Vident Advisory LLC Purchases 8,113 Shares of Dominion Energy Inc. $D

Key Points

• Vident Advisory LLC increased its investment in Dominion Energy by 49.5%, acquiring an additional 8,113 shares to bring its total holdings to 24,493 shares, valued at approximately $1.37 million.
• Dominion Energy's recent earnings report showed a missed EPS estimate of $0.75 compared to the expected $0.77, despite generating $3.81 billion in revenue, an increase of 9.3% from the prior year.
• The company set a quarterly dividend of $0.6675 per share, representing an annual yield of 4.5%, with the ex-dividend date scheduled for September 5th.

Vident Advisory LLC raised its stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 49.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,493 shares of the utilities provider's stock after purchasing an additional 8,113 shares during the quarter. Vident Advisory LLC's holdings in Dominion Energy were worth $1,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of D. Orion Capital Management LLC bought a new stake in Dominion Energy during the fourth quarter valued at approximately $27,000. Park Square Financial Group LLC bought a new stake in Dominion Energy during the fourth quarter valued at approximately $27,000. AlphaQuest LLC bought a new stake in Dominion Energy during the first quarter valued at approximately $27,000. VSM Wealth Advisory LLC bought a new stake in shares of Dominion Energy in the 1st quarter worth approximately $28,000. Finally, Dagco Inc. purchased a new position in shares of Dominion Energy in the first quarter worth $31,000. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

D has been the topic of several analyst reports. Morgan Stanley decreased their target price on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. JPMorgan Chase & Co. lifted their target price 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 research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of "Hold" and a consensus target price of $59.57.

Dominion Energy Trading Down 1.1%

Dominion Energy stock traded down $0.62 during mid-day trading on Friday, reaching $58.17. 4,895,356 shares of the company traded hands, compared to its average volume of 4,161,962. 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 firm's 50 day moving average price is $59.19 and its 200 day moving average price is $56.34. The firm has a market capitalization of $49.65 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 1.26 and a beta of 0.60. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.46.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm 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 $0.6675 dividend. 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 4.6%. Dominion Energy's dividend payout ratio is currently 92.07%.

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of Dominion Energy stock in a transaction dated Wednesday, August 27th. The shares were purchased at an average cost of $60.35 per share, with a total value of $250,573.20. Following the transaction, the chief executive officer directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by corporate insiders.

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.