Sequoia Financial Advisors LLC Has $1.54 Million Stock Holdings in Dominion Energy Inc. $D

Key Points

• Sequoia Financial Advisors LLC increased its stake in Dominion Energy Inc. by 50.1%, holding shares worth approximately $1.54 million as of its latest SEC filing.
• CEO Robert M. Blue purchased 4,152 shares of Dominion Energy stock worth about $250,573, increasing his total ownership to approximately $9.73 million.
• Dominion Energy reported a quarterly EPS of $0.75, missing estimates, but its revenue increased 9.3% year-over-year, reaching $3.81 billion.

Sequoia Financial Advisors LLC lifted its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 50.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,207 shares of the utilities provider's stock after acquiring an additional 9,085 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Dominion Energy were worth $1,538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of D. AlphaQuest LLC acquired a new position in shares of Dominion Energy in the first quarter worth $27,000. VSM Wealth Advisory LLC acquired a new position in shares of Dominion Energy in the first quarter worth $28,000. Dagco Inc. acquired a new position in shares of Dominion Energy in the first quarter worth $31,000. ANTIPODES PARTNERS Ltd acquired a new position in shares of Dominion Energy in the first quarter worth $34,000. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Dominion Energy in the first quarter worth $34,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue purchased 4,152 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The stock was purchased at an average price of $60.35 per share, with a total value of $250,573.20. Following the completion of the transaction, the chief executive officer directly owned 161,237 shares of the company's stock, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by company insiders.

Dominion Energy Stock Down 1.7%

Shares of D opened at $60.65 on Friday. The company has a 50-day simple moving average of $60.46 and a 200-day simple moving average of $57.37. The firm has a market capitalization of $51.76 billion, a P/E ratio of 20.91, a P/E/G ratio of 1.34 and a beta of 0.62. 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 52 week low of $48.07 and a 52 week high of $62.52.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). The company had revenue of $3.81 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, equities research analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

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

Analysts Set New Price Targets

D has been the subject of a number of recent research reports. Morgan Stanley decreased their price objective on shares of Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a report on Thursday, August 21st. Evercore ISI initiated coverage on shares of Dominion Energy in a report on Tuesday, October 7th. They issued an "in-line" rating and a $67.00 price objective for the company. Barclays upped their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "overweight" rating in a report on Tuesday, October 7th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Dominion Energy in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Dominion Energy presently has a consensus rating of "Hold" and a consensus price target 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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