Dominion Energy Inc. $D Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC reduced its position in Dominion Energy Inc. (NYSE:D) by 6.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,333 shares of the utilities provider’s stock after selling 685 shares during the quarter. Parallel Advisors LLC’s holdings in Dominion Energy were worth $528,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of D. Wellington Management Group LLP boosted 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 worth $994,917,000 after buying an additional 2,882,252 shares during the period. Nuveen LLC acquired a new stake in Dominion Energy during the 1st quarter worth approximately $96,723,000. AQR Capital Management LLC lifted its position in Dominion Energy by 588.9% during the 1st quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider’s stock worth $109,678,000 after acquiring an additional 1,687,819 shares during the period. Vanguard Group Inc. lifted its position in Dominion Energy by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock worth $5,106,823,000 after acquiring an additional 1,565,459 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Dominion Energy by 12.4% during 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 acquiring an additional 1,552,985 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Dominion Energy stock opened at $59.93 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.46. The business has a fifty day moving average of $59.68 and a two-hundred day moving average of $56.54. The company has a market cap of $51.15 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 1.30 and a beta of 0.60.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the business earned $0.65 EPS. The firm’s revenue for the quarter 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, analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 annualized dividend and a yield of 4.5%. Dominion Energy’s payout ratio is currently 92.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on D shares. JPMorgan Chase & Co. increased 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. Morgan Stanley reduced their target price on shares of Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 18th. One 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 stock. Based on data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and an average target price of $59.83.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue acquired 4,152 shares of Dominion Energy stock in a transaction that occurred on Wednesday, August 27th. The stock was purchased at an average cost of $60.35 per share, with a total value 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.11% of the company’s stock.

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.