Truvestments Capital LLC Increases Holdings in Dominion Energy Inc. $D

Key Points

• Truvestments Capital LLC dramatically increased its stake in Dominion Energy by 1,770.7% during the first quarter, now holding 61,190 shares worth approximately $3.43 million.
• Dominion Energy reported Q2 earnings of $0.75 per share, missing estimates, but saw revenue growth of 9.3% year-over-year, totaling $3.81 billion.
• The company announced a quarterly dividend of $0.6675 per share, with a dividend yield of 4.5% and a payout ratio of approximately 92.07%.

Truvestments Capital LLC grew its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 1,770.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,190 shares of the utilities provider's stock after acquiring an additional 57,919 shares during the period. Truvestments Capital LLC's holdings in Dominion Energy were worth $3,431,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in D. Brighton Jones LLC raised its position in Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock worth $489,000 after acquiring an additional 3,553 shares during the period. Kovitz Investment Group Partners LLC raised its position in Dominion Energy by 5.7% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 17,920 shares of the utilities provider's stock worth $965,000 after acquiring an additional 967 shares during the period. Optiver Holding B.V. raised its position in Dominion Energy by 33.6% in the fourth quarter. Optiver Holding B.V. now owns 3,253 shares of the utilities provider's stock worth $175,000 after acquiring an additional 819 shares during the period. Northern Trust Corp raised its position in Dominion Energy by 16.7% in the fourth quarter. Northern Trust Corp now owns 9,315,991 shares of the utilities provider's stock worth $501,759,000 after acquiring an additional 1,330,459 shares during the period. Finally, Lido Advisors LLC increased its stake in shares of Dominion Energy by 26.4% in the fourth quarter. Lido Advisors LLC now owns 26,909 shares of the utilities provider's stock worth $1,449,000 after purchasing an additional 5,613 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Price Performance

D traded up $0.08 during trading on Friday, hitting $59.89. 4,254,041 shares of the company traded hands, compared to its average volume of 5,021,105. The company has a market cap of $51.11 billion, a PE ratio of 20.65, a P/E/G ratio of 1.30 and a beta of 0.57. The stock'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 1 year low of $48.07 and a 1 year high of $62.46. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

Dominion Energy (NYSE:D - Get Free Report) last posted 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). The company 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 business's revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, sell-side analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy's dividend payout ratio (DPR) is presently 92.07%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on D shares. Morgan Stanley reduced 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 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 stock an "underweight" rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $59.57.

Insiders Place Their Bets

In related news, CEO Robert M. Blue bought 4,152 shares of the business's stock in a transaction that occurred 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 approximately $9,730,652.95. The trade was a 2.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.11% of the company's stock.

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.