27,500 Shares in Dominion Energy Inc. $D Purchased by Advanced Portfolio Management LLC

Advanced Portfolio Management LLC acquired a new stake in Dominion Energy Inc. (NYSE:D) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 27,500 shares of the utilities provider’s stock, valued at approximately $1,554,000. Dominion Energy comprises about 4.3% of Advanced Portfolio Management LLC’s portfolio, making the stock its 9th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. SPC Financial Inc. grew its position in shares of Dominion Energy by 1.4% in the second quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock valued at $688,000 after purchasing an additional 172 shares in the last quarter. Maridea Wealth Management LLC boosted its stake in Dominion Energy by 2.1% during the second quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock worth $505,000 after buying an additional 183 shares during the last quarter. Quotient Wealth Partners LLC boosted its stake in Dominion Energy by 2.4% during the second quarter. Quotient Wealth Partners LLC now owns 7,795 shares of the utilities provider’s stock worth $441,000 after buying an additional 184 shares during the last quarter. Empirical Finance LLC grew its holdings in Dominion Energy by 0.6% in the 2nd quarter. Empirical Finance LLC now owns 29,240 shares of the utilities provider’s stock valued at $1,653,000 after buying an additional 186 shares in the last quarter. Finally, Private Client Services LLC increased its stake in shares of Dominion Energy by 3.1% in the 2nd quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider’s stock worth $352,000 after acquiring an additional 188 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of NYSE:D opened at $59.87 on Friday. The business’s fifty day moving average price is $60.81 and its two-hundred day moving average price is $59.10. The stock has a market cap of $51.13 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 1.72 and a beta of 0.70. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.65 and a current ratio of 0.84. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.87.

Dominion Energy (NYSE:D) last released its quarterly 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. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. On average, analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company 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 $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Friday, December 5th. Dominion Energy’s dividend payout ratio is 90.82%.

Wall Street Analysts Forecast Growth

D has been the topic of several recent research reports. Wells Fargo & Company started coverage on shares of Dominion Energy in a research report on Tuesday, October 28th. They set an “overweight” rating and a $67.00 price target on the stock. Evercore ISI initiated coverage on shares of Dominion Energy in a research note on Tuesday, October 7th. They set an “in-line” rating and a $67.00 target price on the stock. Morgan Stanley boosted 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. Barclays raised their price target 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. Finally, BTIG Research assumed coverage on shares of Dominion Energy in a research report on Wednesday, October 22nd. They set a “neutral” rating on the stock. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus 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.