Atria Investments Inc Acquires 22,989 Shares of Dominion Energy Inc. $D

Atria Investments Inc lifted its holdings in Dominion Energy Inc. (NYSE:D) by 48.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,491 shares of the utilities provider’s stock after acquiring an additional 22,989 shares during the period. Atria Investments Inc’s holdings in Dominion Energy were worth $3,984,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. AlphaQuest LLC bought a new position in shares of Dominion Energy in the first quarter worth about $27,000. VSM Wealth Advisory LLC bought a new position in shares of Dominion Energy in the first quarter worth about $28,000. Dagco Inc. bought a new position in shares of Dominion Energy in the first quarter worth about $31,000. ANTIPODES PARTNERS Ltd bought a new position in shares of Dominion Energy in the first quarter worth about $34,000. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Dominion Energy in the first quarter worth about $34,000. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

D has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $70.00 price objective on shares of Dominion Energy in a research note on Tuesday, October 28th. JPMorgan Chase & Co. increased 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. Evercore ISI began coverage on Dominion Energy in a research note on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price target for the company. Morgan Stanley increased their price target on Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and a consensus price target of $63.78.

Insider Activity

In related news, CEO Robert M. Blue acquired 4,152 shares of the stock in a transaction dated 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 purchase, the chief executive officer directly owned 161,237 shares of the company’s stock, 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 this hyperlink. 0.11% of the stock is owned by insiders.

Dominion Energy Price Performance

NYSE:D opened at $58.73 on Friday. The firm has a market capitalization of $50.12 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.13 and a beta of 0.62. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.52. The business has a 50 day simple moving average of $60.22 and a 200-day simple moving average of $57.99. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.04. The business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.71 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the company earned $0.98 EPS. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Equities analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 20th. Stockholders of record on Friday, December 5th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, December 5th. Dominion Energy’s dividend payout ratio (DPR) is presently 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.