Private Trust Co. NA Has $276,000 Stock Position in Dominion Energy Inc. $D

Private Trust Co. NA reduced its position in shares of Dominion Energy Inc. (NYSE:D) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,891 shares of the utilities provider’s stock after selling 292 shares during the period. Private Trust Co. NA’s holdings in Dominion Energy were worth $276,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Patton Fund Management Inc. bought a new position in shares of Dominion Energy during the second quarter valued at about $235,000. QRG Capital Management Inc. lifted its position in shares of Dominion Energy by 13.8% during the first quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider’s stock valued at $503,000 after purchasing an additional 1,087 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Dominion Energy by 7.0% during the first quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider’s stock valued at $527,000 after purchasing an additional 616 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of Dominion Energy by 222.7% during the first quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 628 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its position in shares of Dominion Energy by 28.3% during the second quarter. Central Pacific Bank Trust Division now owns 56,491 shares of the utilities provider’s stock valued at $3,193,000 after purchasing an additional 12,453 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

NYSE D opened at $61.51 on Tuesday. The company’s 50 day moving average is $60.44 and its 200-day moving average is $57.48. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.52. 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 has a market cap of $52.49 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62.

Dominion Energy (NYSE:D) last posted 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). 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 during the quarter, compared to the consensus estimate of $3.73 billion. During the same period last year, the firm earned $0.65 EPS. The business’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. Sell-side analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

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

Analyst Upgrades and Downgrades

D has been the topic of a number of recent analyst reports. Evercore ISI initiated 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 target on the stock. JPMorgan Chase & Co. lifted 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. Barclays lifted 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. Weiss Ratings reaffirmed 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 investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $62.00.

Insider Activity

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 bought at an average price of $60.35 per share, with a total value of $250,573.20. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is currently owned by company insiders.

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.