Institute for Wealth Management LLC. Purchases 4,970 Shares of Dominion Energy Inc. $D

Key Points

• Institute for Wealth Management LLC increased its stake in Dominion Energy Inc. by 120.3%, acquiring 4,970 additional shares for a total holding of 9,100 shares valued at $514,000.
• CEO Robert M. Blue purchased 4,152 shares of the company's stock, reflecting a 2.64% increase in his holdings, now valued at approximately $9.73 million.
• Analysts have mixed views on Dominion Energy, with Morgan Stanley lowering its price target from $64.00 to $63.00, while JPMorgan Chase increased it from $56.00 to $59.00, leading to a consensus "Hold" rating and an average price target of $60.33.

Institute for Wealth Management LLC. boosted its position in Dominion Energy Inc. (NYSE:D - Free Report) by 120.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,100 shares of the utilities provider's stock after purchasing an additional 4,970 shares during the quarter. Institute for Wealth Management LLC.'s holdings in Dominion Energy were worth $514,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in D. Brighton Jones LLC raised its holdings in Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock worth $489,000 after purchasing an additional 3,553 shares in the last quarter. NBC Securities Inc. raised its holdings in Dominion Energy by 196,200.0% in the first quarter. NBC Securities Inc. now owns 1,963 shares of the utilities provider's stock worth $110,000 after purchasing an additional 1,962 shares in the last quarter. Merit Financial Group LLC raised its holdings in Dominion Energy by 26.3% in the first quarter. Merit Financial Group LLC now owns 15,429 shares of the utilities provider's stock worth $865,000 after purchasing an additional 3,213 shares in the last quarter. Capital Asset Advisory Services LLC increased its holdings in shares of Dominion Energy by 9.8% during the first quarter. Capital Asset Advisory Services LLC now owns 10,668 shares of the utilities provider's stock valued at $600,000 after acquiring an additional 948 shares in the last quarter. Finally, RFG Advisory LLC acquired a new position in shares of Dominion Energy during the first quarter valued at about $374,000. 73.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Robert M. Blue acquired 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 transaction, the chief executive officer owned 161,237 shares in the company, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.11% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Morgan Stanley cut their price objective on shares of Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a report on Thursday, August 21st. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $60.33.

Dominion Energy Trading Down 0.4%

Dominion Energy stock opened at $60.95 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.46. The stock's 50 day simple moving average is $60.16 and its two-hundred day simple moving average is $56.87. The firm has a market cap of $52.01 billion, a PE ratio of 21.02, a P/E/G ratio of 1.33 and a beta of 0.62.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The company had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $3.73 billion. During the same quarter in the prior year, the company posted $0.65 EPS. The company's revenue for the quarter was up 9.3% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

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

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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