49 Wealth Management LLC Has $399,000 Position in Dominion Energy Inc. $D

49 Wealth Management LLC grew its stake in Dominion Energy Inc. (NYSE:D) by 20.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,061 shares of the utilities provider’s stock after purchasing an additional 1,203 shares during the quarter. 49 Wealth Management LLC’s holdings in Dominion Energy were worth $399,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings 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 buying an additional 1,565,459 shares during the last quarter. Dodge & Cox raised its stake in shares of Dominion Energy by 3.0% during the 1st quarter. Dodge & Cox now owns 23,308,378 shares of the utilities provider’s stock valued at $1,306,901,000 after purchasing an additional 685,245 shares during the period. Wellington Management Group LLP raised its position in shares of Dominion Energy by 19.4% in 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 in the last quarter. Price T Rowe Associates Inc. MD raised its holdings 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 valued at $790,092,000 after acquiring an additional 1,552,985 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of Dominion Energy by 7.0% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 10,647,700 shares of the utilities provider’s stock valued at $597,017,000 after acquiring an additional 695,627 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

D stock opened at $61.59 on Monday. The firm’s 50-day moving average price is $60.21 and its two-hundred day moving average price is $58.27. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.52. The stock has a market capitalization of $52.60 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 2.13 and a beta of 0.63. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

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

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 20th. Investors of record on Friday, December 5th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, December 5th. Dominion Energy’s dividend payout ratio is presently 90.82%.

Insider Transactions at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the stock in a transaction dated 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 acquisition, the chief executive officer owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The transaction 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.

Analysts Set New Price Targets

D has been the subject of a number of research reports. Evercore ISI started coverage on Dominion Energy in a report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price objective for the company. BTIG Research initiated coverage on Dominion Energy in a research note on Wednesday, October 22nd. They issued a “neutral” rating for the company. Barclays increased their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. BMO Capital Markets lowered their price objective on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Finally, Morgan Stanley increased their target price on shares of Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $64.22.

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.