Prime Capital Investment Advisors LLC Decreases Stock Holdings in Dominion Energy Inc. $D

Key Points

• Prime Capital Investment Advisors LLC reduced its stake in Dominion Energy by 25.0%, selling 5,657 shares and now holding 16,981 shares valued at $960,000.
• CEO Robert M. Blue acquired 4,152 shares of Dominion Energy, increasing his ownership by 2.64% to a total of 161,237 shares.
• Analysts have mixed views on Dominion Energy, with targets ranging from $56.00 to $67.00, and the current consensus rating being a "Hold" with a target price of $62.00.

Prime Capital Investment Advisors LLC trimmed its stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 25.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,981 shares of the utilities provider's stock after selling 5,657 shares during the period. Prime Capital Investment Advisors LLC's holdings in Dominion Energy were worth $960,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Patton Fund Management Inc. purchased a new position in shares of Dominion Energy in the 2nd quarter worth $235,000. Sowell Financial Services LLC purchased a new stake in shares of Dominion Energy during the 1st quarter valued at about $314,000. QRG Capital Management Inc. increased its position in shares of Dominion Energy by 13.8% during the 1st quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider's stock valued at $503,000 after purchasing an additional 1,087 shares during the last quarter. Farther Finance Advisors LLC grew its position in Dominion Energy by 114.8% during the first quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock valued at $680,000 after buying an additional 6,462 shares during the period. Finally, Bessemer Group Inc. grew its position in Dominion Energy by 7.0% during the first quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider's stock valued at $527,000 after buying an additional 616 shares during the period. 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 the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 161,237 shares in the company, valued at $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays lifted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "overweight" rating in a research note on Tuesday. JPMorgan Chase & Co. raised their target price on Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a report on Thursday, August 21st. Weiss Ratings restated a "hold (c+)" rating on shares of Dominion Energy in a research report on Wednesday. Morgan Stanley cut 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 initiated coverage on shares of Dominion Energy in a report on Tuesday. They set an "in-line" rating and a $67.00 price target on the stock. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $62.00.

Dominion Energy Price Performance

D stock opened at $60.19 on Friday. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week 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 has a fifty day simple moving average of $60.45 and a two-hundred day simple moving average of $57.13. The firm has a market capitalization of $51.37 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62.

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

Dominion Energy Dividend Announcement

The business 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. The ex-dividend date was Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. Dominion Energy's payout ratio is 92.07%.

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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