Dominion Energy Inc. $D Shares Bought by Mutual Advisors LLC

Mutual Advisors LLC grew its stake in shares of Dominion Energy Inc. (NYSE:D) by 3.8% during the second quarter, Holdings Channel reports. The firm owned 8,558 shares of the utilities provider’s stock after purchasing an additional 315 shares during the period. Mutual Advisors LLC’s holdings in Dominion Energy were worth $503,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Generali Asset Management SPA SGR raised its holdings in Dominion Energy by 49.4% during the second quarter. Generali Asset Management SPA SGR now owns 34,790 shares of the utilities provider’s stock worth $1,966,000 after purchasing an additional 11,505 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in Dominion Energy during the second quarter worth approximately $236,000. Sagespring Wealth Partners LLC raised its holdings in Dominion Energy by 30.3% during the second quarter. Sagespring Wealth Partners LLC now owns 14,297 shares of the utilities provider’s stock worth $808,000 after purchasing an additional 3,326 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of Dominion Energy by 3.5% in the 2nd quarter. TD Asset Management Inc now owns 305,202 shares of the utilities provider’s stock valued at $17,250,000 after acquiring an additional 10,449 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its position in Dominion Energy by 35.1% in the 2nd 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 last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Barclays raised their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Evercore ISI assumed coverage on shares of 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. JPMorgan Chase & Co. raised their price objective 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 reissued a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Finally, Morgan Stanley lowered their price objective 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 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $62.00.

Insider Activity at Dominion Energy

In related news, CEO Robert M. Blue bought 4,152 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were bought 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 of the company’s stock, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.11% of the company’s stock.

Dominion Energy Stock Performance

Shares of D opened at $60.58 on Monday. 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 stock has a market capitalization of $51.70 billion, a P/E ratio of 20.89, a P/E/G ratio of 1.31 and a beta of 0.62. The company’s fifty day moving average is $60.44 and its two-hundred day moving average is $57.41. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.52.

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 analyst estimates of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, sell-side analysts predict that Dominion Energy Inc. will post 3.39 earnings per share 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 dividend yield of 4.4%. The ex-dividend date was Friday, September 5th. Dominion Energy’s payout ratio is presently 92.07%.

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.