Schnieders Capital Management LLC Acquires 10,775 Shares of Dominion Energy Inc. $D

Schnieders Capital Management LLC boosted its holdings in shares of Dominion Energy Inc. (NYSE:D) by 9.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 124,573 shares of the utilities provider’s stock after buying an additional 10,775 shares during the period. Dominion Energy makes up approximately 1.2% of Schnieders Capital Management LLC’s investment portfolio, making the stock its 21st biggest position. Schnieders Capital Management LLC’s holdings in Dominion Energy were worth $7,041,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. AlphaQuest LLC purchased a new stake in Dominion Energy during the first quarter valued at about $27,000. VSM Wealth Advisory LLC purchased a new stake in Dominion Energy during the first quarter valued at about $28,000. Dagco Inc. purchased a new stake in Dominion Energy during the first quarter valued at about $31,000. N.E.W. Advisory Services LLC purchased a new stake in Dominion Energy during the first quarter valued at about $34,000. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in Dominion Energy during the first quarter valued at about $34,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Insider Transactions at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue purchased 4,152 shares of Dominion Energy stock in a transaction that occurred on Wednesday, August 27th. The shares were bought at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the acquisition, the chief executive officer directly owned 161,237 shares in the company, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Dominion Energy Stock Down 0.1%

D opened at $60.58 on Monday. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.52. The company has a market cap 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 has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The business’s 50-day moving average price is $60.44 and its 200-day moving average price is $57.41.

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

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were issued 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 was Friday, September 5th. Dominion Energy’s payout ratio 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.