Praxis Investment Management Inc. Sells 12,530 Shares of Dominion Energy Inc. $D

Key Points

• Praxis Investment Management Inc. reduced its stake in Dominion Energy by 42.2%, selling 12,530 shares and holding 17,170 shares worth approximately $970,000 as of the last quarter.
• CEO Robert M. Blue increased his holdings in the company by purchasing 4,152 shares at an average cost of $60.35, bringing his total ownership to 161,237 shares valued at around $9.73 million.
• The company reported earnings per share of $0.75 for the last quarter, missing analysts' estimates of $0.77, while revenue increased by 9.3% year-over-year to $3.81 billion.

Praxis Investment Management Inc. lessened its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 42.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,170 shares of the utilities provider's stock after selling 12,530 shares during the period. Praxis Investment Management Inc.'s holdings in Dominion Energy were worth $970,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. AlphaQuest LLC bought a new stake in Dominion Energy in the 1st quarter worth approximately $27,000. VSM Wealth Advisory LLC bought a new stake in Dominion Energy in the 1st quarter worth approximately $28,000. Dagco Inc. bought a new stake in shares of Dominion Energy during the 1st quarter valued at $31,000. N.E.W. Advisory Services LLC bought a new stake in shares of Dominion Energy during the 1st quarter valued at $34,000. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in shares of Dominion Energy in the 1st quarter worth $34,000. Institutional investors own 73.04% of the company's stock.

Insider Activity

In other news, CEO Robert M. Blue bought 4,152 shares of Dominion Energy stock in a transaction dated Wednesday, August 27th. The shares were purchased at an average cost of $60.35 per share, with a total value of $250,573.20. Following the completion of the acquisition, the chief executive officer owned 161,237 shares of the company's stock, valued at $9,730,652.95. This trade represents a 2.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.11% of the company's stock.

Dominion Energy Stock Down 0.1%

D opened at $60.58 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.52. The firm's fifty day moving average is $60.44 and its 200 day moving average is $57.40. The stock has a market cap of $51.70 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62.

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

Dominion Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on D shares. Weiss Ratings restated a "hold (c+)" rating on shares of Dominion Energy in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped 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. Barclays upped their price objective on Dominion Energy from $60.00 to $63.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 7th. Morgan Stanley reduced their price objective 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. Finally, Evercore ISI started coverage on Dominion Energy in a research note on Tuesday, October 7th. They issued an "in-line" rating and a $67.00 price objective for the company. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $62.00.

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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