XTX Topco Ltd Increases Stock Position in Dominion Energy Inc. (NYSE:D)

Key Points

• XTX Topco Ltd significantly increased its holdings in Dominion Energy Inc. by 944.5%, acquiring an additional 57,334 shares, bringing its total to 63,404 shares valued at $3.55 million.
• Dominion Energy reported earnings of $0.93 per share for the latest quarter, surpassing analysts' expectations of $0.82, alongside a revenue of $4.08 billion, which is a 12.2% year-over-year increase.
• The company declared a quarterly dividend of $0.6675 per share, with an annualized dividend yield of 4.60%, while maintaining a payout ratio of 100%.

XTX Topco Ltd grew its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 944.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,404 shares of the utilities provider's stock after purchasing an additional 57,334 shares during the period. XTX Topco Ltd's holdings in Dominion Energy were worth $3,555,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Banque Cantonale Vaudoise acquired a new stake in shares of Dominion Energy during the 1st quarter worth approximately $1,692,000. GSA Capital Partners LLP acquired a new stake in shares of Dominion Energy during the 1st quarter worth approximately $1,752,000. Federated Hermes Inc. boosted its position in shares of Dominion Energy by 262.5% during the 1st quarter. Federated Hermes Inc. now owns 6,199 shares of the utilities provider's stock worth $348,000 after acquiring an additional 4,489 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Dominion Energy during the 1st quarter worth approximately $34,000. Finally, TCTC Holdings LLC boosted its position in shares of Dominion Energy by 1.8% during the 1st quarter. TCTC Holdings LLC now owns 14,028 shares of the utilities provider's stock worth $787,000 after acquiring an additional 247 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price 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. Morgan Stanley lowered their target price 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $58.88.

Dominion Energy Trading Down 0.6%

Shares of Dominion Energy stock traded down $0.33 during trading on Wednesday, reaching $58.33. The company's stock had a trading volume of 4,089,355 shares, compared to its average volume of 3,838,291. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $61.97. The company has a market cap of $49.74 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 1.27 and a beta of 0.56. The firm's 50-day moving average is $56.56 and its two-hundred day moving average is $55.29. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same period in the prior year, the business posted $0.55 EPS. The firm's revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were paid a $0.6675 dividend. The ex-dividend date was Thursday, May 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.58%. Dominion Energy's payout ratio is 100.00%.

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.