Mainstay Capital Management LLC ADV grew its position in Dominion Energy Inc. (NYSE:D - Free Report) by 100.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,918 shares of the utilities provider's stock after acquiring an additional 7,959 shares during the quarter. Mainstay Capital Management LLC ADV's holdings in Dominion Energy were worth $900,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of D. Brighton Jones LLC boosted its holdings in shares of Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock valued at $489,000 after acquiring an additional 3,553 shares during the period. NBC Securities Inc. raised its stake in shares of Dominion Energy by 196,200.0% during the first quarter. NBC Securities Inc. now owns 1,963 shares of the utilities provider's stock worth $110,000 after purchasing an additional 1,962 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Dominion Energy by 8.7% during the first quarter. Park Avenue Securities LLC now owns 25,621 shares of the utilities provider's stock worth $1,437,000 after purchasing an additional 2,056 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new stake in shares of Dominion Energy during the first quarter worth approximately $224,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Dominion Energy by 114.8% during the first quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock worth $680,000 after purchasing an additional 6,462 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.
Dominion Energy Trading Down 0.5%
NYSE:D opened at $60.56 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. The stock has a market capitalization of $51.68 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 1.32 and a beta of 0.62. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.46. The stock has a fifty day moving average price of $60.41 and a two-hundred day moving average price of $57.09.
Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.02). The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the company posted $0.65 EPS. 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 earnings per share for the current fiscal year.
Dominion Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. Dominion Energy's dividend payout ratio (DPR) is presently 92.07%.
Insider Activity at Dominion Energy
In related news, CEO Robert M. Blue acquired 4,152 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were acquired at an average price of $60.35 per share, with a total value of $250,573.20. Following the completion of the purchase, the chief executive officer directly owned 161,237 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several research firms have recently commented on D. Weiss Ratings restated a "hold (c+)" rating on shares of Dominion Energy in a research note on Wednesday. Barclays upped their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an "overweight" rating in a research note on Tuesday. Morgan Stanley cut their price target on Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Evercore ISI initiated coverage on Dominion Energy in a research report on Tuesday. They issued an "in-line" rating and a $67.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and an average price target of $62.00.
Get Our Latest Analysis on Dominion Energy
Dominion Energy Company Profile
(
Free Report)
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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