M.E. Allison & CO. Inc. Invests $208,000 in Dominion Energy Inc. $D

M.E. Allison & CO. Inc. bought a new stake in Dominion Energy Inc. (NYSE:D) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,672 shares of the utilities provider’s stock, valued at approximately $208,000.

Several other institutional investors also recently bought and sold shares of D. Welch Group LLC increased its holdings in shares of Dominion Energy by 3.2% during the 2nd quarter. Welch Group LLC now owns 7,597 shares of the utilities provider’s stock worth $429,000 after buying an additional 236 shares during the last quarter. Bill Few Associates Inc. boosted its position in Dominion Energy by 3.7% in the 2nd quarter. Bill Few Associates Inc. now owns 63,069 shares of the utilities provider’s stock valued at $3,565,000 after buying an additional 2,256 shares during the last quarter. SPC Financial Inc. boosted its position in Dominion Energy by 1.4% in the 2nd quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock valued at $688,000 after buying an additional 172 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Dominion Energy by 14.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 134,034 shares of the utilities provider’s stock valued at $7,576,000 after buying an additional 17,204 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its position in Dominion Energy by 4.6% in the 2nd quarter. Apollon Wealth Management LLC now owns 30,939 shares of the utilities provider’s stock valued at $1,749,000 after buying an additional 1,347 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Robert M. Blue acquired 4,152 shares of the stock in a transaction on Wednesday, August 27th. The shares were purchased at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the transaction, the chief executive officer owned 161,237 shares in the company, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.11% of the company’s stock.

Dominion Energy Trading Up 1.1%

Shares of NYSE:D opened at $60.92 on Monday. The stock has a market capitalization of $51.99 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 1.32 and a beta of 0.62. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.46. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. The company has a 50 day moving average price of $60.46 and a 200 day moving average price of $57.23.

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

Dominion Energy Announces Dividend

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

Analyst Ratings Changes

D has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. JPMorgan Chase & Co. increased 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. Barclays raised their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Finally, Evercore ISI initiated coverage on shares of Dominion Energy in a research note on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price target on the stock. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average price target of $62.00.

Dominion Energy 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.