Dominion Energy Inc. $D Shares Acquired by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC lifted its position in shares of Dominion Energy Inc. (NYSE:D) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,795 shares of the utilities provider’s stock after buying an additional 184 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Dominion Energy were worth $441,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Patton Fund Management Inc. acquired a new position in Dominion Energy in the 2nd quarter valued at about $235,000. Sowell Financial Services LLC acquired a new position in Dominion Energy in the 1st quarter valued at about $314,000. QRG Capital Management Inc. raised its stake in Dominion Energy by 13.8% in the 1st quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider’s stock valued at $503,000 after purchasing an additional 1,087 shares during the last quarter. Bessemer Group Inc. raised 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 valued at $527,000 after purchasing an additional 616 shares during the last quarter. Finally, Golden State Wealth Management LLC raised 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 valued at $51,000 after purchasing an additional 628 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.1%

Shares of NYSE:D opened at $60.58 on Friday. 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 Inc. has a 1 year low of $48.07 and a 1 year high of $62.52. The stock has a market capitalization of $51.70 billion, a P/E ratio of 20.89, a PEG ratio of 1.31 and a beta of 0.62. The stock has a 50-day simple moving average of $60.44 and a 200-day simple moving average of $57.41.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Equities analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Stockholders of record on Friday, September 5th were issued a dividend of $0.6675 per share. The ex-dividend date was Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. Dominion Energy’s payout ratio is presently 92.07%.

Insider Activity

In other news, CEO Robert M. Blue bought 4,152 shares of the firm’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on D shares. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. Morgan Stanley cut their target price on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. Barclays lifted their price target on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Finally, Evercore ISI began coverage on Dominion Energy in a report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price target for the company. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average 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.