Dominion Energy Inc. $D Shares Acquired by Financial Security Advisor Inc.

Financial Security Advisor Inc. raised its stake in shares of Dominion Energy Inc. (NYSE:D) by 3.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,610 shares of the utilities provider’s stock after acquiring an additional 1,270 shares during the period. Financial Security Advisor Inc.’s holdings in Dominion Energy were worth $2,069,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Patton Fund Management Inc. acquired a new position in shares of Dominion Energy in the second quarter valued at approximately $235,000. Sowell Financial Services LLC acquired a new position in shares of Dominion Energy in the first quarter valued at approximately $314,000. QRG Capital Management Inc. grew its holdings 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 purchasing an additional 1,087 shares in the last quarter. Farther Finance Advisors LLC grew its holdings 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 purchasing an additional 6,462 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings 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 purchasing an additional 616 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

D has been the subject of a number of research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday. Morgan Stanley dropped their price objective on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Barclays lifted their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday. Evercore ISI initiated coverage on shares of Dominion Energy in a report on Tuesday. They issued an “in-line” rating and a $67.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of 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, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and a consensus target price of $62.00.

Dominion Energy Stock Down 0.6%

Shares of Dominion Energy stock opened at $60.19 on Friday. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.46. The company has a 50 day moving average of $60.45 and a 200 day moving average of $57.13. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $51.37 billion, a P/E ratio of 20.76, a P/E/G ratio of 1.31 and a beta of 0.62.

Dominion Energy (NYSE:D) last issued its quarterly earnings data 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). The company had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, research analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Stockholders of record on Friday, September 5th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Friday, September 5th. Dominion Energy’s payout ratio is currently 92.07%.

Insider Buying and Selling at Dominion Energy

In related news, CEO Robert M. Blue acquired 4,152 shares of Dominion Energy stock in a transaction dated Wednesday, August 27th. The stock was acquired at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the transaction, the chief executive officer owned 161,237 shares of the company’s stock, valued at $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

Dominion Energy Company 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.