PFG Investments LLC Has $2.21 Million Stock Position in Dominion Energy Inc. $D

PFG Investments LLC reduced its stake in shares of Dominion Energy Inc. (NYSE:D) by 6.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,122 shares of the utilities provider’s stock after selling 2,902 shares during the quarter. PFG Investments LLC’s holdings in Dominion Energy were worth $2,211,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of D. AlphaQuest LLC acquired a new stake in Dominion Energy in the first quarter valued at about $27,000. VSM Wealth Advisory LLC acquired a new stake in Dominion Energy in the first quarter valued at about $28,000. Dagco Inc. acquired a new stake in Dominion Energy in the first quarter valued at about $31,000. ANTIPODES PARTNERS Ltd acquired a new stake in Dominion Energy in the first quarter valued at about $34,000. Finally, N.E.W. Advisory Services LLC bought a new position in Dominion Energy in the first quarter valued at about $34,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on D. JPMorgan Chase & Co. lifted their price target on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. Morgan Stanley cut their price target 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. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $60.33.

Dominion Energy Price Performance

Shares of D opened at $60.95 on Thursday. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.46. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The company has a market capitalization of $52.01 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 1.33 and a beta of 0.62. The business has a 50-day moving average of $60.16 and a 200-day moving average of $56.87.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) 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 the consensus estimate of $3.73 billion. During the same quarter last year, the business earned $0.65 earnings per share. Dominion Energy’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, equities research analysts anticipate 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. Shareholders of record on Friday, September 5th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Friday, September 5th. Dominion Energy’s payout ratio is presently 92.07%.

Insiders Place Their Bets

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the stock in a transaction on Wednesday, August 27th. The stock was acquired at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the acquisition, the chief executive officer owned 161,237 shares in the company, valued at $9,730,652.95. This trade represents a 2.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.11% of the company’s stock.

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.