarter valued at about $27,000. AlphaQuest LLC purchased a new position in shares of Dominion Energy during the 1st quarter valued at about $27,000. VSM Wealth Advisory LLC purchased a new position in shares of Dominion Energy during the 1st quarter valued at about $28,000. Finally, Navigoe LLC bought a new position in Dominion Energy in the 4th quarter worth $29,000. Institutional investors own 73.04% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on D shares. 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 report on Wednesday, June 18th. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a research note on Thursday, August 21st. One 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. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $59.57.
Read Our Latest Stock Analysis on D
Insider Buying and Selling
In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of Dominion Energy stock in a transaction on Wednesday, August 27th. The shares were acquired at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the purchase, the chief executive officer directly owned 161,237 shares in the company, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is owned by company insiders.
Dominion Energy Price Performance
Shares of NYSE D traded up $0.08 during mid-day trading on Friday, hitting $59.89. 4,254,041 shares of the company's stock traded hands, compared to its average volume of 5,291,592. The company's 50-day moving average is $58.74 and its two-hundred day moving average is $56.20. 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 company has a market capitalization of $51.11 billion, a P/E ratio of 20.65, a PEG ratio of 1.31 and a beta of 0.57. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.46.
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 the consensus estimate of $0.77 by ($0.02). The business had revenue of $3.81 billion for the quarter, compared to analysts' expectations of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, equities analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.
Dominion Energy Dividend Announcement
The firm also recently disclosed 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. The ex-dividend date is Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.5%. Dominion Energy's payout ratio is presently 92.07%.
About Dominion Energy
(
Free Report)
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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