Park Avenue Securities LLC Grows Stock Position in Dominion Energy Inc. $D

Park Avenue Securities LLC boosted its position in Dominion Energy Inc. (NYSE:D) by 4.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,771 shares of the utilities provider’s stock after buying an additional 1,150 shares during the quarter. Park Avenue Securities LLC’s holdings in Dominion Energy were worth $1,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. BTC Capital Management Inc. increased its position in Dominion Energy by 8.8% in the second quarter. BTC Capital Management Inc. now owns 40,506 shares of the utilities provider’s stock worth $2,259,000 after buying an additional 3,263 shares during the last quarter. Farther Finance Advisors LLC increased its position in Dominion Energy by 7.3% in the second quarter. Farther Finance Advisors LLC now owns 12,967 shares of the utilities provider’s stock worth $733,000 after buying an additional 878 shares during the last quarter. Wedge Capital Management L L P NC increased its position in Dominion Energy by 28.7% in the second quarter. Wedge Capital Management L L P NC now owns 286,253 shares of the utilities provider’s stock worth $16,179,000 after buying an additional 63,898 shares during the last quarter. Shelton Wealth Management LLC increased its position in Dominion Energy by 6.0% in the second quarter. Shelton Wealth Management LLC now owns 14,782 shares of the utilities provider’s stock worth $835,000 after buying an additional 842 shares during the last quarter. Finally, Bridge Creek Capital Management LLC increased its position in Dominion Energy by 0.9% in the second quarter. Bridge Creek Capital Management LLC now owns 73,914 shares of the utilities provider’s stock worth $4,178,000 after buying an additional 684 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Morgan Stanley cut their price target on Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating for the company in a report on Thursday. JPMorgan Chase & Co. raised their price target on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a report on Thursday, August 21st. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $60.33.

Insider Transactions at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue acquired 4,152 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was bought at an average price of $60.35 per share, with a total value of $250,573.20. Following the completion of the purchase, the chief executive officer owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. This 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 through this link. Corporate insiders own 0.11% of the company’s stock.

Dominion Energy Price Performance

Dominion Energy stock opened at $59.65 on Friday. The firm has a market capitalization of $50.91 billion, a P/E ratio of 20.57, a PEG ratio of 1.32 and a beta of 0.60. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.46. The business has a fifty day moving average price of $59.94 and a 200-day moving average price of $56.70. 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, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. Dominion Energy’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, equities research analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

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

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.