Hall Capital Management Co. Inc. Decreases Holdings in Dominion Energy Inc. $D

Hall Capital Management Co. Inc. decreased its holdings in shares of Dominion Energy Inc. (NYSE:D) by 14.8% in the second quarter, HoldingsChannel reports. The fund owned 4,088 shares of the utilities provider’s stock after selling 710 shares during the quarter. Hall Capital Management Co. Inc.’s holdings in Dominion Energy were worth $231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of D. Wellington Management Group LLP grew its position in shares of Dominion Energy by 19.4% during the 1st quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock valued at $994,917,000 after acquiring an additional 2,882,252 shares during the period. Nuveen LLC bought a new stake in shares of Dominion Energy during the 1st quarter valued at $96,723,000. AQR Capital Management LLC grew its position in shares of Dominion Energy by 588.9% during the 1st quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider’s stock valued at $109,678,000 after acquiring an additional 1,687,819 shares during the period. Vanguard Group Inc. grew its position in shares of Dominion Energy by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock valued at $5,106,823,000 after acquiring an additional 1,565,459 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Dominion Energy by 12.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider’s stock valued at $790,092,000 after acquiring an additional 1,552,985 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 1.0%

NYSE D opened at $60.86 on Wednesday. The stock’s 50 day moving average is $60.37 and its 200 day moving average is $57.07. 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 Inc. has a 12 month low of $48.07 and a 12 month high of $62.46. The stock has a market cap of $51.94 billion, a PE ratio of 20.98, a P/E/G ratio of 1.33 and a beta of 0.62.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 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 business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the prior year, the firm posted $0.65 earnings per share. The firm’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. Research analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Shareholders 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 yield of 4.4%. Dominion Energy’s payout ratio is presently 92.07%.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue acquired 4,152 shares of Dominion Energy stock in a transaction on Wednesday, August 27th. The shares were acquired 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 in the company, valued at $9,730,652.95. The trade was a 2.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on D. Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a research report on Saturday, September 27th. Evercore ISI began coverage on Dominion Energy in a research note on Tuesday. They issued an “in-line” rating and a $67.00 price target for the company. Barclays raised their price target on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday. JPMorgan Chase & Co. upped 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. Finally, Morgan Stanley decreased their target price 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. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $62.00.

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.