Dominion Energy Inc. $D Shares Bought by Allworth Financial LP

Allworth Financial LP grew its position in shares of Dominion Energy Inc. (NYSE:D) by 32.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,616 shares of the utilities provider’s stock after buying an additional 7,078 shares during the quarter. Allworth Financial LP’s holdings in Dominion Energy were worth $1,617,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Dominion Energy by 64.3% in the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after purchasing an additional 3,553 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in shares of Dominion Energy by 22.3% in the first quarter. Apollon Wealth Management LLC now owns 29,592 shares of the utilities provider’s stock valued at $1,659,000 after buying an additional 5,388 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Dominion Energy by 6.1% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 10,285 shares of the utilities provider’s stock valued at $577,000 after buying an additional 590 shares in the last quarter. Larson Financial Group LLC grew its holdings in Dominion Energy by 141.6% during the first quarter. Larson Financial Group LLC now owns 1,585 shares of the utilities provider’s stock worth $89,000 after acquiring an additional 929 shares during the period. Finally, Victory Capital Management Inc. raised its position in Dominion Energy by 6.7% in the first quarter. Victory Capital Management Inc. now owns 642,025 shares of the utilities provider’s stock worth $35,998,000 after acquiring an additional 40,127 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Insider Buying and Selling

In other news, CEO Robert M. Blue bought 4,152 shares of the stock in a transaction 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 purchase, the chief executive officer owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $70.00 target price on shares of Dominion Energy in a research report on Tuesday, October 28th. Barclays boosted their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. Evercore ISI began coverage on shares of Dominion Energy in a research report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price target for the company. Finally, JPMorgan Chase & Co. upped 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. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Dominion Energy has a consensus rating of “Hold” and an average price target of $64.22.

Dominion Energy Stock Down 0.8%

Shares of NYSE:D opened at $60.86 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $51.97 billion, a P/E ratio of 20.99, a P/E/G ratio of 2.13 and a beta of 0.63. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.52. The stock’s fifty day simple moving average is $60.37 and its 200-day simple moving average is $58.42.

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

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Investors of record on Friday, December 5th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy’s dividend payout ratio (DPR) is 90.82%.

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.