Investors Asset Management of Georgia Inc. GA ADV Takes $420,000 Position in Dominion Energy Inc. $D

Key Points

• Investors Asset Management of Georgia Inc. has acquired a new position in Dominion Energy Inc., purchasing 7,432 shares valued at approximately $420,000 during the second quarter.
• Insider trading activity saw CEO Robert M. Blue buy 4,152 shares for a total transaction of $250,573, increasing his stake in the company to approximately $9.73 million.
• Wall Street analysts have mixed opinions on the stock, with one rating it a "Buy," six giving it a "Hold," and one a "Sell," while the consensus target price is set at $60.33.

Investors Asset Management of Georgia Inc. GA ADV bought a new position in shares of Dominion Energy Inc. (NYSE:D - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,432 shares of the utilities provider's stock, valued at approximately $420,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of D. AlphaQuest LLC acquired a new position in Dominion Energy in the first quarter valued at $27,000. VSM Wealth Advisory LLC purchased a new position in shares of Dominion Energy during the first quarter worth about $28,000. Dagco Inc. acquired a new position in Dominion Energy in the 1st quarter valued at about $31,000. N.E.W. Advisory Services LLC acquired a new position in Dominion Energy in the 1st quarter valued at about $34,000. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in Dominion Energy during the 1st quarter valued at approximately $34,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Insider Transactions at Dominion Energy

In related news, CEO Robert M. Blue purchased 4,152 shares of Dominion Energy stock in a transaction dated Wednesday, August 27th. The stock was bought 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 in the company, valued at approximately $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on D. Morgan Stanley dropped their target price on Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Dominion Energy in a research report on Saturday, September 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $60.33.

Dominion Energy Trading Up 0.8%

Shares of D stock opened at $61.57 on Monday. The business's fifty day moving average price is $60.25 and its 200 day moving average price is $56.99. The firm has a market capitalization of $52.55 billion, a PE ratio of 21.23, a P/E/G ratio of 1.34 and a beta of 0.62. 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 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 released 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 business 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%. Dominion Energy's revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, sell-side analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced 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. This represents a $2.67 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, September 5th. 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.

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