Cwm LLC Decreases Holdings in Dominion Energy Inc. $D

Cwm LLC decreased its holdings in shares of Dominion Energy Inc. (NYSE:D) by 87.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,225 shares of the utilities provider’s stock after selling 387,366 shares during the quarter. Cwm LLC’s holdings in Dominion Energy were worth $3,256,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Patton Fund Management Inc. acquired a new stake in Dominion Energy in the second quarter valued at about $235,000. Rockefeller Capital Management L.P. raised its stake in shares of Dominion Energy by 6.9% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 186,885 shares of the utilities provider’s stock worth $10,563,000 after buying an additional 12,041 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Dominion Energy by 16.2% in the 2nd quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock valued at $5,979,551,000 after buying an additional 14,715,895 shares during the period. Bryn Mawr Trust Advisors LLC boosted its stake in shares of Dominion Energy by 19.0% in the second quarter. Bryn Mawr Trust Advisors LLC now owns 104,710 shares of the utilities provider’s stock valued at $5,918,000 after buying an additional 16,731 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new position in Dominion Energy during the second quarter worth $240,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Morgan Stanley upped their target price on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Barclays boosted their price target on Dominion Energy from $63.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $70.00 price objective on shares of Dominion Energy in a research note on Tuesday, October 28th. JPMorgan Chase & Co. reduced their price objective on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a report on Thursday, December 11th. Finally, BTIG Research began coverage on Dominion Energy in a report on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $64.75.

Dominion Energy Stock Performance

NYSE:D opened at $58.61 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.84 and a quick ratio of 0.65. The firm has a market cap of $50.05 billion, a PE ratio of 19.94, a P/E/G ratio of 1.68 and a beta of 0.72. The firm has a 50 day simple moving average of $59.95 and a 200-day simple moving average of $59.47. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.87.

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, topping the consensus estimate of $1.02 by $0.04. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.71 billion. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. 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. On average, equities analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 20th. Stockholders of record on Friday, December 5th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Friday, December 5th. Dominion Energy’s dividend payout ratio is presently 90.82%.

Dominion Energy Company Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.