GW Henssler & Associates Ltd. Acquires 34,593 Shares of Dominion Energy Inc. $D

Key Points

• GW Henssler & Associates Ltd. increased its position in Dominion Energy by 6.5%, owning 567,458 shares after purchasing an additional 34,593 shares, making it the firm's 14th largest holding.
• CEO Robert M. Blue bought 4,152 shares of Dominion for approximately $250,573, increasing his total ownership to about 161,237 shares.
• Dominion Energy plans to pay a quarterly dividend of $0.6675 per share, yielding 4.5%, with a payout ratio of 92.07%.

GW Henssler & Associates Ltd. lifted its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 6.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 567,458 shares of the utilities provider's stock after buying an additional 34,593 shares during the period. Dominion Energy makes up approximately 1.8% of GW Henssler & Associates Ltd.'s portfolio, making the stock its 14th biggest holding. GW Henssler & Associates Ltd. owned 0.07% of Dominion Energy worth $31,817,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sowell Financial Services LLC purchased a new position in shares of Dominion Energy in the 1st quarter worth about $314,000. QRG Capital Management Inc. boosted its holdings in shares of Dominion Energy by 13.8% in the 1st 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 last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Dominion Energy by 114.8% in the 1st 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 last quarter. Bessemer Group Inc. lifted its holdings 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 last quarter. Finally, Golden State Wealth Management LLC lifted its holdings 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 last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Insiders Place Their Bets

In other Dominion Energy news, CEO Robert M. Blue purchased 4,152 shares of Dominion Energy stock in a transaction on Wednesday, August 27th. The shares were acquired at an average cost of $60.35 per share, for a total transaction 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.11% of the stock is owned by corporate insiders.

Dominion Energy Price Performance

D traded down $0.13 on Thursday, reaching $58.79. The company had a trading volume of 5,583,406 shares, compared to its average volume of 5,279,697. The business has a 50 day simple moving average of $59.07 and a 200 day simple moving average of $56.29. The company has a market cap of $50.18 billion, a price-to-earnings ratio of 20.27, a P/E/G ratio of 1.30 and a beta of 0.60. 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 52-week low of $48.07 and a 52-week high of $62.46.

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

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy's dividend payout ratio (DPR) is currently 92.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of 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 price target on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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.