PDS Planning Inc Has $256,000 Stock Holdings in Dominion Energy Inc. $D

PDS Planning Inc decreased its position in shares of Dominion Energy Inc. (NYSE:D) by 4.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,525 shares of the utilities provider’s stock after selling 233 shares during the period. PDS Planning Inc’s holdings in Dominion Energy were worth $256,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Patton Fund Management Inc. acquired a new stake in shares of Dominion Energy during the 2nd quarter worth approximately $235,000. Sowell Financial Services LLC acquired a new stake in shares of Dominion Energy during the 1st quarter worth approximately $314,000. QRG Capital Management Inc. boosted its position in shares of Dominion Energy by 13.8% during the 1st quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider’s stock worth $503,000 after acquiring an additional 1,087 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Dominion Energy by 114.8% during the 1st quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider’s stock worth $680,000 after acquiring an additional 6,462 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Dominion Energy by 7.0% during the 1st quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider’s stock worth $527,000 after acquiring an additional 616 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Robert M. Blue bought 4,152 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was acquired at an average price of $60.35 per share, with a total value of $250,573.20. Following the completion of the purchase, the chief executive officer directly owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

D has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Barclays raised their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Evercore ISI initiated coverage on shares of Dominion Energy in a research report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 target price on the stock. Finally, Morgan Stanley cut their target price on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $62.00.

Dominion Energy Price Performance

D stock opened at $60.92 on Monday. The company has a fifty day moving average price of $60.46 and a 200-day moving average price of $57.23. The company has a market capitalization of $51.99 billion, a P/E ratio of 21.01, a PEG ratio of 1.32 and a beta of 0.62. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week 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.

Dominion Energy (NYSE:D) last released its quarterly earnings results 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 business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. Dominion Energy’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, equities analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

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

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.