GW Henssler & Associates Ltd. Cuts Stock Position in Dominion Energy Inc. $D

Key Points

• GW Henssler & Associates Ltd. reduced its stake in Dominion Energy Inc. by 39.3% in the second quarter, now holding 344,186 shares valued at approximately $19.45 million.
• Dominion Energy reported $0.75 EPS, missing analysts' expectations of $0.77, but had a quarterly revenue of $3.81 billion, surpassing the predicted $3.73 billion.
• The company announced a quarterly dividend of $0.6675, reflecting an annualized yield of 4.4%, with a payout ratio of 92.07%.

GW Henssler & Associates Ltd. lessened its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 39.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 344,186 shares of the utilities provider's stock after selling 223,272 shares during the quarter. GW Henssler & Associates Ltd.'s holdings in Dominion Energy were worth $19,453,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in D. AlphaQuest LLC purchased a new stake in Dominion Energy in the 1st quarter worth $27,000. VSM Wealth Advisory LLC acquired a new stake in Dominion Energy during the 1st quarter worth $28,000. Dagco Inc. acquired a new stake in Dominion Energy during the 1st quarter worth $31,000. ANTIPODES PARTNERS Ltd acquired a new stake in Dominion Energy during the 1st quarter worth $34,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in Dominion Energy during the 1st quarter worth $34,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Trading Up 1.1%

Shares of D stock opened at $60.92 on Friday. The company's 50-day moving average price is $60.46 and its 200-day moving average price is $57.21. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.46. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The stock has a market cap of $51.99 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 1.32 and a beta of 0.62.

Dominion Energy (NYSE:D - Get Free Report) last posted 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 company 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 company's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, equities analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

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

Insider Buying and Selling at Dominion Energy

In other news, CEO Robert M. Blue acquired 4,152 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was acquired 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 of the company's stock, valued at $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.11% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Morgan Stanley lowered their target price on shares of Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. Barclays lifted their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 7th. JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a research note on Thursday, August 21st. Evercore ISI assumed coverage on shares of Dominion Energy in a research note on Tuesday, October 7th. They set an "in-line" rating and a $67.00 target price on the stock. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Dominion Energy in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Dominion Energy has an average rating of "Hold" and a consensus price target of $62.00.

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.

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