First Hawaiian Bank Has $1.60 Million Stake in Dominion Energy Inc. $D

First Hawaiian Bank boosted its stake in Dominion Energy Inc. (NYSE:D) by 3.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,602 shares of the utilities provider’s stock after purchasing an additional 1,004 shares during the period. First Hawaiian Bank’s holdings in Dominion Energy were worth $1,604,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Strs Ohio bought a new stake in Dominion Energy during the first quarter valued at $34,901,000. Jacobi Capital Management LLC boosted its position in Dominion Energy by 3.3% during the first quarter. Jacobi Capital Management LLC now owns 15,515 shares of the utilities provider’s stock valued at $870,000 after acquiring an additional 502 shares during the last quarter. Westbourne Investments Inc. bought a new stake in Dominion Energy during the first quarter valued at $412,000. Geneos Wealth Management Inc. boosted its position in Dominion Energy by 7.6% during the first quarter. Geneos Wealth Management Inc. now owns 11,334 shares of the utilities provider’s stock valued at $635,000 after acquiring an additional 796 shares during the last quarter. Finally, Schmidt P J Investment Management Inc. boosted its position in Dominion Energy by 5.5% during the first quarter. Schmidt P J Investment Management Inc. now owns 4,814 shares of the utilities provider’s stock valued at $270,000 after acquiring an additional 250 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Insiders Place Their Bets

In other Dominion Energy news, CEO Robert M. Blue purchased 4,152 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were acquired at an average price 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 $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

D has been the topic of a number of research analyst reports. Morgan Stanley cut 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 report on Wednesday, June 18th. JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $59.57.

Dominion Energy Price Performance

D stock opened at $60.09 on Friday. The stock has a market capitalization of $51.28 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 1.30 and a beta of 0.60. The company’s 50-day moving average is $59.41 and its 200-day moving average is $56.42. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.46.

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 analysts’ consensus estimates of $0.77 by ($0.02). The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company earned $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Equities research analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be given a $0.6675 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 annualized dividend and a yield of 4.4%. Dominion Energy’s dividend payout ratio (DPR) is presently 92.07%.

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.