Dominion Energy Inc. $D Shares Sold by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. reduced its position in Dominion Energy Inc. (NYSE:D) by 12.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,014 shares of the utilities provider’s stock after selling 1,315 shares during the period. Armstrong Advisory Group Inc.’s holdings in Dominion Energy were worth $509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in D. Sowell Financial Services LLC acquired a new position in Dominion Energy during the first quarter worth $314,000. QRG Capital Management Inc. raised its position in shares of Dominion Energy by 13.8% in the first quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider’s stock valued at $503,000 after buying an additional 1,087 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Dominion Energy by 114.8% in the first quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider’s stock valued at $680,000 after buying an additional 6,462 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Dominion Energy by 7.0% in the first quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider’s stock valued at $527,000 after buying an additional 616 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its position in shares of Dominion Energy by 222.7% in the first quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider’s stock valued at $51,000 after buying an additional 628 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

D has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 21st. Morgan Stanley reduced their target price on shares of Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $59.83.

Dominion Energy Stock Up 0.3%

Shares of NYSE:D opened at $59.93 on Monday. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.46. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The stock has a market cap of $51.15 billion, a P/E ratio of 20.67, a P/E/G ratio of 1.30 and a beta of 0.60. The firm has a fifty day moving average price of $59.68 and a 200 day moving average price of $56.58.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter last year, the business posted $0.65 earnings per share. The company’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. Sell-side analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.5%. Dominion Energy’s dividend payout ratio (DPR) is 92.07%.

Insider Activity

In other news, CEO Robert M. Blue purchased 4,152 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was acquired at an average price 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 $9,730,652.95. This represents a 2.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is owned by company insiders.

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.