Janney Montgomery Scott LLC Has $41.44 Million Stake in Dominion Energy Inc. $D

Key Points

• Janney Montgomery Scott LLC increased its stake in Dominion Energy Inc. by 8.2% in Q2, bringing its total holdings to approximately $41.44 million.
• Insider activity includes CEO Robert M. Blue purchasing 4,152 shares, raising his ownership to 161,237 shares valued at nearly $9.73 million.
• Dominion Energy recently reported a Q2 EPS of $0.75, missing expectations, while its revenue increased 9.3% year-over-year to $3.81 billion.

Janney Montgomery Scott LLC lifted its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 8.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 733,223 shares of the utilities provider's stock after acquiring an additional 55,308 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.09% of Dominion Energy worth $41,442,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC grew its stake in Dominion Energy by 64.3% in the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock valued at $489,000 after buying an additional 3,553 shares during the last quarter. GAMMA Investing LLC increased its position in Dominion Energy by 6,252.7% during the 1st quarter. GAMMA Investing LLC now owns 1,276,770 shares of the utilities provider's stock worth $71,588,000 after buying an additional 1,256,672 shares during the period. Rhumbline Advisers increased its position in Dominion Energy by 4.9% during the first quarter. Rhumbline Advisers now owns 1,479,087 shares of the utilities provider's stock worth $82,932,000 after acquiring an additional 69,118 shares during the period. NBC Securities Inc. grew its position in shares of Dominion Energy by 196,200.0% during the 1st 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. Finally, Merit Financial Group LLC grew its position in Dominion Energy by 26.3% during the first quarter. Merit Financial Group LLC now owns 15,429 shares of the utilities provider's stock worth $865,000 after buying an additional 3,213 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Insider Buying and Selling

In related news, CEO Robert M. Blue purchased 4,152 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer owned 161,237 shares of the company's stock, valued at $9,730,652.95. This represents a 2.64% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.11% of the company's stock.

Dominion Energy Stock Up 0.4%

Shares of NYSE:D opened at $61.14 on Wednesday. The firm has a market cap of $52.18 billion, a P/E ratio of 21.08, a P/E/G ratio of 1.32 and a beta of 0.60. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.46. The business has a fifty day simple moving average of $60.10 and a 200 day simple moving average of $56.85. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35.

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 firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a report on Thursday, August 21st. Morgan Stanley cut their price objective on shares of Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $60.33.

About Dominion Energy

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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