Dominion Energy Inc. $D Stock Position Lifted by RFG Advisory LLC

Key Points

• RFG Advisory LLC increased its stake in Dominion Energy Inc. by 72.3% during the 2nd quarter, holding a total of 11,481 shares valued at approximately $649,000.
• Several institutional investors, including Patton Fund Management and Sowell Financial Services, also established new positions or increased their stakes in Dominion Energy, which is currently 73.04% owned by institutional investors.
• Dominion Energy reported a quarterly earnings miss with $0.75 EPS against a consensus estimate of $0.77, alongside a revenue increase of 9.3% year-over-year.

RFG Advisory LLC lifted its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 72.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,481 shares of the utilities provider's stock after purchasing an additional 4,816 shares during the quarter. RFG Advisory LLC's holdings in Dominion Energy were worth $649,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Patton Fund Management Inc. bought a new position in shares of Dominion Energy in the second quarter worth $235,000. Sowell Financial Services LLC bought a new position in shares of Dominion Energy in the first quarter worth $314,000. QRG Capital Management Inc. grew its stake in shares of Dominion Energy by 13.8% in the first quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider's stock worth $503,000 after purchasing an additional 1,087 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Dominion Energy by 7.0% in the first quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider's stock worth $527,000 after purchasing an additional 616 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its stake 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 buying an additional 628 shares in the last quarter. Institutional investors own 73.04% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on D shares. Evercore ISI started coverage on Dominion Energy in a research note on Tuesday, October 7th. They set an "in-line" rating and a $67.00 target price for the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Dominion Energy in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a research note on Thursday, August 21st. Morgan Stanley decreased their target price 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. Finally, Barclays raised their target price on Dominion Energy from $60.00 to $63.00 and gave the company an "overweight" rating in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and a consensus price target of $62.00.

Dominion Energy Trading Down 0.1%

NYSE:D opened at $60.58 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.52. The firm has a market capitalization of $51.70 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62. The stock has a fifty day simple moving average of $60.44 and a 200 day simple moving average of $57.40.

Dominion Energy (NYSE:D - Get Free Report) last released 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). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the business earned $0.65 EPS. The company'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. Sell-side analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy's dividend payout ratio is currently 92.07%.

Insider Transactions at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue acquired 4,152 shares of Dominion Energy stock in a transaction that occurred on Wednesday, August 27th. The stock was purchased at an average cost of $60.35 per share, with a total value of $250,573.20. Following the purchase, the chief executive officer 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.11% of the company's stock.

Dominion Energy 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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