Drive Wealth Management LLC Invests $203,000 in Dominion Energy Inc. $D

Drive Wealth Management LLC acquired a new position in Dominion Energy Inc. (NYSE:DFree Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,596 shares of the utilities provider’s stock, valued at approximately $203,000.

A number of other institutional investors have also made changes to their positions in D. Brighton Jones LLC lifted its position in shares of Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after purchasing an additional 3,553 shares in the last quarter. GAMMA Investing LLC increased its holdings in Dominion Energy by 13.3% during the first quarter. GAMMA Investing LLC now owns 22,771 shares of the utilities provider’s stock worth $1,277,000 after buying an additional 2,673 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Dominion Energy by 3.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 290,422 shares of the utilities provider’s stock worth $16,284,000 after buying an additional 10,915 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in Dominion Energy by 191.8% during the first quarter. JFS Wealth Advisors LLC now owns 823 shares of the utilities provider’s stock worth $46,000 after buying an additional 541 shares during the last quarter. Finally, Eagle Strategies LLC increased its holdings in Dominion Energy by 5.6% during the first quarter. Eagle Strategies LLC now owns 3,969 shares of the utilities provider’s stock worth $223,000 after buying an additional 210 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

NYSE:D opened at $60.85 on Wednesday. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.52. The company has a market cap of $51.93 billion, a P/E ratio of 20.98, a P/E/G ratio of 1.33 and a beta of 0.62. The firm’s fifty day moving average price is $60.43 and its two-hundred day moving average price is $57.50. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49.

Dominion Energy (NYSE:DGet Free Report) last released its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 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 company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. Dominion Energy’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. Equities analysts expect 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. Investors of record on Friday, September 5th were paid a $0.6675 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. Dominion Energy’s dividend payout ratio is 92.07%.

Insider Activity at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue purchased 4,152 shares of the firm’s stock in a transaction that occurred on 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 purchase, the chief executive officer owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. The trade was a 2.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on D shares. Barclays boosted their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. Morgan Stanley lowered their target price on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Evercore ISI started coverage on shares of Dominion Energy in a report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a report on Thursday, August 21st. 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $62.00.

Check Out Our Latest Report on D

Dominion Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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