Sax Wealth Advisors LLC Invests $229,000 in Dominion Energy Inc. $D

Key Points

• Sax Wealth Advisors LLC has acquired a new stake in Dominion Energy Inc. by buying 4,092 shares valued at approximately $229,000.
• The company last reported earnings of $0.75 per share, missing analyst estimates, but had a revenue of $3.81 billion, exceeding forecasts.
• Dominion Energy has declared a quarterly dividend of $0.6675 with a dividend yield of 4.3%, scheduled for payment on September 20th.

Sax Wealth Advisors LLC acquired a new position in Dominion Energy Inc. (NYSE:D - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,092 shares of the utilities provider's stock, valued at approximately $229,000.

A number of other large investors have also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC boosted its stake in shares of Dominion Energy by 3.3% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider's stock worth $338,000 after purchasing an additional 193 shares during the period. Centre Asset Management LLC boosted its stake in shares of Dominion Energy by 3.3% during the 1st quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider's stock worth $350,000 after purchasing an additional 198 shares during the period. Cornerstone Wealth Group LLC boosted its stake in shares of Dominion Energy by 1.1% during the 1st quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider's stock worth $1,022,000 after purchasing an additional 202 shares during the period. Verdence Capital Advisors LLC boosted its stake in shares of Dominion Energy by 4.6% during the 1st quarter. Verdence Capital Advisors LLC now owns 4,688 shares of the utilities provider's stock worth $263,000 after purchasing an additional 208 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in shares of Dominion Energy by 40.2% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 729 shares of the utilities provider's stock worth $41,000 after purchasing an additional 209 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dominion Energy

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

Dominion Energy Trading Up 0.9%

D traded up $0.52 on Wednesday, reaching $60.34. 3,532,945 shares of the company traded hands, compared to its average volume of 5,317,295. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.46. The firm has a fifty day simple moving average of $58.63 and a two-hundred day simple moving average of $56.17. The company has a market cap of $51.49 billion, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 1.30 and a beta of 0.57. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the previous year, the business earned $0.65 EPS. The company's quarterly revenue was up 9.3% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, equities research analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders of record on Friday, September 5th will be issued a $0.6675 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. Dominion Energy's payout ratio is currently 92.07%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a research note on Thursday, August 21st. Morgan Stanley dropped their price target on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $59.57.

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.