Dominion Energy Inc. $D Stock Holdings Trimmed by Bragg Financial Advisors Inc

Key Points

• Bragg Financial Advisors Inc has decreased its position in Dominion Energy Inc. by 19.2%, selling 4,736 shares to hold a total of 19,872 shares valued at approximately $1,114,000.
• Other hedge funds have varied strategies: some increased their holdings significantly, such as Farther Finance Advisors LLC raising its stake by 114.8% during the same quarter.
• Dominion Energy recently declared a quarterly dividend of $0.6675, with an annualized dividend yield of 4.4%, reflecting a payout ratio of 92.07%.

Bragg Financial Advisors Inc cut its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 19.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,872 shares of the utilities provider's stock after selling 4,736 shares during the quarter. Bragg Financial Advisors Inc's holdings in Dominion Energy were worth $1,114,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sowell Financial Services LLC purchased a new stake in shares of Dominion Energy in the first quarter worth about $314,000. QRG Capital Management Inc. boosted its position in shares of Dominion Energy by 13.8% in the first quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider's stock worth $503,000 after buying an additional 1,087 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Dominion Energy by 114.8% in the first quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock worth $680,000 after buying an additional 6,462 shares during the period. Bessemer Group Inc. boosted its position in shares of Dominion Energy by 7.0% in the first quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider's stock worth $527,000 after buying an additional 616 shares during the period. Finally, Golden State Wealth Management LLC boosted its position in shares of Dominion Energy by 222.7% in the first quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider's stock worth $51,000 after buying an additional 628 shares during the period. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Performance

Shares of NYSE D traded up $0.33 during mid-day trading on Wednesday, hitting $60.15. The company had a trading volume of 1,147,863 shares, compared to its average volume of 5,292,056. The stock has a market cap of $51.33 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 1.31 and a beta of 0.57. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.46. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The firm's 50 day simple moving average is $58.51 and its two-hundred day simple moving average is $56.14.

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

Dominion Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on D. Morgan Stanley reduced their price target on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. 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. 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 currently has an average rating of "Hold" and an average price target 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.