LifeWealth Investments LLC Buys 933 Shares of Dominion Energy Inc. $D

LifeWealth Investments LLC increased its holdings in Dominion Energy Inc. (NYSE:D) by 11.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,844 shares of the utilities provider’s stock after purchasing an additional 933 shares during the quarter. LifeWealth Investments LLC’s holdings in Dominion Energy were worth $500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. AlphaQuest LLC bought a new stake in shares of Dominion Energy in the first quarter worth about $27,000. VSM Wealth Advisory LLC bought a new stake in shares of Dominion Energy in the first quarter worth about $28,000. Dagco Inc. bought a new stake in shares of Dominion Energy in the first quarter worth about $31,000. N.E.W. Advisory Services LLC bought a new stake in shares of Dominion Energy in the first quarter worth about $34,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in shares of Dominion Energy in the first quarter worth about $34,000. 73.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on D. BTIG Research assumed coverage on Dominion Energy in a research note on Wednesday. They issued a “neutral” rating on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. Morgan Stanley boosted their price objective on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their target price 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. Finally, Barclays lifted their target price 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. One equities research analyst has rated the stock with a Buy rating, eight 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 a consensus rating of “Hold” and a consensus price target of $62.43.

Insider Activity at Dominion Energy

In related news, CEO Robert M. Blue bought 4,152 shares of Dominion Energy stock in a transaction dated Wednesday, August 27th. The shares were acquired at an average cost of $60.35 per share, with a total value of $250,573.20. Following the completion of the transaction, the chief executive officer owned 161,237 shares in the company, valued at $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 available at this link. Company insiders own 0.11% of the company’s stock.

Dominion Energy Stock Up 0.2%

Shares of NYSE D opened at $61.01 on Thursday. The firm’s 50-day moving average price is $60.41 and its 200-day moving average price is $57.52. 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 stock has a market capitalization of $52.06 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 2.20 and a beta of 0.62. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.52.

Dominion Energy (NYSE:D) last announced its 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). The business had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, equities research analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Stockholders 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 dividend payout ratio (DPR) is 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.