Capital Investment Advisors LLC Cuts Stock Holdings in Dominion Energy Inc. $D

Key Points

• Capital Investment Advisors LLC reduced its stake in Dominion Energy Inc. by 7.4%, bringing its holdings to 69,705 shares valued at approximately $3.94 million.
• CEO Robert M. Blue acquired 4,152 shares of Dominion Energy, increasing his ownership by 2.64% and holding shares valued at about $9.73 million.
• Analysts remain cautious on Dominion Energy with an average rating of "Hold" and a target price set at $60.33, while the stock recently traded around $61.14.

Capital Investment Advisors LLC lowered its stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 7.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,705 shares of the utilities provider's stock after selling 5,587 shares during the quarter. Capital Investment Advisors LLC's holdings in Dominion Energy were worth $3,940,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Patton Fund Management Inc. purchased a new stake in shares of Dominion Energy during the second quarter worth $235,000. Sowell Financial Services LLC acquired a new position in shares of Dominion Energy during the first quarter worth $314,000. QRG Capital Management Inc. increased its holdings in Dominion Energy by 13.8% in the first quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider's stock valued at $503,000 after buying an additional 1,087 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Dominion Energy by 114.8% in the first quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock valued at $680,000 after buying an additional 6,462 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in Dominion Energy by 7.0% in the first quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider's stock valued at $527,000 after buying an additional 616 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the firm's 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 completion of the purchase, the chief executive officer owned 161,237 shares of the company's stock, valued at approximately $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.11% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on D. Morgan Stanley dropped their target price 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. JPMorgan Chase & Co. increased their target price on Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a report on Thursday, August 21st. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $60.33.

Dominion Energy Stock Performance

NYSE D opened at $61.14 on Wednesday. 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 Inc. has a 1 year low of $48.07 and a 1 year high of $62.46. The company has a market capitalization of $52.18 billion, a PE ratio of 21.08, a P/E/G ratio of 1.32 and a beta of 0.60. The company has a fifty day moving average of $60.10 and a two-hundred day moving average of $56.85.

Dominion Energy (NYSE:D - Get Free Report) last released 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 net margin of 16.45% and a return on equity of 9.68%. The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the prior year, the company earned $0.65 EPS. The business's revenue was up 9.3% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, 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 announced a quarterly dividend, which was paid on Saturday, September 20th. Stockholders of record on Friday, September 5th were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, September 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. Dominion Energy's dividend payout ratio is 92.07%.

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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