Qtron Investments LLC Buys New Position in Dominion Energy Inc. $D

Qtron Investments LLC bought a new position in shares of Dominion Energy Inc. (NYSE:D) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,681 shares of the utilities provider’s stock, valued at approximately $886,000.

Other institutional investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC bought a new position in shares of Dominion Energy during the 1st quarter worth approximately $27,000. Westside Investment Management Inc. lifted its position in shares of Dominion Energy by 123.3% during the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 259 shares during the period. Dagco Inc. bought a new position in Dominion Energy during the first quarter worth $31,000. Twin Peaks Wealth Advisors LLC bought a new position in Dominion Energy during the second quarter worth $32,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in Dominion Energy in the second quarter worth $36,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $58.52 on Friday. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.87. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41. The business has a 50 day moving average price of $60.77 and a 200-day moving average price of $59.12. The company has a market cap of $49.98 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 1.72 and a beta of 0.70.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.04. The company had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.Dominion Energy’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Equities analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Stockholders of record on Friday, December 5th will be paid a $0.6675 dividend. The ex-dividend date is Friday, December 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.6%. Dominion Energy’s dividend payout ratio is presently 90.82%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on D shares. BTIG Research assumed coverage on shares of Dominion Energy in a research report on Wednesday, October 22nd. They set a “neutral” rating on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $70.00 price target on shares of Dominion Energy in a report on Tuesday, October 28th. Wells Fargo & Company initiated coverage on Dominion Energy in a research note on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 price objective for the company. Barclays upped their target price on Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Finally, Morgan Stanley lifted their price target on shares of Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.