Wealthfront Advisers LLC Raises Stake in Dominion Energy Inc. $D

Wealthfront Advisers LLC raised its position in Dominion Energy Inc. (NYSE:D) by 0.9% in the second quarter, Holdings Channel reports. The fund owned 243,411 shares of the utilities provider’s stock after buying an additional 2,154 shares during the period. Wealthfront Advisers LLC’s holdings in Dominion Energy were worth $13,758,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaQuest LLC acquired a new stake in Dominion Energy during the first quarter worth approximately $27,000. VSM Wealth Advisory LLC acquired a new stake in Dominion Energy during the first quarter worth approximately $28,000. Dagco Inc. acquired a new stake in Dominion Energy during the first quarter worth approximately $31,000. N.E.W. Advisory Services LLC acquired a new stake in Dominion Energy during the first quarter worth approximately $34,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in Dominion Energy during the first quarter worth approximately $34,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue bought 4,152 shares of Dominion Energy stock in a transaction on Wednesday, August 27th. The shares were bought at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the acquisition, the chief executive officer owned 161,237 shares in the company, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

Dominion Energy Price Performance

Shares of NYSE D opened at $61.05 on Monday. The firm has a market capitalization of $52.10 billion, a P/E ratio of 21.05, a PEG ratio of 2.21 and a beta of 0.62. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.52. The company’s fifty day moving average is $60.40 and its two-hundred day moving average is $57.76. 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 (NYSE:D) last issued its earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). The company had revenue of $3.81 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were given 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 payout ratio is currently 92.07%.

Analyst Ratings Changes

D has been the topic of a number of research analyst reports. Barclays raised their price objective 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 reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a report on Friday. BTIG Research began coverage on shares of Dominion Energy in a report on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Morgan Stanley lifted their target price on shares of Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a report on Thursday, August 21st. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $62.43.

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.