Leelyn Smith LLC Boosts Stock Holdings in Dominion Energy Inc. $D

Leelyn Smith LLC grew its position in shares of Dominion Energy Inc. (NYSE:D) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,767 shares of the utilities provider’s stock after acquiring an additional 792 shares during the quarter. Leelyn Smith LLC’s holdings in Dominion Energy were worth $2,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Dominion Energy by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock worth $5,106,823,000 after purchasing an additional 1,565,459 shares during the period. Dodge & Cox raised its stake in shares of Dominion Energy by 3.0% during the 1st quarter. Dodge & Cox now owns 23,308,378 shares of the utilities provider’s stock worth $1,306,901,000 after purchasing an additional 685,245 shares during the period. Wellington Management Group LLP raised its stake in shares of Dominion Energy by 19.4% during the 1st quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock worth $994,917,000 after purchasing an additional 2,882,252 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Dominion Energy by 6.3% during the 1st quarter. Bank of New York Mellon Corp now owns 15,878,683 shares of the utilities provider’s stock worth $890,318,000 after purchasing an additional 939,835 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Dominion Energy by 12.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider’s stock worth $790,092,000 after purchasing an additional 1,552,985 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue purchased 4,152 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the purchase, 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 accessible through the SEC website. 0.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on D. Evercore ISI began coverage on shares of Dominion Energy in a report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price objective on the stock. Morgan Stanley upped their price target on Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research note on Thursday, August 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a research note on Friday. Finally, BTIG Research assumed coverage on shares of Dominion Energy in a report on Wednesday. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $62.43.

Dominion Energy Price Performance

Shares of NYSE D opened at $61.05 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.52. The firm has a market capitalization of $52.10 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 2.20 and a beta of 0.62. The stock’s 50-day simple moving average is $60.40 and its 200-day simple moving average is $57.67.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share 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 analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.Dominion Energy’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, equities research analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were paid 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 dividend payout ratio (DPR) 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.