Ossiam Increases Position in Dominion Energy Inc. $D

Ossiam lifted its holdings in shares of Dominion Energy Inc. (NYSE:D) by 15,164.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,202 shares of the utilities provider’s stock after buying an additional 23,050 shares during the period. Ossiam’s holdings in Dominion Energy were worth $1,311,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Patton Fund Management Inc. acquired a new stake in shares of Dominion Energy in the 2nd quarter worth $235,000. Rockefeller Capital Management L.P. increased its stake in shares of Dominion Energy by 6.9% during the second quarter. Rockefeller Capital Management L.P. now owns 186,885 shares of the utilities provider’s stock worth $10,563,000 after acquiring an additional 12,041 shares during the period. Vanguard Group Inc. lifted its position in Dominion Energy by 16.2% in 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. Bryn Mawr Trust Advisors LLC lifted its position in Dominion Energy by 19.0% in the second quarter. Bryn Mawr Trust Advisors LLC now owns 104,710 shares of the utilities provider’s stock valued at $5,918,000 after purchasing an additional 16,731 shares during the period. Finally, Virtus Advisers LLC purchased a new stake in Dominion Energy in the 2nd quarter valued at approximately $240,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Trading Down 0.8%

NYSE:D opened at $57.98 on Thursday. 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 stock has a fifty day simple moving average of $60.61 and a 200-day simple moving average of $59.17. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.87. The company has a market capitalization of $49.52 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 1.68 and a beta of 0.70.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.04. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same period last year, the firm posted $0.98 EPS. The firm’s revenue for the quarter 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 research analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

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

Wall Street Analyst Weigh In

D has been the subject of several recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Dominion Energy in a report on Monday. BTIG Research assumed coverage on Dominion Energy in a report on Wednesday, October 22nd. They issued a “neutral” rating for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $70.00 price target on shares of Dominion Energy in a research note on Tuesday, October 28th. Wells Fargo & Company initiated coverage on shares of Dominion Energy in a research note on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $64.22.

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.