Dominion Energy Inc. $D Shares Sold by Cypress Capital Group

Cypress Capital Group lowered its position in shares of Dominion Energy Inc. (NYSE:D) by 5.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,015 shares of the utilities provider’s stock after selling 360 shares during the quarter. Cypress Capital Group’s holdings in Dominion Energy were worth $340,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AlphaQuest LLC acquired a new position in Dominion Energy in the 1st quarter valued at $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Dominion Energy in the first quarter valued at about $28,000. Dagco Inc. acquired a new stake in shares of Dominion Energy in the first quarter valued at about $31,000. N.E.W. Advisory Services LLC purchased a new position in shares of Dominion Energy in the first quarter worth about $34,000. Finally, ANTIPODES PARTNERS Ltd acquired a new position in Dominion Energy during the first quarter worth about $34,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Insider Activity at Dominion Energy

In related news, CEO Robert M. Blue acquired 4,152 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was purchased at an average price of $60.35 per share, with a total value of $250,573.20. Following the transaction, the chief executive officer owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on D. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. Evercore ISI started coverage on Dominion Energy in a report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price target for the company. Morgan Stanley lowered their price objective on Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Barclays upped their target price on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. 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 report on Thursday, August 21st. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.00.

Dominion Energy Price Performance

NYSE:D opened at $61.34 on Tuesday. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.46. The stock’s fifty day moving average is $60.46 and its two-hundred day moving average is $57.28. The company has a market capitalization of $52.35 billion, a P/E ratio of 21.15, a P/E/G ratio of 1.32 and a beta of 0.62. 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 (NYSE:D) last released its quarterly 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 business 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 business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Equities analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, September 20th. Stockholders of record on Friday, September 5th were paid a $0.6675 dividend. 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 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.