Strs Ohio Purchases New Stake in Dominion Energy Inc. $D

Key Points

• Strs Ohio has made a new investment of approximately $34.90 million in Dominion Energy, acquiring 622,450 shares during the first quarter.
• Dominion Energy's stock is currently rated as a "Hold" by analysts with an average price target of $59.57, following a recent drop in price objective by Morgan Stanley.
• The company has announced a quarterly dividend of $0.6675 per share, translating to an annualized yield of 4.4% with a payout ratio of 92.07%.

Strs Ohio purchased a new position in shares of Dominion Energy Inc. (NYSE:D - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 622,450 shares of the utilities provider's stock, valued at approximately $34,901,000. Strs Ohio owned approximately 0.07% of Dominion Energy as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in shares of Dominion Energy during the fourth quarter worth about $27,000. Park Square Financial Group LLC bought a new stake in shares of Dominion Energy in the 4th quarter valued at approximately $27,000. AlphaQuest LLC acquired a new stake in shares of Dominion Energy during the 1st quarter valued at approximately $27,000. VSM Wealth Advisory LLC bought a new position in Dominion Energy during the first quarter worth $28,000. Finally, Dagco Inc. bought a new stake in Dominion Energy during the first quarter valued at $31,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue acquired 4,152 shares of Dominion Energy stock in a transaction on Wednesday, August 27th. The stock was bought at an average cost of $60.35 per share, with a total value of $250,573.20. Following the completion of 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.11% of the company's stock.

Dominion Energy Price Performance

Shares of NYSE D traded up $0.58 during mid-day trading on Monday, reaching $60.63. 6,002,366 shares of the company traded hands, compared to its average volume of 5,287,990. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.46. The firm has a market cap of $51.74 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 1.30 and a beta of 0.60. The stock has a fifty day simple moving average of $59.41 and a 200-day simple moving average of $56.41. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Equities research analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders of record on Friday, September 5th will be given a dividend of $0.6675 per share. 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 4.4%. Dominion Energy's payout ratio is 92.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted 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. Morgan Stanley dropped their target price on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $59.57.

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.