Dominion Energy Inc. $D Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its stake in shares of Dominion Energy Inc. (NYSE:D) by 5.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 248,389 shares of the utilities provider’s stock after selling 13,610 shares during the period. Corient Private Wealth LLC’s holdings in Dominion Energy were worth $14,039,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CoreFirst Bank & Trust purchased a new stake in Dominion Energy during the second quarter worth about $25,000. Westside Investment Management Inc. increased its stake in shares of 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 acquiring an additional 259 shares during the last quarter. AlphaQuest LLC purchased a new position in Dominion Energy during the first quarter worth approximately $27,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Dominion Energy in the 2nd quarter valued at about $32,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Dominion Energy during the 2nd quarter valued at $36,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 0.0%

Shares of NYSE:D opened at $60.08 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.65 and a current ratio of 0.84. The company has a market cap of $51.31 billion, a P/E ratio of 20.44, a P/E/G ratio of 1.72 and a beta of 0.70. The stock’s 50-day moving average is $60.43 and its 200-day moving average is $59.28. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.87.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, October 31st. The utilities provider reported $1.06 EPS 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 analyst estimates of $4.71 billion. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.Dominion Energy’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Equities research analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company 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 $0.6675 dividend. 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 payout ratio is 90.82%.

Wall Street Analysts Forecast Growth

D has been the subject of several research analyst reports. Barclays increased their target price on Dominion Energy from $63.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday. BMO Capital Markets reduced 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. Morgan Stanley lifted their price target on Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. Wells Fargo & Company started coverage on Dominion Energy in a research note on Tuesday, October 28th. They set an “overweight” rating and a $67.00 price objective for the company. Finally, Evercore ISI started coverage on Dominion Energy in a research report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 target price on the stock. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $64.75.

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.