Dominion Energy Inc. $D Holdings Boosted by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in Dominion Energy by 4.9%, now owning 4.93 million shares valued at approximately $276.7 million.
• Dominion Energy reported $0.75 EPS for its recent quarter, missing estimates by $0.02, while revenues rose 9.3% year-over-year.
• The company announced a quarterly dividend of $0.6675 per share, with a dividend yield of 4.5%, and a payout ratio of 92.07%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 4.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,934,963 shares of the utilities provider's stock after acquiring an additional 228,738 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.58% of Dominion Energy worth $276,703,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in D. Orion Capital Management LLC acquired a new position in shares of Dominion Energy during the fourth quarter worth $27,000. Park Square Financial Group LLC purchased a new stake in Dominion Energy during the 4th quarter worth $27,000. AlphaQuest LLC acquired a new position in Dominion Energy in the 1st quarter worth $27,000. VSM Wealth Advisory LLC purchased a new position in Dominion Energy in the 1st quarter valued at about $28,000. Finally, Dagco Inc. acquired a new stake in shares of Dominion Energy during the first quarter valued at about $31,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on D. JPMorgan Chase & Co. boosted their price target on Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a research note on Thursday, August 21st. Morgan Stanley dropped their price objective on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. One 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 MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $59.57.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue acquired 4,152 shares of Dominion Energy stock in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average cost 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 of the company's stock, valued at $9,730,652.95. This trade represents a 2.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.11% of the stock is owned by company insiders.

Dominion Energy Stock Up 0.1%

Shares of D stock traded up $0.08 during trading hours on Friday, hitting $60.09. 3,979,374 shares of the company were exchanged, compared to its average volume of 4,608,628. The stock has a market capitalization of $51.28 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 1.30 and a beta of 0.60. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.46. The business's 50-day simple moving average is $59.41 and its two-hundred day simple moving average is $56.42. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67.

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). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. 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 declared a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy's dividend payout ratio is currently 92.07%.

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.