TrueMark Investments LLC increased its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 7.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,280 shares of the utilities provider's stock after purchasing an additional 5,874 shares during the period. TrueMark Investments LLC's holdings in Dominion Energy were worth $4,877,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in the company. SPC Financial Inc. lifted its holdings in Dominion Energy by 1.4% during the 2nd quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider's stock worth $688,000 after purchasing an additional 172 shares during the last quarter. Maridea Wealth Management LLC raised its holdings in Dominion Energy by 2.1% in the 2nd quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider's stock valued at $505,000 after acquiring an additional 183 shares in the last quarter. Quotient Wealth Partners LLC raised its holdings in Dominion Energy by 2.4% in the 2nd quarter. Quotient Wealth Partners LLC now owns 7,795 shares of the utilities provider's stock valued at $441,000 after acquiring an additional 184 shares in the last quarter. Private Client Services LLC raised its holdings in Dominion Energy by 3.1% in the 2nd quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider's stock valued at $352,000 after acquiring an additional 188 shares in the last quarter. Finally, Cornerstone Wealth Group LLC raised its holdings in Dominion Energy by 1.1% in the 1st 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 in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Dominion Energy
In other news, CEO Robert M. Blue bought 4,152 shares of the stock in a transaction on Wednesday, August 27th. The stock was acquired at an average price of $60.35 per share, with a total value of $250,573.20. Following the acquisition, the chief executive officer directly owned 161,237 shares in the company, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Evercore ISI assumed coverage on Dominion Energy in a report on Tuesday, October 7th. They issued an "in-line" rating and a $67.00 price objective for the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Dominion Energy in a report on Wednesday, October 8th. Morgan Stanley decreased their price target on Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. Barclays lifted their price target on Dominion Energy from $60.00 to $63.00 and gave the company an "overweight" rating in a research note on Tuesday, October 7th. Finally, JPMorgan Chase & Co. lifted their price target on Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $62.00.
Check Out Our Latest Report on Dominion Energy
Dominion Energy Price Performance
Shares of D opened at $60.58 on Friday. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.52. The business has a 50-day simple moving average of $60.44 and a two-hundred day simple moving average of $57.41. 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 stock has a market cap of $51.70 billion, a PE ratio of 20.89, a PEG ratio of 1.31 and a beta of 0.62.
Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (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 firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same period in the previous year, the company earned $0.65 EPS. Dominion Energy's revenue for the quarter was up 9.3% on a year-over-year basis. 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 Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy's dividend payout ratio is presently 92.07%.
Dominion Energy Profile
(
Free Report)
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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