CW Advisors LLC Increases Holdings in Dominion Energy Inc. $D

CW Advisors LLC grew its holdings in Dominion Energy Inc. (NYSE:D) by 5.9% in the first quarter, Holdings Channel reports. The firm owned 201,338 shares of the utilities provider’s stock after buying an additional 11,264 shares during the quarter. CW Advisors LLC’s holdings in Dominion Energy were worth $11,278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of D. Sowell Financial Services LLC purchased a new position in shares of Dominion Energy in the first quarter valued at about $314,000. QRG Capital Management Inc. lifted its position in shares of Dominion Energy by 13.8% in the first quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider’s stock worth $503,000 after buying an additional 1,087 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Dominion Energy by 114.8% in the first quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider’s stock worth $680,000 after buying an additional 6,462 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Dominion Energy by 7.0% in the first quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider’s stock worth $527,000 after buying an additional 616 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its position in shares of Dominion Energy by 222.7% in the first quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider’s stock worth $51,000 after buying an additional 628 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on D. Morgan Stanley reduced their price objective on Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 18th. JPMorgan Chase & Co. upped their target price on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a report on Thursday. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Dominion Energy has a consensus rating of “Hold” and an average target price of $59.57.

Dominion Energy Price Performance

Shares of D opened at $61.1990 on Friday. The business’s 50-day moving average is $58.15 and its two-hundred day moving average is $55.99. The company has a market capitalization of $52.23 billion, a P/E ratio of 21.10, a P/E/G ratio of 1.33 and a beta of 0.57. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.46.

Dominion Energy (NYSE:D) last announced its quarterly 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). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period in the prior year, the business posted $0.65 earnings per share. Dominion Energy’s revenue for the quarter was up 9.3% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Research analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

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

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.