Rossby Financial LCC Purchases 370 Shares of Dominion Energy Inc. $D

Rossby Financial LCC raised its position in shares of Dominion Energy Inc. (NYSE:D) by 2.0% during the second quarter, HoldingsChannel reports. The fund owned 18,857 shares of the utilities provider’s stock after acquiring an additional 370 shares during the quarter. Rossby Financial LCC’s holdings in Dominion Energy were worth $1,066,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its stake in Dominion Energy by 64.3% in the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after buying an additional 3,553 shares during the period. GAMMA Investing LLC increased its stake in Dominion Energy by 13.3% in the 1st 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 period. Bessemer Group Inc. increased its stake in Dominion Energy by 7.0% in the 1st quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider’s stock worth $527,000 after buying an additional 616 shares during the period. Golden State Wealth Management LLC increased its stake in Dominion Energy by 222.7% in the 1st quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider’s stock worth $51,000 after buying an additional 628 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in Dominion Energy by 89.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 97,069 shares of the utilities provider’s stock worth $5,443,000 after buying an additional 45,746 shares during the period. Institutional investors own 73.04% of the company’s stock.

Insider Buying and Selling at Dominion Energy

In other news, CEO Robert M. Blue purchased 4,152 shares of the stock in a transaction dated 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 acquisition, the chief executive officer owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Morgan Stanley raised their price target on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. BTIG Research assumed coverage on shares of Dominion Energy in a research note on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Evercore ISI started coverage on shares of Dominion Energy in a research note on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price target on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. Finally, Barclays increased 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. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $62.43.

Dominion Energy Stock Down 0.4%

NYSE:D opened at $60.80 on Tuesday. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.52. The stock has a market capitalization of $51.88 billion, a P/E ratio of 20.96, a P/E/G ratio of 2.21 and a beta of 0.62. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. The company’s 50-day simple moving average is $60.40 and its 200-day simple moving average is $57.82.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the business posted $0.65 earnings per share. The firm’s quarterly 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. On average, equities analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, September 20th. Stockholders of record on Friday, September 5th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend 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 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.