Vanguard Personalized Indexing Management LLC Purchases 17,204 Shares of Dominion Energy Inc. $D

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Dominion Energy by 14.7%, acquiring 17,204 additional shares, bringing its total holdings to 134,034 shares valued at approximately $7.58 million.
• Securities analysts have given Dominion Energy a consensus rating of "Hold" with an average target price of $62.00, with varying evaluations from firms such as Barclays and Morgan Stanley.
• Dominion Energy has declared a quarterly dividend of $0.6675, reflecting an annualized yield of 4.4%, with a dividend payout ratio of 92.07%.

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 14.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,034 shares of the utilities provider's stock after acquiring an additional 17,204 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Dominion Energy were worth $7,576,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Dominion Energy by 1.7% during the first quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider's stock worth $5,106,823,000 after acquiring an additional 1,565,459 shares in the last quarter. Dodge & Cox increased its position in shares of Dominion Energy by 3.0% during the first quarter. Dodge & Cox now owns 23,308,378 shares of the utilities provider's stock worth $1,306,901,000 after acquiring an additional 685,245 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Dominion Energy by 19.4% during the first quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider's stock worth $994,917,000 after acquiring an additional 2,882,252 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Dominion Energy by 6.3% during the first quarter. Bank of New York Mellon Corp now owns 15,878,683 shares of the utilities provider's stock worth $890,318,000 after acquiring an additional 939,835 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Dominion Energy by 12.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider's stock worth $790,092,000 after acquiring an additional 1,552,985 shares in the last quarter. Institutional investors own 73.04% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on D. Weiss Ratings reissued a "hold (c+)" rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Evercore ISI began coverage on shares of Dominion Energy in a report on Tuesday, October 7th. They set an "in-line" rating and a $67.00 target price for the company. Barclays increased their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "overweight" rating in a report on Tuesday, October 7th. Morgan Stanley reduced their target price on shares of Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a report on Thursday, August 21st. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $62.00.

Dominion Energy Stock Performance

Shares of D stock opened at $60.92 on Monday. The stock has a market cap of $51.99 billion, a P/E ratio of 21.01, a P/E/G ratio of 1.32 and a beta of 0.62. 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 fifty day moving average price of $60.46 and a two-hundred day moving average price of $57.23. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.46.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing analysts' consensus estimates 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 business's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, equities analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were paid a $0.6675 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy's dividend payout ratio (DPR) is currently 92.07%.

Insider Buying and Selling

In other news, CEO Robert M. Blue purchased 4,152 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was purchased 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 $9,730,652.95. The trade was a 2.64% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

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.

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