Geneos Wealth Management Inc. Increases Position in Dominion Energy Inc. $D

Geneos Wealth Management Inc. raised its holdings in shares of Dominion Energy Inc. (NYSE:D) by 7.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,334 shares of the utilities provider’s stock after buying an additional 796 shares during the period. Geneos Wealth Management Inc.’s holdings in Dominion Energy were worth $635,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dynamic Advisor Solutions LLC increased its position in shares of Dominion Energy by 3.3% in the first quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider’s stock worth $338,000 after acquiring an additional 193 shares in the last quarter. Centre Asset Management LLC boosted its stake in Dominion Energy by 3.3% during the 1st quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider’s stock valued at $350,000 after acquiring an additional 198 shares during the last quarter. Cornerstone Wealth Group LLC boosted its stake in Dominion Energy by 1.1% during the 1st quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider’s stock valued at $1,022,000 after acquiring an additional 202 shares during the last quarter. Verdence Capital Advisors LLC boosted its stake in Dominion Energy by 4.6% during the 1st quarter. Verdence Capital Advisors LLC now owns 4,688 shares of the utilities provider’s stock valued at $263,000 after acquiring an additional 208 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its position in shares of Dominion Energy by 40.2% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 729 shares of the utilities provider’s stock worth $41,000 after buying an additional 209 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Dominion Energy stock opened at $60.09 on Friday. The firm’s 50 day simple moving average is $59.41 and its 200-day simple moving average is $56.42. The company has a market cap of $51.28 billion, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 1.30 and a beta of 0.60. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.46.

Dominion Energy (NYSE:D) last released its earnings results 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). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period last year, the business earned $0.65 earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, equities research analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be paid a $0.6675 dividend. The ex-dividend date is 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 92.07%.

Insider Transactions at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of Dominion Energy stock in a transaction on Wednesday, August 27th. The stock was purchased at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the purchase, the chief executive officer directly owned 161,237 shares of the company’s stock, valued at $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on D. Morgan Stanley reduced their price target on shares of Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 18th. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Dominion Energy presently has an average rating of “Hold” and an average price target of $59.57.

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.