Dominion Energy Inc. $D Shares Purchased by Wilmington Savings Fund Society FSB

Key Points

• Wilmington Savings Fund Society FSB increased its holdings in Dominion Energy by 35.1%, owning 44,619 shares worth approximately $2.52 million, after acquiring an additional 11,585 shares during the second quarter.
• CEO Robert M. Blue purchased 4,152 shares at $60.35 per share, increasing his ownership in the company to 161,237 shares valued at about $9.73 million.
• Dominion Energy recently announced a quarterly dividend of $0.6675, yielding approximately 4.3%, with a payout ratio of 92.07%.

Wilmington Savings Fund Society FSB boosted its position in Dominion Energy Inc. (NYSE:D - Free Report) by 35.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,619 shares of the utilities provider's stock after acquiring an additional 11,585 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Dominion Energy were worth $2,522,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Morningstar Investment Management LLC acquired a new stake in Dominion Energy in the second quarter valued at approximately $224,000. RFG Advisory LLC raised its holdings in Dominion Energy by 72.3% in the second quarter. RFG Advisory LLC now owns 11,481 shares of the utilities provider's stock valued at $649,000 after acquiring an additional 4,816 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in Dominion Energy by 1.6% in the second quarter. Axxcess Wealth Management LLC now owns 59,868 shares of the utilities provider's stock valued at $3,384,000 after acquiring an additional 970 shares in the last quarter. NorthRock Partners LLC raised its holdings in Dominion Energy by 24.4% in the second quarter. NorthRock Partners LLC now owns 12,327 shares of the utilities provider's stock valued at $696,000 after acquiring an additional 2,416 shares in the last quarter. Finally, Concord Asset Management LLC VA raised its holdings in Dominion Energy by 36.6% during the second quarter. Concord Asset Management LLC VA now owns 20,445 shares of the utilities provider's stock worth $1,156,000 after purchasing an additional 5,479 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Insiders Place Their Bets

In other news, CEO Robert M. Blue acquired 4,152 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the transaction, the chief executive officer directly owned 161,237 shares in the company, valued at approximately $9,730,652.95. This represents a 2.64% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by company insiders.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $61.68 on Thursday. The firm's fifty day simple moving average is $60.48 and its 200-day simple moving average is $57.34. The stock has a market capitalization of $52.64 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 1.33 and a beta of 0.62. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.46. 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 (NYSE:D - Get Free Report) last announced its earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). The business 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 business's revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, equities analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Friday, September 5th. Dominion Energy's dividend payout ratio (DPR) is 92.07%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on D. Morgan Stanley cut their price objective on shares of 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. raised their price objective on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a report on Thursday, August 21st. Barclays raised their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "overweight" rating in a report on Tuesday, October 7th. Evercore ISI began coverage on shares of Dominion Energy in a report on Tuesday, October 7th. They set an "in-line" rating and a $67.00 price objective on the stock. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Dominion Energy in a report on Wednesday, October 8th. One research 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. According to data from MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and a consensus price target of $62.00.

About Dominion Energy

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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