Hall Capital Management Co. Inc. cut its stake in Dominion Energy Inc. (NYSE:D – Free Report) by 14.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,088 shares of the utilities provider’s stock after selling 710 shares during the period. Hall Capital Management Co. Inc.’s holdings in Dominion Energy were worth $231,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of D. Wellington Management Group LLP increased its stake in shares of Dominion Energy by 19.4% during the first quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock valued at $994,917,000 after purchasing an additional 2,882,252 shares in the last quarter. Nuveen LLC bought a new stake in shares of Dominion Energy in the 1st quarter worth approximately $96,723,000. AQR Capital Management LLC boosted its position in shares of Dominion Energy by 588.9% in the 1st quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider’s stock worth $109,678,000 after purchasing an additional 1,687,819 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Dominion Energy by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock worth $5,106,823,000 after purchasing an additional 1,565,459 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Dominion Energy by 12.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider’s stock worth $790,092,000 after purchasing an additional 1,552,985 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have recently commented on D shares. Barclays boosted their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research report on Thursday, August 21st. Morgan Stanley dropped their price target on Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Evercore ISI started coverage on Dominion Energy in a research report on Tuesday. They issued an “in-line” rating and a $67.00 price target on the stock. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a research report on Saturday, September 27th. One 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.00.
Dominion Energy Price Performance
Shares of NYSE D 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 firm has a market cap of $51.94 billion, a P/E ratio of 20.98, a PEG ratio of 1.33 and a beta of 0.62. The company has a 50 day moving average of $60.37 and a 200 day moving average of $57.07. 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 – Get Free Report) last announced 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). The firm had revenue of $3.81 billion during 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%.Dominion Energy’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 earnings per share. 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 EPS for the current fiscal year.
Dominion Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy’s payout ratio is currently 92.07%.
Insiders Place Their Bets
In related news, CEO Robert M. Blue bought 4,152 shares of the firm’s 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 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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.
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