Retirement Planning Co of New England Inc. Invests $351,000 in Dominion Energy Inc. $D

Key Points

• Retirement Planning Co of New England Inc. invested approximately $351,000 in Dominion Energy, acquiring 6,252 shares in the first quarter.
• Dominion Energy's latest quarterly earnings report showed an EPS of $0.75, missing the expected $0.77, while revenue exceeded forecasts at $3.81 billion.
• The company announced a quarterly dividend of $0.6675 per share, with a yield of 4.5%, and a payout ratio currently at 92.07%.

Retirement Planning Co of New England Inc. bought a new stake in Dominion Energy Inc. (NYSE:D - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,252 shares of the utilities provider's stock, valued at approximately $351,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in shares of Dominion Energy by 19.4% in 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 buying an additional 2,882,252 shares during the last quarter. Nuveen LLC acquired a new position in shares of Dominion Energy in the first quarter valued at $96,723,000. Vanguard Group Inc. raised its position in shares of Dominion Energy by 1.7% in 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 purchasing an additional 1,565,459 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Dominion Energy by 12.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider's stock worth $790,092,000 after buying an additional 1,552,985 shares during the last quarter. Finally, Zimmer Partners LP bought a new stake in shares of Dominion Energy during the 4th quarter worth about $72,269,000. 73.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. 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. lifted their price target on Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a report on Thursday, August 21st. One research 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. Based on data from MarketBeat, the company 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 that occurred 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 acquisition, the chief executive officer directly owned 161,237 shares in the company, valued at $9,730,652.95. The trade was a 2.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.11% of the company's stock.

Dominion Energy Price Performance

Shares of D stock traded down $0.13 during trading on Thursday, hitting $58.79. The company had a trading volume of 5,583,406 shares, compared to its average volume of 5,279,697. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.46. The firm has a market capitalization of $50.18 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 1.30 and a beta of 0.60. 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 stock's 50-day moving average price is $59.07 and its 200 day moving average price is $56.29.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the previous year, the company earned $0.65 earnings per share. The firm'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. Equities analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders of record on Friday, September 5th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, September 5th. Dominion Energy's dividend payout ratio (DPR) is presently 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.