OLD Point Trust & Financial Services N A Trims Holdings in Dominion Energy Inc. $D

Key Points

• OLD Point Trust & Financial Services N A reduced its holdings in Dominion Energy Inc. by 26.4% during the 2nd quarter, selling 13,166 shares, resulting in a total of 36,744 shares valued at approximately $2.08 million.
• Dominion Energy reported $0.75 earnings per share for the quarter, missing expectations by 2 cents, while revenue was $3.81 billion, exceeding estimates.
• The company announced a quarterly dividend of $0.6675 per share, yielding 4.4%, with a payout ratio of 92.07%.

OLD Point Trust & Financial Services N A reduced its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 26.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,744 shares of the utilities provider's stock after selling 13,166 shares during the quarter. OLD Point Trust & Financial Services N A's holdings in Dominion Energy were worth $2,077,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in D. Wellington Management Group LLP boosted its stake in shares of Dominion Energy by 19.4% during the 1st quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider's stock valued at $994,917,000 after buying an additional 2,882,252 shares during the last quarter. Nuveen LLC purchased a new position in shares of Dominion Energy during the 1st quarter valued at approximately $96,723,000. AQR Capital Management LLC boosted its stake in shares of Dominion Energy by 588.9% during the 1st quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider's stock valued at $109,678,000 after buying an additional 1,687,819 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Dominion Energy by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider's stock valued at $5,106,823,000 after buying an additional 1,565,459 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Dominion Energy by 12.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider's stock valued at $790,092,000 after buying an additional 1,552,985 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

D stock opened at $61.14 on Wednesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. The stock has a market capitalization of $52.18 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 1.32 and a beta of 0.60. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.46. The stock's fifty day moving average is $60.10 and its two-hundred day moving average is $56.85.

Dominion Energy (NYSE:D - Get Free Report) last posted its 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 company had revenue of $3.81 billion during 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%. The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, research analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Morgan Stanley reduced their target price on Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. JPMorgan Chase & Co. raised their price objective on Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Dominion Energy has a consensus rating of "Hold" and an average price target of $60.33.

Insider Transactions at Dominion Energy

In related news, CEO Robert M. Blue bought 4,152 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were bought at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the purchase, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.11% of the company's stock.

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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