Schnieders Capital Management LLC Raises Stock Holdings in Dominion Energy Inc. $D

Key Points

• Schnieders Capital Management LLC has increased its holdings in Dominion Energy Inc. by 9.5%, owning 124,573 shares valued at approximately $7.04 million as of the end of the second quarter.
• Several institutional investors have also raised their positions in Dominion Energy, with notable increases including Beverly Hills Private Wealth LLC at 13.2% and Chicago Partners Investment Group LLC at 21.2% during the same period, indicating strong institutional support.
• Analysts' ratings for Dominion Energy vary, with target prices adjusted; Barclays raised its target from $60.00 to $63.00, while Weiss Ratings gives a "hold" rating, reflecting mixed sentiment among market watchers.

Schnieders Capital Management LLC lifted its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 9.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,573 shares of the utilities provider's stock after acquiring an additional 10,775 shares during the quarter. Dominion Energy accounts for about 1.2% of Schnieders Capital Management LLC's holdings, making the stock its 21st largest position. Schnieders Capital Management LLC's holdings in Dominion Energy were worth $7,041,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Crewe Advisors LLC increased its position in shares of Dominion Energy by 11.8% during the second quarter. Crewe Advisors LLC now owns 1,797 shares of the utilities provider's stock valued at $102,000 after acquiring an additional 189 shares during the last quarter. Stephens Inc. AR increased its position in shares of Dominion Energy by 1.8% during the second quarter. Stephens Inc. AR now owns 94,813 shares of the utilities provider's stock valued at $5,359,000 after acquiring an additional 1,686 shares during the last quarter. Beverly Hills Private Wealth LLC increased its position in Dominion Energy by 13.2% in the second quarter. Beverly Hills Private Wealth LLC now owns 32,266 shares of the utilities provider's stock worth $1,824,000 after buying an additional 3,755 shares during the last quarter. Balboa Wealth Partners increased its position in Dominion Energy by 15.3% in the second quarter. Balboa Wealth Partners now owns 4,594 shares of the utilities provider's stock worth $260,000 after buying an additional 610 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in Dominion Energy by 21.2% in the second quarter. Chicago Partners Investment Group LLC now owns 4,907 shares of the utilities provider's stock worth $286,000 after buying an additional 858 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Barclays raised their target price on Dominion Energy from $60.00 to $63.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 7th. 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 research report on Thursday, August 21st. Weiss Ratings reissued a "hold (c+)" rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Morgan Stanley decreased their target price on 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. Finally, Evercore ISI began coverage on Dominion Energy in a research report on Tuesday, October 7th. They issued an "in-line" rating and a $67.00 target price for the company. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $62.00.

Insider Transactions at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue acquired 4,152 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The stock was bought at an average price of $60.35 per share, with a total value 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 approximately $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.11% of the company's stock.

Dominion Energy Price Performance

Dominion Energy stock opened at $60.58 on Monday. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.52. The business has a fifty day moving average price of $60.44 and a 200-day moving average price of $57.41. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The firm has a market capitalization of $51.70 billion, a P/E ratio of 20.89, a PEG ratio of 1.31 and a beta of 0.62.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 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 company 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 business earned $0.65 earnings per share. Dominion Energy's revenue was up 9.3% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, equities research analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were paid 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 yield of 4.4%. Dominion Energy's dividend payout ratio (DPR) is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.