First Bank & Trust Sells 6,211 Shares of Dominion Energy Inc. $D

Key Points

• First Bank & Trust reduced its stake in Dominion Energy by 42.3%, selling 6,211 shares and retaining a total of 8,461 shares worth approximately $478,000 as of the latest SEC filing.
• Several institutional investors increased their positions in Dominion Energy, with Vanguard Group owning over $5 billion worth of shares after a 1.7% increase, while Wellington Management boosted its stake by 19.4% in the same period.
• Dominion Energy's CEO, Robert M. Blue, purchased 4,152 shares recently, increasing his ownership in the company, while the firm announced a quarterly dividend of $0.6675, yielding 4.4% annually.

First Bank & Trust trimmed its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 42.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,461 shares of the utilities provider's stock after selling 6,211 shares during the period. First Bank & Trust's holdings in Dominion Energy were worth $478,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of D. Vanguard Group Inc. raised its holdings in Dominion Energy by 1.7% during the first quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider's stock valued at $5,106,823,000 after acquiring an additional 1,565,459 shares during the period. Dodge & Cox raised its stake in Dominion Energy by 3.0% during the 1st quarter. Dodge & Cox now owns 23,308,378 shares of the utilities provider's stock valued at $1,306,901,000 after purchasing an additional 685,245 shares during the period. Wellington Management Group LLP lifted its holdings in Dominion Energy by 19.4% in the 1st 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 lifted its holdings in Dominion Energy by 6.3% in the 1st 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 boosted its stake in Dominion Energy by 12.4% in the 1st 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 during the period. Institutional investors own 73.04% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, CEO Robert M. Blue purchased 4,152 shares of Dominion Energy stock in a transaction that occurred on Wednesday, August 27th. The shares were bought at an average price of $60.35 per share, with a total value of $250,573.20. Following the purchase, the chief executive officer directly owned 161,237 shares of the company's stock, valued at approximately $9,730,652.95. This represents a 2.64% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is owned by corporate insiders.

Dominion Energy Stock Up 1.0%

Shares of NYSE:D opened at $60.63 on Tuesday. The firm has a market capitalization of $51.74 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 1.30 and a beta of 0.60. The business has a 50 day simple moving average of $59.49 and a two-hundred day simple moving average of $56.44. 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.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.Dominion Energy's revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, equities analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders of record on Friday, September 5th will be issued a $0.6675 dividend. The ex-dividend date is 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 is presently 92.07%.

Dominion Energy Company 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.

Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy Inc. (NYSE:D - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.