Bogart Wealth LLC Boosts Stake in Dominion Energy Inc. $D

Key Points

• Bogart Wealth LLC significantly increased its stake in Dominion Energy Inc. by 3,442.7%, owning 136,431 shares worth approximately $7.71 million as of the end of the last quarter.
• Dominion Energy reported a quarterly earnings per share (EPS) of $0.75, slightly missing the consensus estimate of $0.77.
• The company announced a quarterly dividend of $0.6675 per share, reflecting a 4.4% yield based on an annualized dividend of $2.67.

Bogart Wealth LLC increased its position in Dominion Energy Inc. (NYSE:D - Free Report) by 3,442.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,431 shares of the utilities provider's stock after buying an additional 132,580 shares during the period. Bogart Wealth LLC's holdings in Dominion Energy were worth $7,711,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Patton Fund Management Inc. bought a new stake in Dominion Energy during the second quarter worth approximately $235,000. Sowell Financial Services LLC purchased a new stake in Dominion Energy during the first quarter valued at approximately $314,000. QRG Capital Management Inc. raised its position in Dominion Energy by 13.8% during the first quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider's stock valued at $503,000 after purchasing an additional 1,087 shares during the period. Bessemer Group Inc. raised its position in Dominion Energy by 7.0% during the first quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider's stock valued at $527,000 after purchasing an additional 616 shares during the period. Finally, Golden State Wealth Management LLC raised its position in Dominion Energy by 222.7% during the first quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 628 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Trading Down 0.1%

Shares of NYSE D opened at $60.58 on Monday. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.52. The company has a market cap of $51.70 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 1.31 and a beta of 0.62. The business's 50 day moving average price is $60.44 and its 200-day moving average price is $57.41. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67.

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 (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period last year, the company earned $0.65 EPS. The firm's revenue for the quarter 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. On average, sell-side analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.67 annualized dividend and a yield of 4.4%. Dominion Energy's dividend payout ratio is 92.07%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Weiss Ratings restated a "hold (c+)" rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Evercore ISI assumed coverage on Dominion Energy in a research report on Tuesday, October 7th. They set an "in-line" rating and a $67.00 price objective on the stock. JPMorgan Chase & Co. increased their price target on Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a report on Thursday, August 21st. Morgan Stanley reduced their price target on Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Finally, Barclays increased their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an "overweight" rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $62.00.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue acquired 4,152 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The shares were bought at an average price of $60.35 per share, with a total value of $250,573.20. Following the completion of the purchase, the chief executive officer directly owned 161,237 shares in the company, valued at $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by company insiders.

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.

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