Acorn Financial Advisory Services Inc. ADV Decreases Position in Dominion Energy Inc. $D

Acorn Financial Advisory Services Inc. ADV cut its stake in shares of Dominion Energy Inc. (NYSE:D) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,737 shares of the utilities provider’s stock after selling 181 shares during the period. Acorn Financial Advisory Services Inc. ADV’s holdings in Dominion Energy were worth $776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. NorthRock Partners LLC raised its position in Dominion Energy by 24.4% during the second quarter. NorthRock Partners LLC now owns 12,327 shares of the utilities provider’s stock valued at $696,000 after purchasing an additional 2,416 shares during the period. Concord Asset Management LLC VA raised its position in Dominion Energy by 36.6% during the second quarter. Concord Asset Management LLC VA now owns 20,445 shares of the utilities provider’s stock valued at $1,156,000 after purchasing an additional 5,479 shares during the period. Sequoia Financial Advisors LLC raised its position in Dominion Energy by 50.1% during the second quarter. Sequoia Financial Advisors LLC now owns 27,207 shares of the utilities provider’s stock valued at $1,538,000 after purchasing an additional 9,085 shares during the period. Yousif Capital Management LLC raised its position in Dominion Energy by 0.8% during the second quarter. Yousif Capital Management LLC now owns 116,203 shares of the utilities provider’s stock valued at $6,568,000 after purchasing an additional 959 shares during the period. Finally, M.E. Allison & CO. Inc. purchased a new stake in Dominion Energy during the second quarter valued at approximately $208,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Up 0.6%

Shares of NYSE:D opened at $61.34 on Tuesday. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.46. The stock has a market cap of $52.35 billion, a P/E ratio of 21.15, a price-to-earnings-growth ratio of 1.32 and a beta of 0.62. The business’s 50 day moving average is $60.46 and its 200 day moving average is $57.28. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35.

Dominion Energy (NYSE:D) last announced 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 firm had revenue of $3.81 billion during 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 firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Sell-side analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently announced 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 of this dividend was Friday, September 5th. Dominion Energy’s dividend payout ratio (DPR) is 92.07%.

Wall Street Analyst Weigh In

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

Insider Transactions at Dominion Energy

In related news, CEO Robert M. Blue bought 4,152 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were acquired at an average price of $60.35 per share, with a total value of $250,573.20. Following the transaction, the chief executive officer owned 161,237 shares of the company’s stock, valued at $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.11% of the company’s stock.

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.