Hennessy Advisors Inc. Grows Stake in Dominion Energy Inc. $D

Hennessy Advisors Inc. lifted its position in Dominion Energy Inc. (NYSE:D) by 31.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 84,477 shares of the utilities provider’s stock after purchasing an additional 20,200 shares during the quarter. Hennessy Advisors Inc.’s holdings in Dominion Energy were worth $4,775,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. AlphaQuest LLC bought a new position in Dominion Energy in the 1st quarter worth about $27,000. VSM Wealth Advisory LLC purchased a new stake in Dominion Energy in the first quarter valued at approximately $28,000. Dagco Inc. bought a new stake in Dominion Energy during the first quarter valued at approximately $31,000. ANTIPODES PARTNERS Ltd purchased a new position in Dominion Energy in the 1st quarter worth approximately $34,000. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Dominion Energy in the 1st quarter worth $34,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

NYSE D opened at $61.57 on Friday. The firm has a market cap of $52.55 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 1.34 and a beta of 0.62. The company has a 50-day simple moving average of $60.25 and a two-hundred day simple moving average of $56.98. The company has a quick ratio of 0.49, a current ratio of 0.67 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.

Dominion Energy (NYSE:D) last released its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The company had revenue of $3.81 billion during 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%. The company’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, equities analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were given 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 4.3%. Dominion Energy’s dividend payout ratio is presently 92.07%.

Analyst Ratings Changes

Several research firms have recently weighed in on D. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research report on Saturday, September 27th. Morgan Stanley lowered their price target on Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. lifted their price target on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research note on Thursday, August 21st. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $60.33.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue acquired 4,152 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were purchased at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the transaction, the chief executive officer owned 161,237 shares of the company’s stock, valued at $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is currently 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.