Dover Advisors LLC Sells 4,956 Shares of Dominion Energy Inc. $D

Key Points

• Dover Advisors LLC has reduced its stake in Dominion Energy Inc. by 29.4%, now holding 11,920 shares valued at $674,000 after selling 4,956 shares.
• The company reported earnings per share (EPS) of $0.75 for the latest quarter, missing estimates by $0.02, though revenue increased by 9.3% to $3.81 billion.
• Dominion Energy declared a quarterly dividend of $0.6675, resulting in an annualized yield of 4.4% and a dividend payout ratio of 92.07%.

Dover Advisors LLC lowered its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 29.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,920 shares of the utilities provider's stock after selling 4,956 shares during the period. Dover Advisors LLC's holdings in Dominion Energy were worth $674,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Dominion Energy by 1.7% in the first quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider's stock worth $5,106,823,000 after acquiring an additional 1,565,459 shares during the period. Dodge & Cox increased its holdings in Dominion Energy by 3.0% in the first quarter. Dodge & Cox now owns 23,308,378 shares of the utilities provider's stock worth $1,306,901,000 after purchasing an additional 685,245 shares in the last quarter. Wellington Management Group LLP increased its holdings in Dominion Energy by 19.4% in the first quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider's stock worth $994,917,000 after purchasing an additional 2,882,252 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Dominion Energy by 6.3% in the first quarter. Bank of New York Mellon Corp now owns 15,878,683 shares of the utilities provider's stock worth $890,318,000 after purchasing an additional 939,835 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Dominion Energy by 12.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider's stock worth $790,092,000 after purchasing an additional 1,552,985 shares in the last quarter. Institutional investors own 73.04% of the company's stock.

Dominion Energy Price Performance

D opened at $60.09 on Monday. 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 company has a market capitalization of $51.28 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 1.30 and a beta of 0.60. The firm's fifty day moving average price is $59.41 and its two-hundred day moving average price is $56.41. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.46.

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

Dominion Energy Announces Dividend

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. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. Dominion Energy's dividend payout ratio (DPR) is presently 92.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a report on Thursday, August 21st. Morgan Stanley decreased their price objective on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $59.57.

Insider Buying and Selling at Dominion Energy

In other news, CEO Robert M. Blue acquired 4,152 shares of Dominion Energy stock in a transaction dated 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 owned 161,237 shares of the company's stock, 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 legal filing with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by insiders.

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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