Triad Wealth Partners LLC Buys 656 Shares of Dominion Energy Inc. $D

Triad Wealth Partners LLC boosted its position in Dominion Energy Inc. (NYSE:D) by 13.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,686 shares of the utilities provider’s stock after purchasing an additional 656 shares during the quarter. Triad Wealth Partners LLC’s holdings in Dominion Energy were worth $321,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of D. Patton Fund Management Inc. acquired a new stake in Dominion Energy in the second quarter valued at approximately $235,000. Sowell Financial Services LLC acquired a new stake in shares of Dominion Energy in the 1st quarter worth $314,000. QRG Capital Management Inc. grew its stake in Dominion Energy by 13.8% during the 1st quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider’s stock worth $503,000 after buying an additional 1,087 shares during the last quarter. Farther Finance Advisors LLC increased its position in Dominion Energy by 114.8% during the 1st quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider’s stock valued at $680,000 after buying an additional 6,462 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in Dominion Energy by 7.0% during the 1st quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider’s stock valued at $527,000 after buying an additional 616 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Price Performance

Shares of NYSE:D opened at $61.57 on Friday. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month 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. The company has a market cap of $52.55 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 1.33 and a beta of 0.62. The company’s 50 day moving average is $60.25 and its 200 day moving average is $56.97.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). The business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. 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 year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy’s dividend payout ratio (DPR) is currently 92.07%.

Analyst Ratings Changes

D has been the subject of several recent analyst reports. Morgan Stanley lowered their price target on 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. boosted their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research report on Thursday, August 21st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.33.

Insider Buying and Selling at Dominion Energy

In related news, CEO Robert M. Blue acquired 4,152 shares of the firm’s stock in a transaction dated 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 $9,730,652.95. This represents a 2.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Dominion Energy Company 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.