Brighton Jones LLC Increases Position in Dominion Energy Inc. $D

Brighton Jones LLC grew its holdings in Dominion Energy Inc. (NYSE:D) by 40.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 11,824 shares of the utilities provider’s stock after buying an additional 3,376 shares during the period. Brighton Jones LLC’s holdings in Dominion Energy were worth $668,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Focus Partners Advisor Solutions LLC increased its stake in shares of Dominion Energy by 14.6% during the second quarter. Focus Partners Advisor Solutions LLC now owns 17,958 shares of the utilities provider’s stock worth $1,014,000 after acquiring an additional 2,293 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of Dominion Energy by 0.4% during the second quarter. State of New Jersey Common Pension Fund D now owns 282,416 shares of the utilities provider’s stock worth $15,962,000 after acquiring an additional 1,014 shares during the period. Leelyn Smith LLC increased its stake in shares of Dominion Energy by 1.8% during the second quarter. Leelyn Smith LLC now owns 45,767 shares of the utilities provider’s stock worth $2,587,000 after acquiring an additional 792 shares during the period. Sage Mountain Advisors LLC acquired a new position in shares of Dominion Energy during the second quarter worth about $288,000. Finally, Lee Danner & Bass Inc. increased its stake in shares of Dominion Energy by 1.3% during the second quarter. Lee Danner & Bass Inc. now owns 25,386 shares of the utilities provider’s stock worth $1,435,000 after acquiring an additional 317 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

D has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $70.00 price target on shares of Dominion Energy in a research note on Tuesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. Wells Fargo & Company assumed coverage on shares of Dominion Energy in a research report on Tuesday. They set an “overweight” rating and a $67.00 target price on the stock. Morgan Stanley upped their target price on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Finally, Evercore ISI assumed coverage on shares of Dominion Energy in a research report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 target price on the stock. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Dominion Energy presently has an average rating of “Hold” and a consensus target price of $63.78.

Insider Activity at Dominion Energy

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

Dominion Energy Trading Down 1.8%

Shares of D opened at $59.69 on Wednesday. The firm’s 50-day moving average is $60.37 and its two-hundred day moving average is $57.88. The firm has a market capitalization of $50.94 billion, a P/E ratio of 20.58, a PEG ratio of 2.20 and a beta of 0.62. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.52. 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 (NYSE:D) last released its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm’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 earned $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, research analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 20th. Stockholders 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 annualized dividend and a dividend yield of 4.5%. Dominion Energy’s dividend payout ratio is currently 92.07%.

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.