Athena Investment Management Takes Position in Dominion Energy Inc. $D

Athena Investment Management bought a new stake in shares of Dominion Energy Inc. (NYSE:D) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,988 shares of the utilities provider’s stock, valued at approximately $225,000.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Dominion Energy by 16.2% during the second quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock valued at $5,979,551,000 after purchasing an additional 14,715,895 shares during the period. Wellington Management Group LLP raised its holdings in Dominion Energy by 19.4% during the 1st quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock valued at $994,917,000 after buying an additional 2,882,252 shares during the last quarter. Nuveen LLC purchased a new stake in Dominion Energy during the 1st quarter valued at $96,723,000. AQR Capital Management LLC boosted its position in Dominion Energy by 588.9% during the 1st quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider’s stock valued at $109,678,000 after buying an additional 1,687,819 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Dominion Energy by 12.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider’s stock worth $790,092,000 after acquiring an additional 1,552,985 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Shares of D stock opened at $60.24 on Thursday. The company’s fifty day moving average price is $60.55 and its 200-day moving average price is $58.63. The stock has a market cap of $51.45 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 2.13 and a beta of 0.63. 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 Inc. has a 12 month low of $48.07 and a 12 month high of $62.52.

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, beating analysts’ consensus estimates of $1.02 by $0.04. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same period last year, the company posted $0.98 EPS. Dominion Energy’s revenue was up 14.9% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. On average, equities analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, December 5th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.82%.

Insider Activity at Dominion Energy

In related news, CEO Robert M. Blue purchased 4,152 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were bought at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the purchase, the chief executive officer directly owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. This represents a 2.64% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on D. 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 objective for the company. Wells Fargo & Company assumed coverage on Dominion Energy in a research report on Tuesday, October 28th. They set an “overweight” rating and a $67.00 price target for the company. BMO Capital Markets cut their price objective on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. Finally, Barclays lifted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $64.22.

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.