AlphaQuest LLC Makes New Investment in Dominion Energy Inc. $D

AlphaQuest LLC purchased a new position in shares of Dominion Energy Inc. (NYSE:D) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 486 shares of the utilities provider’s stock, valued at approximately $27,000.

Other institutional investors have also recently modified their holdings of the company. Orion Capital Management LLC acquired a new stake in shares of Dominion Energy during the 4th quarter valued at about $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Dominion Energy during the 1st quarter valued at about $28,000. Park Square Financial Group LLC acquired a new stake in shares of Dominion Energy during the 4th quarter valued at about $27,000. Dagco Inc. acquired a new stake in shares of Dominion Energy during the 1st quarter valued at about $31,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Dominion Energy during the 1st quarter valued at about $34,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Robert M. Blue acquired 4,152 shares of the firm’s 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 21st. Morgan Stanley decreased their price target 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. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $59.57.

Dominion Energy Price Performance

Dominion Energy stock opened at $58.17 on Friday. The stock has a market cap of $49.65 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 1.28 and a beta of 0.60. The company has a fifty day simple moving average of $59.19 and a 200-day simple moving average of $56.33. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.46. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.Dominion Energy’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Equities analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders of record on Friday, September 5th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy’s payout ratio is 92.07%.

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.