Aberdeen Group plc Has $25.24 Million Stock Holdings in Dominion Energy Inc. $D

Aberdeen Group plc increased its holdings in Dominion Energy Inc. (NYSE:D) by 9.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 446,520 shares of the utilities provider’s stock after buying an additional 37,037 shares during the quarter. Aberdeen Group plc’s holdings in Dominion Energy were worth $25,237,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in D. Wellington Management Group LLP grew its stake in 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 buying an additional 2,882,252 shares during the last quarter. Nuveen LLC bought a new stake in Dominion Energy during the first quarter worth about $96,723,000. AQR Capital Management LLC grew its stake in Dominion Energy by 588.9% during the first quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider’s stock worth $109,678,000 after buying an additional 1,687,819 shares during the last quarter. Vanguard Group Inc. grew its stake in 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 buying an additional 1,565,459 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in 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 buying an additional 1,552,985 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of D stock opened at $61.34 on Tuesday. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.46. The stock has a market cap of $52.35 billion, a PE ratio of 21.15, a PEG ratio of 1.32 and a beta of 0.62. 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’s 50 day moving average price is $60.46 and its two-hundred day moving average price is $57.28.

Dominion Energy (NYSE:D) last announced 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). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the business posted $0.65 earnings per share. Dominion Energy’s 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. As a group, analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

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

Analyst Ratings Changes

Several analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. Evercore ISI started coverage on shares of Dominion Energy in a research note on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price target on the stock. Morgan Stanley decreased their price target on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Finally, Barclays increased their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $62.00.

Insiders Place Their Bets

In other news, CEO Robert M. Blue bought 4,152 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were bought at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the acquisition, the chief executive officer owned 161,237 shares in the company, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.11% of the company’s stock.

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.