Dominion Energy Inc. $D Stock Position Cut by Ables Iannone Moore & Associates Inc.

Ables Iannone Moore & Associates Inc. lessened its stake in Dominion Energy Inc. (NYSE:D) by 3.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 13,430 shares of the utilities provider’s stock after selling 469 shares during the quarter. Ables Iannone Moore & Associates Inc.’s holdings in Dominion Energy were worth $759,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new stake in Dominion Energy in the fourth quarter worth about $27,000. Park Square Financial Group LLC bought a new stake in Dominion Energy in the fourth quarter worth about $27,000. AlphaQuest LLC bought a new stake in Dominion Energy in the first quarter worth about $27,000. VSM Wealth Advisory LLC bought a new stake in Dominion Energy in the first quarter worth about $28,000. Finally, Dagco Inc. bought a new stake in Dominion Energy in the first quarter worth about $31,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Price Performance

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

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.Dominion Energy’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, analysts predict that Dominion Energy Inc. will post 3.39 EPS 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 dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy’s payout ratio is 92.07%.

Insiders Place Their Bets

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the stock in a transaction on Wednesday, August 27th. The shares were bought at an average price of $60.35 per share, with a total value of $250,573.20. Following the purchase, 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 document filed with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on D. Morgan Stanley dropped 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. boosted their price target 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 investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $59.57.

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.