Toth Financial Advisory Corp Has $7.47 Million Stock Position in Dominion Energy Inc. $D

Key Points

• Toth Financial Advisory Corp increased its shareholding in Dominion Energy by 11.5%, owning a total of 132,095 shares valued at approximately $7.47 million as of the latest SEC filing.
• Dominion Energy reported earnings of $0.75 per share for its most recent quarter, which missed analysts' expectations of $0.77 but showed a year-over-year revenue increase of 9.3% to $3.81 billion.
• The company recently announced a quarterly dividend of $0.6675, reflecting an annualized dividend yield of 4.5% and a significant payout ratio of 92.07%.

Toth Financial Advisory Corp raised its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 11.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 132,095 shares of the utilities provider's stock after purchasing an additional 13,676 shares during the period. Toth Financial Advisory Corp's holdings in Dominion Energy were worth $7,466,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in D. Private Client Services LLC raised its holdings in Dominion Energy by 3.1% in the second quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider's stock worth $352,000 after purchasing an additional 188 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in Dominion Energy by 3.3% in the first quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider's stock valued at $338,000 after acquiring an additional 193 shares during the period. Centre Asset Management LLC lifted its holdings in Dominion Energy by 3.3% in the first quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider's stock valued at $350,000 after acquiring an additional 198 shares during the period. Cornerstone Wealth Group LLC lifted its holdings in Dominion Energy by 1.1% in the first quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider's stock valued at $1,022,000 after acquiring an additional 202 shares during the period. Finally, Verdence Capital Advisors LLC raised its stake in shares of Dominion Energy by 4.6% during the 1st quarter. Verdence Capital Advisors LLC now owns 4,688 shares of the utilities provider's stock worth $263,000 after buying an additional 208 shares during the period. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Up 0.3%

NYSE D traded up $0.19 on Friday, reaching $59.93. The stock had a trading volume of 9,144,823 shares, compared to its average volume of 5,071,238. The company has a market capitalization of $51.15 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 1.30 and a beta of 0.60. The business has a 50 day moving average price of $59.68 and a 200 day moving average price of $56.58. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.46. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly 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 company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The business's revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, September 20th. Stockholders of record on Friday, September 5th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.5%. Dominion Energy's dividend payout ratio is 92.07%.

Analyst Ratings Changes

A number of research firms have recently weighed in on D. Morgan Stanley lowered their price target on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. JPMorgan Chase & Co. increased 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. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and an average price target of $59.83.

Insider Activity

In other news, CEO Robert M. Blue purchased 4,152 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were purchased at an average price of $60.35 per share, with a total value of $250,573.20. Following the purchase, the chief executive officer directly 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 filing with the SEC, which can be accessed through this link. 0.11% of the stock is owned by corporate insiders.

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.