NewEdge Advisors LLC Has $3.87 Million Position in Dominion Energy Inc. $D

NewEdge Advisors LLC lessened its holdings in Dominion Energy Inc. (NYSE:D) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,931 shares of the utilities provider’s stock after selling 2,061 shares during the quarter. NewEdge Advisors LLC’s holdings in Dominion Energy were worth $3,865,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in D. Dynamic Advisor Solutions LLC raised its stake in shares of Dominion Energy by 3.3% during 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 last quarter. Centre Asset Management LLC increased 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 purchasing an additional 198 shares during the period. Cornerstone Wealth Group LLC raised its position in Dominion Energy by 1.1% during the 1st quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider’s stock worth $1,022,000 after purchasing an additional 202 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in 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. Finally, Cary Street Partners Investment Advisory LLC grew its position in shares of Dominion Energy by 40.2% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 729 shares of the utilities provider’s stock valued at $41,000 after buying an additional 209 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Trading Up 1.6%

NYSE D opened at $58.85 on Wednesday. The stock has a market capitalization of $50.22 billion, a P/E ratio of 20.29, a P/E/G ratio of 1.26 and a beta of 0.60. The business has a 50 day simple moving average of $59.24 and a 200 day simple moving average of $56.36. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.46.

Dominion Energy (NYSE:D) last posted its quarterly 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). The business 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%.Dominion Energy’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Research analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

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

Insider Buying and Selling at Dominion Energy

In related news, CEO Robert M. Blue acquired 4,152 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were bought at an average price of $60.35 per share, with a total value of $250,573.20. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research note on Thursday, August 21st. Morgan Stanley dropped their price target on shares of Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 18th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and a consensus target price of $59.57.

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.