Dominion Energy Inc. $D Shares Purchased by TIAA Trust National Association

TIAA Trust National Association grew its stake in shares of Dominion Energy Inc. (NYSE:D) by 17.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,993 shares of the utilities provider’s stock after purchasing an additional 5,612 shares during the quarter. TIAA Trust National Association’s holdings in Dominion Energy were worth $2,091,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in Dominion Energy by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock worth $5,106,823,000 after acquiring an additional 1,565,459 shares in the last quarter. Dodge & Cox boosted its stake in Dominion Energy by 3.0% in the first quarter. Dodge & Cox now owns 23,308,378 shares of the utilities provider’s stock valued at $1,306,901,000 after acquiring an additional 685,245 shares in the last quarter. Wellington Management Group LLP boosted its stake in Dominion Energy by 19.4% in the first quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock valued at $994,917,000 after acquiring an additional 2,882,252 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of 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 purchasing an additional 1,552,985 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in shares of Dominion Energy by 7.0% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 10,647,700 shares of the utilities provider’s stock worth $597,017,000 after purchasing an additional 695,627 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Insider Activity at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue purchased 4,152 shares of Dominion Energy stock in a transaction dated Wednesday, August 27th. The stock was acquired at an average cost of $60.35 per share, with a total value of $250,573.20. Following the acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Evercore ISI initiated coverage on Dominion Energy in a research report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 target price for the company. Morgan Stanley increased their price objective on Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. BTIG Research began coverage on Dominion Energy in a report on Wednesday, October 22nd. They issued a “neutral” rating for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $70.00 target price on shares of Dominion Energy in a report on Tuesday, October 28th. Finally, BMO Capital Markets decreased their price target on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research note on Monday. Two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $63.90.

Dominion Energy Stock Down 0.3%

D stock opened at $58.54 on Tuesday. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.52. The stock has a market capitalization of $49.96 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 2.13 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 company has a fifty day moving average of $60.19 and a 200-day moving average of $58.07.

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

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 20th. Stockholders of record on Friday, December 5th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, December 5th. Dominion Energy’s dividend payout ratio (DPR) is currently 90.82%.

About Dominion Energy

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.