Advisors Asset Management Inc. Lowers Stake in Dominion Energy Inc. $D

Key Points

• Advisors Asset Management Inc. reduced its position in Dominion Energy Inc. by 6.4%, selling 15,564 shares, bringing their total holdings to 225,947 shares valued at approximately $12.67 million.
• CEO Robert M. Blue bought 4,152 shares at an average price of $60.35, indicating insider confidence, while his position increased by 2.64% after the purchase.
• Dominion Energy's latest earnings report reflected a miss on EPS estimates, posting $0.75 versus a consensus of $0.77, although revenue improved by 9.3% year-over-year.

Advisors Asset Management Inc. lowered its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 225,947 shares of the utilities provider's stock after selling 15,564 shares during the period. Advisors Asset Management Inc.'s holdings in Dominion Energy were worth $12,669,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Orion Capital Management LLC bought a new position in shares of Dominion Energy during the 4th quarter valued at $27,000. Park Square Financial Group LLC bought a new stake in Dominion Energy in the 4th quarter worth $27,000. AlphaQuest LLC bought a new stake in Dominion Energy in the 1st quarter worth $27,000. VSM Wealth Advisory LLC bought a new stake in Dominion Energy in the 1st quarter worth $28,000. Finally, Dagco Inc. bought a new stake in Dominion Energy in the 1st quarter worth $31,000. Institutional investors own 73.04% of the company's stock.

Insider Transactions at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue purchased 4,152 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was bought at an average cost of $60.35 per share, with a total value of $250,573.20. Following the transaction, the chief executive officer directly owned 161,237 shares in the company, valued at approximately $9,730,652.95. The trade was a 2.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by company insiders.

Analyst Ratings Changes

D has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Dominion Energy has a consensus rating of "Hold" and an average target price of $59.57.

Dominion Energy Trading Down 1.1%

Shares of D traded down $0.62 during trading hours on Friday, reaching $58.17. 4,895,356 shares of the company traded hands, compared to its average volume of 4,161,962. The company's fifty day moving average price is $59.19 and its two-hundred day moving average price is $56.34. The company has a market capitalization of $49.65 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 1.26 and a beta of 0.60. 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 Inc. has a 12 month low of $48.07 and a 12 month high of $62.46.

Dominion Energy (NYSE:D - Get Free Report) last announced its earnings results 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). The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Equities research analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy's dividend payout ratio (DPR) is 92.07%.

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.