AGP Franklin LLC Has $3.18 Million Stock Holdings in Dominion Energy Inc. $D

AGP Franklin LLC grew its position in Dominion Energy Inc. (NYSE:D) by 11.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 56,258 shares of the utilities provider’s stock after buying an additional 5,565 shares during the period. Dominion Energy accounts for approximately 1.7% of AGP Franklin LLC’s investment portfolio, making the stock its 17th largest holding. AGP Franklin LLC’s holdings in Dominion Energy were worth $3,180,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQuest LLC bought a new position in Dominion Energy in the first quarter valued at about $27,000. Westside Investment Management Inc. lifted its position in Dominion Energy by 123.3% during the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 259 shares during the period. Dagco Inc. acquired a new stake in shares of Dominion Energy during the 1st quarter worth approximately $31,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Dominion Energy during the 1st quarter worth approximately $34,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Dominion Energy during the second quarter worth approximately $36,000. Institutional investors own 73.04% of the company’s stock.

Insider Buying and Selling at Dominion Energy

In related news, CEO Robert M. Blue acquired 4,152 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were bought at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the purchase, the chief executive officer directly owned 161,237 shares in the company, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by company insiders.

Dominion Energy Trading Up 1.0%

NYSE D opened at $61.46 on Friday. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.52. The stock’s 50 day moving average price is $60.60 and its two-hundred day moving average price is $58.70. The stock has a market capitalization of $52.49 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 2.13 and a beta of 0.63. 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 (NYSE:D) last released its earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. The business 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on D. Wells Fargo & Company assumed coverage on shares of Dominion Energy in a report on Tuesday, October 28th. They set an “overweight” rating and a $67.00 target price for the company. BTIG Research assumed coverage on Dominion Energy in a research report on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Evercore ISI assumed coverage on Dominion Energy in a research note on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price objective for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their target price on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a report on Thursday, August 21st. Two research 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.