Venture Visionary Partners LLC Sells 14,549 Shares of Dominion Energy Inc. $D

Key Points

• Venture Visionary Partners LLC reduced its holdings in Dominion Energy Inc. by 54.8%, selling 14,549 shares and leaving them with 12,009 shares valued at approximately $673,000.
• Several hedge funds, including Brighton Jones LLC and First Trust Advisors LP, increased their stakes in Dominion Energy significantly, indicating varied investor sentiments towards the stock.
• Dominion Energy reported a missed earnings estimate with an EPS of $0.75 compared to the consensus of $0.77, despite a revenue increase of 9.3% from the previous year.

Venture Visionary Partners LLC decreased its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 54.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,009 shares of the utilities provider's stock after selling 14,549 shares during the quarter. Venture Visionary Partners LLC's holdings in Dominion Energy were worth $673,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in D. Brighton Jones LLC boosted its stake in Dominion Energy by 64.3% during the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock valued at $489,000 after purchasing an additional 3,553 shares during the period. GeoWealth Management LLC increased its stake in Dominion Energy by 44.1% during the fourth quarter. GeoWealth Management LLC now owns 4,502 shares of the utilities provider's stock valued at $242,000 after acquiring an additional 1,377 shares during the period. First Trust Advisors LP increased its stake in Dominion Energy by 259.0% during the fourth quarter. First Trust Advisors LP now owns 1,130,069 shares of the utilities provider's stock valued at $60,866,000 after acquiring an additional 815,326 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Dominion Energy by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,190,137 shares of the utilities provider's stock worth $117,962,000 after acquiring an additional 45,144 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Dominion Energy by 450.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after acquiring an additional 378 shares during the period. Institutional investors own 73.04% of the company's stock.

Dominion Energy Price Performance

Dominion Energy stock opened at $61.4990 on Thursday. 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 company has a market capitalization of $52.49 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.33 and a beta of 0.57. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.46. The business has a 50 day simple moving average of $58.04 and a 200 day simple moving average of $55.96.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the business earned $0.65 EPS. Dominion Energy's quarterly revenue was up 9.3% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, sell-side analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be given a $0.6675 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.67 annualized dividend and a yield of 4.3%. Dominion Energy's payout ratio is presently 92.07%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 15th. Morgan Stanley reduced their price objective on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Dominion Energy presently has a consensus rating of "Hold" and an average price target of $59.14.

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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