Catalyst Capital Advisors LLC Increases Stake in Dominion Energy Inc. $D

Catalyst Capital Advisors LLC raised its position in Dominion Energy Inc. (NYSE:D) by 43.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,267 shares of the utilities provider’s stock after purchasing an additional 687 shares during the period. Catalyst Capital Advisors LLC’s holdings in Dominion Energy were worth $128,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Dominion Energy by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock valued at $5,106,823,000 after purchasing an additional 1,565,459 shares in the last quarter. Dodge & Cox lifted its holdings in Dominion Energy by 3.0% in the 1st quarter. Dodge & Cox now owns 23,308,378 shares of the utilities provider’s stock valued at $1,306,901,000 after purchasing an additional 685,245 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of 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 worth $994,917,000 after acquiring an additional 2,882,252 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Dominion Energy by 6.3% during the 1st quarter. Bank of New York Mellon Corp now owns 15,878,683 shares of the utilities provider’s stock worth $890,318,000 after acquiring an additional 939,835 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Dominion Energy by 12.4% during 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 period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

D has been the topic of several analyst reports. Barclays lifted their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. BTIG Research initiated coverage on Dominion Energy in a report on Wednesday. They set a “neutral” rating on the stock. JPMorgan Chase & Co. lifted their price target on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a report on Thursday, August 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a report on Friday. Finally, Morgan Stanley raised their price objective on Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average target price of $62.43.

Dominion Energy Stock Performance

NYSE D opened at $61.05 on Friday. The company has a market cap of $52.10 billion, a P/E ratio of 21.05, a P/E/G ratio of 2.21 and a beta of 0.62. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The stock has a 50-day moving average of $60.40 and a two-hundred day moving average of $57.73. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.52.

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

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy’s payout ratio is currently 92.07%.

Insiders Place Their Bets

In other news, CEO Robert M. Blue bought 4,152 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was bought at an average cost of $60.35 per share, with a total value of $250,573.20. Following the transaction, the chief executive officer directly owned 161,237 shares in the company, valued at $9,730,652.95. The trade was a 2.64% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

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.