Dominion Energy Inc. $D Shares Bought by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC increased its holdings in Dominion Energy Inc. (NYSE:D) by 30.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,297 shares of the utilities provider’s stock after acquiring an additional 3,326 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Dominion Energy were worth $808,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. TD Asset Management Inc increased its stake in Dominion Energy by 3.5% in the second quarter. TD Asset Management Inc now owns 305,202 shares of the utilities provider’s stock valued at $17,250,000 after purchasing an additional 10,449 shares during the period. Wilmington Savings Fund Society FSB increased its stake in Dominion Energy by 35.1% in the second quarter. Wilmington Savings Fund Society FSB now owns 44,619 shares of the utilities provider’s stock valued at $2,522,000 after purchasing an additional 11,585 shares during the period. Morningstar Investment Management LLC acquired a new position in Dominion Energy in the 2nd quarter valued at about $224,000. RFG Advisory LLC raised its stake in Dominion Energy by 72.3% during the 2nd quarter. RFG Advisory LLC now owns 11,481 shares of the utilities provider’s stock valued at $649,000 after acquiring an additional 4,816 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its stake in Dominion Energy by 1.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 59,868 shares of the utilities provider’s stock valued at $3,384,000 after acquiring an additional 970 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

NYSE:D opened at $61.68 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The firm’s fifty day simple moving average is $60.48 and its 200-day simple moving average is $57.34. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.46. The stock has a market cap of $52.64 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 1.33 and a beta of 0.62.

Dominion Energy (NYSE:D) last released its quarterly 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 firm had revenue of $3.81 billion during 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%.The business’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy’s dividend payout ratio is presently 92.07%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Morgan Stanley dropped their target price 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. Evercore ISI started 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 objective on the stock. Finally, Barclays boosted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $62.00.

Insider Buying and Selling

In other Dominion Energy news, CEO Robert M. Blue purchased 4,152 shares of the stock in a transaction dated Wednesday, August 27th. The shares were acquired at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the transaction, the chief executive officer directly owned 161,237 shares of the company’s stock, valued at $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

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.