HB Wealth Management LLC Decreases Stock Holdings in Dominion Energy Inc. $D

Key Points

• HB Wealth Management LLC reduced its stake in Dominion Energy Inc. by 11.3%, holding 33,390 shares worth approximately $1.89 million after selling 4,269 shares in Q2.
• Analysts have mixed views on the stock, with an average target price of $60.33 and ratings ranging from Buy to Sell among various firms.
• Dominion Energy recently declared a quarterly dividend of $0.6675 per share, reflecting an annual yield of 4.4% and a payout ratio of 92.07%.

HB Wealth Management LLC trimmed its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 11.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,390 shares of the utilities provider's stock after selling 4,269 shares during the quarter. HB Wealth Management LLC's holdings in Dominion Energy were worth $1,887,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of D. AlphaQuest LLC bought a new position in shares of Dominion Energy in the first quarter worth $27,000. VSM Wealth Advisory LLC bought a new position in shares of Dominion Energy in the first quarter worth $28,000. Dagco Inc. bought a new position in shares of Dominion Energy in the first quarter worth $31,000. N.E.W. Advisory Services LLC bought a new position in shares of Dominion Energy in the first quarter worth $34,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in shares of Dominion Energy in the first quarter worth $34,000. 73.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

D has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price target 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 cut their price target on Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Dominion Energy has an average rating of "Hold" and an average target price of $60.33.

Dominion Energy Price Performance

NYSE:D opened at $61.03 on Friday. The firm has a market capitalization of $52.08 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 1.32 and a beta of 0.62. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.46. The stock has a fifty day moving average of $60.20 and a 200 day moving average of $56.92. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67.

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 the consensus estimate 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 net margin of 16.45% and a return on equity of 9.68%. Dominion Energy's quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, research analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy's dividend payout ratio (DPR) is presently 92.07%.

Insiders Place Their Bets

In other news, CEO Robert M. Blue purchased 4,152 shares of the stock in a transaction on Wednesday, August 27th. The shares were acquired at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the transaction, the chief executive officer directly owned 161,237 shares of the company's stock, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.11% of the stock is 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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