Dakota Wealth Management Has $2.80 Million Stock Position in Dominion Energy Inc. $D

Key Points

• Dakota Wealth Management reduced its stake in Dominion Energy by 9.7%, now holding approximately $2.80 million worth of shares.
• Dominion Energy's recent quarterly earnings showed a miss in earnings per share at $0.75, compared to analyst expectations of $0.77, although revenue exceeded expectations.
• The company has announced a quarterly dividend of $0.6675 per share, which represents an annualized yield of 4.5% with a payout ratio of 92.07%.

Dakota Wealth Management lowered its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 9.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,562 shares of the utilities provider's stock after selling 5,312 shares during the quarter. Dakota Wealth Management's holdings in Dominion Energy were worth $2,801,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of D. Park Square Financial Group LLC acquired a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $27,000. AlphaQuest LLC acquired a new position in Dominion Energy in the 1st quarter worth approximately $27,000. VSM Wealth Advisory LLC purchased a new position in Dominion Energy during the 1st quarter worth approximately $28,000. Dagco Inc. acquired a new stake in Dominion Energy during the 1st quarter valued at $31,000. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in shares of Dominion Energy in the first quarter valued at $34,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Shares of NYSE D opened at $59.65 on Friday. 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 one year low of $48.07 and a one year high of $62.46. The business's 50-day moving average price is $59.94 and its two-hundred day moving average price is $56.70. The company has a market capitalization of $50.91 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 1.32 and a beta of 0.60.

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 firm had revenue of $3.81 billion for the quarter, compared to analysts' expectations of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the business earned $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were paid a $0.6675 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.5%. Dominion Energy's payout ratio is 92.07%.

Insider Buying and Selling

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was bought at an average cost of $60.35 per share, with a total value of $250,573.20. Following the completion of the transaction, the chief executive officer directly owned 161,237 shares of the company's stock, valued at approximately $9,730,652.95. The trade was a 2.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on D. JPMorgan Chase & Co. lifted their price target on Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a report on Thursday, August 21st. Morgan Stanley lowered their target price on Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating on the stock in a research note on Thursday. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $60.33.

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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