Alliancebernstein L.P. Lowers Stake in Dominion Energy Inc. $D

Alliancebernstein L.P. cut its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 9.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,019,841 shares of the utilities provider's stock after selling 103,111 shares during the period. Alliancebernstein L.P. owned 0.12% of Dominion Energy worth $57,182,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. AlphaQuest LLC acquired a new position in shares of Dominion Energy during the first quarter worth $27,000. Orion Capital Management LLC acquired a new position in shares of Dominion Energy during the fourth quarter worth $27,000. VSM Wealth Advisory LLC acquired a new position in shares of Dominion Energy in the 1st quarter valued at $28,000. Park Square Financial Group LLC acquired a new position in shares of Dominion Energy in the 4th quarter valued at $27,000. Finally, Dagco Inc. acquired a new position in shares of Dominion Energy in the 1st quarter valued at $31,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Dominion Energy Stock Performance

NYSE:D traded up $0.90 during mid-day trading on Tuesday, hitting $58.85. The company's stock had a trading volume of 5,631,581 shares, compared to its average volume of 4,266,367. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year 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. The stock has a market cap of $50.22 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 1.26 and a beta of 0.60. The business's fifty day moving average is $59.24 and its two-hundred day moving average is $56.36.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $3.73 billion. During the same period in the previous year, the company posted $0.65 earnings per share. Dominion Energy's revenue for the quarter 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. Analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy's dividend payout ratio is presently 92.07%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on D. Morgan Stanley cut their target price on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. JPMorgan Chase & Co. upped their target price on Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and a consensus target price of $59.57.

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.