Trust Co. of Toledo NA OH Sells 1,017 Shares of Dominion Energy Inc. $D

Trust Co. of Toledo NA OH cut its stake in Dominion Energy Inc. (NYSE:D) by 4.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,405 shares of the utilities provider’s stock after selling 1,017 shares during the period. Trust Co. of Toledo NA OH’s holdings in Dominion Energy were worth $1,153,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in D. Maridea Wealth Management LLC grew its holdings in Dominion Energy by 2.1% during the 2nd quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock worth $505,000 after acquiring an additional 183 shares in the last quarter. Private Client Services LLC grew its holdings in Dominion Energy by 3.1% during the 2nd quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider’s stock worth $352,000 after acquiring an additional 188 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in Dominion Energy by 3.3% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider’s stock worth $338,000 after acquiring an additional 193 shares in the last quarter. Cornerstone Wealth Group LLC grew its holdings in Dominion Energy by 1.1% during the 1st quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider’s stock worth $1,022,000 after acquiring an additional 202 shares in the last quarter. Finally, Cobblestone Asset Management LLC grew its holdings in Dominion Energy by 3.2% during the 2nd quarter. Cobblestone Asset Management LLC now owns 6,620 shares of the utilities provider’s stock worth $374,000 after acquiring an additional 206 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Insider Activity at Dominion Energy

In related news, CEO Robert M. Blue acquired 4,152 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was purchased at an average cost of $60.35 per share, with a total value of $250,573.20. Following the transaction, the chief executive officer directly 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 is accessible through this hyperlink. 0.11% of the stock is owned by insiders.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $60.92 on Friday. The firm has a market capitalization of $51.99 billion, a P/E ratio of 21.01, a PEG ratio of 1.32 and a beta of 0.62. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The company has a 50 day moving average price of $60.46 and a 200 day moving average price of $57.21. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.46.

Dominion Energy (NYSE:D) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Sell-side analysts expect 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 was paid on Saturday, September 20th. Investors of record on Friday, September 5th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy’s dividend payout ratio (DPR) is presently 92.07%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on D shares. Evercore ISI started coverage on shares of Dominion Energy in a report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 target price on the stock. Morgan Stanley lowered their price target on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. JPMorgan Chase & Co. raised their price target 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. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday. Finally, Barclays raised their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.00.

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.