Fort Washington Investment Advisors Inc. OH Decreases Stock Position in Dominion Energy Inc. $D

Fort Washington Investment Advisors Inc. OH decreased its holdings in shares of Dominion Energy Inc. (NYSE:D) by 10.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,763 shares of the utilities provider’s stock after selling 550 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Dominion Energy were worth $269,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Maridea Wealth Management LLC grew its holdings in shares of Dominion Energy by 2.1% during the second quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock valued at $505,000 after buying an additional 183 shares during the last quarter. Private Client Services LLC lifted its position 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 during the period. Dynamic Advisor Solutions LLC grew its stake 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 valued at $338,000 after purchasing an additional 193 shares during the last quarter. Cornerstone Wealth Group LLC increased its holdings in shares of Dominion Energy by 1.1% in the first quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider’s stock valued at $1,022,000 after purchasing an additional 202 shares during the period. Finally, Cobblestone Asset Management LLC raised its stake in shares of Dominion Energy by 3.2% in the second quarter. Cobblestone Asset Management LLC now owns 6,620 shares of the utilities provider’s stock worth $374,000 after purchasing an additional 206 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on D shares. JPMorgan Chase & Co. upped their target price on 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 dropped their price objective 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. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $60.33.

Dominion Energy Trading Up 1.0%

Shares of NYSE:D opened at $60.96 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.46. The business has a 50 day moving average of $60.05 and a two-hundred day moving average of $56.82. The company has a market capitalization of $52.03 billion, a PE ratio of 21.02, a PEG ratio of 1.31 and a beta of 0.60.

Dominion Energy (NYSE:D) last posted 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 firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period last year, the firm earned $0.65 earnings per share. Dominion Energy’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. As a group, analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were given a $0.6675 dividend. 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 dividend payout ratio is 92.07%.

Insider Activity

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were purchased at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the transaction, the chief executive officer directly owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by insiders.

About Dominion Energy

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.