Concurrent Investment Advisors LLC Sells 5,958 Shares of Dominion Energy Inc. $D

Key Points

• Concurrent Investment Advisors LLC reduced its holdings in Dominion Energy by 16.8%, selling 5,958 shares, resulting in ownership of 29,580 shares valued at approximately $1.67 million.
• Dominion Energy's latest earnings report showed a quarterly revenue of $3.81 billion, exceeding estimates, but earnings per share missed expectations at $0.75.
• The company declared a quarterly dividend of $0.6675 per share, which reflects an annualized dividend yield of 4.3%.

Concurrent Investment Advisors LLC lowered its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 16.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 29,580 shares of the utilities provider's stock after selling 5,958 shares during the period. Concurrent Investment Advisors LLC's holdings in Dominion Energy were worth $1,672,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. AlphaQuest LLC bought a new position in shares of Dominion Energy during the 1st quarter worth approximately $27,000. VSM Wealth Advisory LLC bought a new position in Dominion Energy during the first quarter worth $28,000. Dagco Inc. bought a new position in Dominion Energy during the first quarter worth $31,000. ANTIPODES PARTNERS Ltd bought a new position in Dominion Energy during the first quarter worth $34,000. Finally, N.E.W. Advisory Services LLC bought a new position in Dominion Energy during the first quarter worth $34,000. Institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Performance

NYSE:D opened at $61.55 on Wednesday. The stock has a fifty day moving average price of $60.47 and a 200-day moving average price of $57.31. The company has a market cap of $52.53 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.33 and a beta of 0.62. 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 Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.46.

Dominion Energy (NYSE:D - Get Free Report) last released 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). 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 for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The business's revenue 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. As a group, equities analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, September 20th. Stockholders of record on Friday, September 5th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy's dividend payout ratio is 92.07%.

Insiders Place Their Bets

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was purchased at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the purchase, the chief executive officer directly owned 161,237 shares of the company's stock, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.11% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on D. Morgan Stanley reduced their target price on shares of Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. JPMorgan Chase & Co. boosted their price objective on Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a report on Thursday, August 21st. Barclays boosted their price objective on Dominion Energy from $60.00 to $63.00 and gave the stock an "overweight" rating in a report on Tuesday, October 7th. Weiss Ratings restated a "hold (c+)" rating on shares of Dominion Energy in a research note on Wednesday, October 8th. Finally, Evercore ISI initiated coverage on Dominion Energy in a research note on Tuesday, October 7th. They issued an "in-line" rating and a $67.00 price target for the company. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Dominion Energy presently has an average rating of "Hold" and a consensus target price of $62.00.

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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