Dominion Energy Inc. $D Shares Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC increased its stake in Dominion Energy Inc. (NYSE:D) by 16.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,334 shares of the utilities provider’s stock after acquiring an additional 1,042 shares during the period. Simon Quick Advisors LLC’s holdings in Dominion Energy were worth $415,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. AlphaQuest LLC acquired a new stake in shares of Dominion Energy in the first quarter valued at $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Dominion Energy in the first quarter valued at $28,000. Dagco Inc. acquired a new stake in shares of Dominion Energy in the first quarter valued at $31,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Dominion Energy in the first quarter valued at $34,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of Dominion Energy in the first quarter valued at $34,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of D stock opened at $58.73 on Monday. The stock’s 50-day moving average is $60.22 and its two-hundred day moving average is $58.03. The firm has a market cap of $50.12 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.13 and a beta of 0.62. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.52. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.04. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.71 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders of record on Friday, December 5th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.5%. Dominion Energy’s dividend payout ratio (DPR) is presently 92.07%.

Insider Activity

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

Analyst Ratings Changes

D has been the topic of a number of analyst reports. Morgan Stanley raised their price target on Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. raised their price target on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. BTIG Research initiated coverage on Dominion Energy in a research note on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Evercore ISI initiated coverage on Dominion Energy in a research note on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price target on the stock. Finally, Barclays raised their price target on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $63.78.

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.