Vestmark Advisory Solutions Inc. Has $3.60 Million Stake in Dominion Energy Inc. $D

Vestmark Advisory Solutions Inc. reduced its holdings in Dominion Energy Inc. (NYSE:D) by 28.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,739 shares of the utilities provider’s stock after selling 24,851 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Dominion Energy were worth $3,603,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Westside Investment Management Inc. boosted its position in shares of Dominion Energy by 123.3% in the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 259 shares during the last quarter. AlphaQuest LLC bought a new stake in Dominion Energy in the first quarter valued at about $27,000. VSM Wealth Advisory LLC acquired a new position in Dominion Energy in the first quarter valued at about $28,000. Dagco Inc. bought a new position in Dominion Energy during the first quarter worth about $31,000. Finally, N.E.W. Advisory Services LLC bought a new position in Dominion Energy during the first quarter worth about $34,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Insider Activity

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of Dominion Energy stock in a transaction that occurred on Wednesday, August 27th. The stock was acquired at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the acquisition, the chief executive officer owned 161,237 shares of the company’s stock, valued at $9,730,652.95. This trade represents a 2.64% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by company insiders.

Dominion Energy Trading Up 1.8%

Shares of NYSE:D opened at $61.59 on Friday. The firm has a market cap of $52.60 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 2.13 and a beta of 0.63. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.52. The company’s fifty day simple moving average is $60.21 and its 200 day simple moving average is $58.24. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35.

Dominion Energy (NYSE:D) last released its earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations 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 was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, research analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 20th. Stockholders of record on Friday, December 5th will be issued a $0.6675 dividend. The ex-dividend date is Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.3%. Dominion Energy’s dividend payout ratio (DPR) is 90.82%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. 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 note on Wednesday, October 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $70.00 target price on shares of Dominion Energy in a research note on Tuesday, October 28th. BTIG Research initiated coverage on shares of Dominion Energy in a report on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Barclays lifted 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. Finally, BMO Capital Markets lowered their price objective on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $64.22.

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.