Vestmark Advisory Solutions Inc. Purchases 48,871 Shares of Dominion Energy Inc. $D

Key Points

• Vestmark Advisory Solutions Inc. raised its holdings in Dominion Energy Inc. by 123% in the first quarter, resulting in a total of 88,590 shares valued at approximately $4.97 million.
• Dominion Energy recently announced a quarterly dividend of $0.6675 per share, set to be paid on September 20th, offering an annual yield of 4.4%.
• Despite a revenue increase of 9.3% year-over-year, Dominion Energy reported earnings of $0.75 per share, missing estimates by $0.02.

Vestmark Advisory Solutions Inc. lifted its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 123.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,590 shares of the utilities provider's stock after buying an additional 48,871 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Dominion Energy were worth $4,967,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in Dominion Energy by 450.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 378 shares in the last quarter. Orion Capital Management LLC acquired a new position in shares of Dominion Energy during the 4th quarter worth about $27,000. Park Square Financial Group LLC acquired a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Dominion Energy during the 1st quarter worth approximately $28,000. Finally, Navigoe LLC acquired a new stake in Dominion Energy in the 4th quarter valued at approximately $29,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

Shares of NYSE:D traded up $0.8760 on Tuesday, hitting $61.2760. 1,511,339 shares of the company were exchanged, compared to its average volume of 5,312,629. The company's 50 day moving average price is $57.81 and its two-hundred day moving average price is $55.88. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.26. 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 firm has a market capitalization of $52.30 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 1.33 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the company earned $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Research analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders 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 yield of 4.4%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy's payout ratio is presently 92.07%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on D. Morgan Stanley lowered their price objective on 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. increased their price target on shares of Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 15th. One investment 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 data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $59.14.

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.