Bessemer Group Inc. Sells 1,377 Shares of Dominion Energy Inc. $D

Bessemer Group Inc. decreased its holdings in shares of Dominion Energy Inc. (NYSE:D) by 14.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,017 shares of the utilities provider’s stock after selling 1,377 shares during the quarter. Bessemer Group Inc.’s holdings in Dominion Energy were worth $453,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. AlphaQuest LLC bought a new stake in Dominion Energy during the 1st quarter valued at approximately $27,000. VSM Wealth Advisory LLC bought a new stake in shares of Dominion Energy in the 1st quarter worth approximately $28,000. Dagco Inc. bought a new stake in shares of Dominion Energy in the 1st quarter worth approximately $31,000. ANTIPODES PARTNERS Ltd bought a new stake in shares of Dominion Energy in the 1st quarter worth approximately $34,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Dominion Energy in the 1st quarter worth approximately $34,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 1.3%

Shares of D opened at $58.73 on Monday. The firm has a market capitalization of $50.12 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.13 and a beta of 0.62. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. The business’s fifty day moving average price is $60.22 and its two-hundred day moving average price is $58.03. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.52.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.04. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.71 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm’s revenue was up 14.9% on a year-over-year basis. During the same period last year, the company earned $0.98 EPS. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. On average, analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders of record on Friday, December 5th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, December 5th. Dominion Energy’s dividend payout ratio (DPR) is 92.07%.

Analysts Set New Price Targets

A number of analysts have commented on the company. BTIG Research assumed coverage on Dominion Energy in a research report on Wednesday, October 22nd. They issued a “neutral” rating for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Evercore ISI initiated coverage on Dominion Energy in a research report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price objective for the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $70.00 target price on shares of Dominion Energy in a report on Tuesday, October 28th. Finally, Wells Fargo & Company initiated coverage on Dominion Energy in a report on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 target price for the company. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Dominion Energy has an average rating of “Hold” and an average target price of $63.78.

Insider Buying and Selling

In related news, CEO Robert M. Blue bought 4,152 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were purchased at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the acquisition, the chief executive officer owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. This represents a 2.64% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company 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.