Ameritas Advisory Services LLC Reduces Stake in Dominion Energy Inc. $D

Ameritas Advisory Services LLC lowered its holdings in Dominion Energy Inc. (NYSE:D) by 34.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 5,055 shares of the utilities provider’s stock after selling 2,665 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Dominion Energy were worth $286,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in D. Brighton Jones LLC increased its holdings in shares of Dominion Energy by 64.3% in the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after acquiring an additional 3,553 shares during the last quarter. NBC Securities Inc. boosted its position in shares of Dominion Energy by 196,200.0% in the 1st quarter. NBC Securities Inc. now owns 1,963 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 1,962 shares during the period. Gateway Investment Advisers LLC acquired a new stake in shares of Dominion Energy in the 1st quarter valued at about $225,000. Park Avenue Securities LLC boosted its position in shares of Dominion Energy by 8.7% in the 1st quarter. Park Avenue Securities LLC now owns 25,621 shares of the utilities provider’s stock valued at $1,437,000 after purchasing an additional 2,056 shares during the period. Finally, First Citizens Bank & Trust Co. acquired a new stake in shares of Dominion Energy in the 1st quarter valued at about $224,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Morgan Stanley decreased their target price on Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Evercore ISI assumed coverage on Dominion Energy in a research report on Tuesday. They issued an “in-line” rating and a $67.00 target price for the company. 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. Barclays upped their target price on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $62.00.

Insider Activity

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was acquired at an average cost of $60.35 per share, with a total value of $250,573.20. Following the purchase, the chief executive officer owned 161,237 shares in the company, valued at approximately $9,730,652.95. This represents a 2.64% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

Dominion Energy Stock Down 1.0%

Dominion Energy stock opened at $60.86 on Wednesday. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.46. The stock has a 50 day moving average of $60.37 and a two-hundred day moving average of $57.07. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $51.94 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.33 and a beta of 0.62.

Dominion Energy (NYSE:D) last posted its quarterly earnings data 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). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period in the previous year, the business posted $0.65 earnings per share. The firm’s revenue 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, research analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

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