Exencial Wealth Advisors LLC Sells 1,036 Shares of Dominion Energy Inc. $D

Exencial Wealth Advisors LLC lowered its position in Dominion Energy Inc. (NYSE:D) by 6.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,139 shares of the utilities provider’s stock after selling 1,036 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Dominion Energy were worth $799,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. AlphaQuest LLC bought a new position in Dominion Energy in the first quarter worth $27,000. VSM Wealth Advisory LLC acquired a new position in shares of Dominion Energy in the 1st quarter valued at $28,000. Dagco Inc. bought a new position in shares of Dominion Energy during the 1st quarter worth about $31,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Dominion Energy during the 1st quarter valued at about $34,000. Finally, N.E.W. Advisory Services LLC bought a new stake in Dominion Energy in the first quarter valued at about $34,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

NYSE:D opened at $60.74 on Friday. The stock has a market capitalization of $51.83 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 2.20 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. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.52. The firm has a 50 day moving average of $60.40 and a 200-day moving average of $57.59.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, sell-side 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 paid a $0.6675 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. Dominion Energy’s dividend payout ratio (DPR) is 92.07%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on D. Barclays increased their price target 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 Dominion Energy in a report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 target price for the company. Morgan Stanley raised their target price on Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. Finally, BTIG Research assumed coverage on Dominion Energy in a research note on Wednesday. They set a “neutral” rating for the company. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $62.43.

Insider Activity

In other Dominion Energy news, CEO Robert M. Blue purchased 4,152 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was acquired at an average cost of $60.35 per share, with a total value of $250,573.20. Following the completion of the acquisition, the chief executive officer directly owned 161,237 shares of the company’s stock, valued at $9,730,652.95. This represents a 2.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by corporate insiders.

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.