Belpointe Asset Management LLC Raises Stock Position in Dominion Energy Inc. $D

Key Points

• Belpointe Asset Management LLC has increased its ownership of Dominion Energy Inc. by 63.2%, now holding 15,705 shares valued at approximately $881,000.
• The recent quarterly earnings report showed Dominion Energy posted earnings per share of $0.75, missing expectations, but revenue grew to $3.81 billion, exceeding analyst projections.
• Dominion Energy announced a quarterly dividend of $0.6675 per share, with a yield of 4.4%, set to be paid on September 20th.

Belpointe Asset Management LLC grew its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 63.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,705 shares of the utilities provider's stock after acquiring an additional 6,079 shares during the period. Belpointe Asset Management LLC's holdings in Dominion Energy were worth $881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of D. Dynamic Advisor Solutions LLC lifted 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 valued at $338,000 after buying an additional 193 shares in the last quarter. Centre Asset Management LLC lifted 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 valued at $350,000 after buying an additional 198 shares in the last quarter. Cornerstone Wealth Group LLC lifted 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 valued at $1,022,000 after buying an additional 202 shares in the last quarter. Verdence Capital Advisors LLC lifted 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 valued at $263,000 after buying an additional 208 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted 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 valued at $41,000 after buying an additional 209 shares in the last quarter. Institutional investors own 73.04% of the company's stock.

Dominion Energy Price Performance

D traded up $0.58 on Monday, reaching $60.63. 6,002,366 shares of the company's stock were exchanged, compared to its average volume of 4,480,437. The stock has a market cap of $51.74 billion, a PE ratio of 20.91, a P/E/G ratio of 1.30 and a beta of 0.60. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.46. The stock's fifty day moving average price is $59.49 and its 200-day moving average price is $56.44. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly 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 business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The business's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Sell-side analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

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. The ex-dividend date is Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy's payout ratio is presently 92.07%.

Insiders Place Their Bets

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 shares were purchased at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the transaction, the chief executive officer owned 161,237 shares of the company's stock, valued at $9,730,652.95. The trade was a 2.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.11% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. JPMorgan Chase & Co. boosted 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 decreased 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 research note on Wednesday, June 18th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average 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.