Kestra Advisory Services LLC Sells 4,447 Shares of Dominion Energy Inc. $D

Key Points

• Kestra Advisory Services LLC has reduced its holdings in Dominion Energy Inc. by 3.9% in the first quarter, resulting in ownership of 110,042 shares valued at approximately $6.17 million.
• Several institutional investors have increased their stakes in Dominion Energy in recent quarters, with Brighton Jones LLC leading with a 64.3% increase in the fourth quarter.
• Dominion Energy is set to pay a quarterly dividend of $0.6675 per share, reflecting an annualized payout of $2.67 and a yield of 4.4%.

Kestra Advisory Services LLC lowered its stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 110,042 shares of the utilities provider's stock after selling 4,447 shares during the period. Kestra Advisory Services LLC's holdings in Dominion Energy were worth $6,170,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Dominion Energy by 64.3% during the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock worth $489,000 after acquiring an additional 3,553 shares in the last quarter. Kovitz Investment Group Partners LLC increased its position in shares of Dominion Energy by 5.7% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 17,920 shares of the utilities provider's stock worth $965,000 after acquiring an additional 967 shares in the last quarter. Capital Analysts LLC increased its position in shares of Dominion Energy by 18.6% during the fourth quarter. Capital Analysts LLC now owns 6,397 shares of the utilities provider's stock worth $345,000 after acquiring an additional 1,004 shares in the last quarter. Coldstream Capital Management Inc. increased its position in shares of Dominion Energy by 19.3% during the fourth quarter. Coldstream Capital Management Inc. now owns 25,586 shares of the utilities provider's stock worth $1,378,000 after acquiring an additional 4,147 shares in the last quarter. Finally, Optiver Holding B.V. increased its position in shares of Dominion Energy by 33.6% during the fourth quarter. Optiver Holding B.V. now owns 3,253 shares of the utilities provider's stock worth $175,000 after acquiring an additional 819 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Insider Buying and Selling at Dominion Energy

In related news, CEO Robert M. Blue bought 4,152 shares of Dominion Energy stock in a transaction dated Wednesday, August 27th. The stock was purchased at an average cost of $60.35 per share, with a total value of $250,573.20. Following the transaction, the chief executive officer directly owned 161,237 shares of the company's stock, valued at approximately $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

D has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price 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. Morgan Stanley decreased their target price on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Dominion Energy presently has an average rating of "Hold" and a consensus price target of $59.57.

Dominion Energy Stock Up 0.1%

D stock traded up $0.08 during trading on Friday, reaching $59.89. The stock had a trading volume of 4,254,041 shares, compared to its average volume of 4,851,146. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.46. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The company's 50 day moving average is $58.86 and its two-hundred day moving average is $56.22. The company has a market capitalization of $51.11 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 1.30 and a beta of 0.60.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data 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). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the company posted $0.65 earnings per share. 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. Equities research analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is 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.