Armstrong Fleming & Moore Inc Takes $212,000 Position in Dominion Energy Inc. $D

Armstrong Fleming & Moore Inc acquired a new stake in shares of Dominion Energy Inc. (NYSE:D) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,744 shares of the utilities provider’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQuest LLC acquired a new stake in shares of Dominion Energy in the 1st quarter worth about $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Dominion Energy in the 1st quarter worth about $28,000. Dagco Inc. acquired a new stake in shares of Dominion Energy in the 1st quarter worth about $31,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Dominion Energy in the 1st quarter worth about $34,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of Dominion Energy in the 1st quarter worth about $34,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

D has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday. Barclays upped their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday. Evercore ISI started coverage on shares of Dominion Energy in a research report on Tuesday. They issued an “in-line” rating and a $67.00 price objective for the company. Morgan Stanley reduced their price objective on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. upped their price objective 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. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $62.00.

Insider Buying and Selling

In other Dominion Energy news, CEO Robert M. Blue acquired 4,152 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was bought at an average cost of $60.35 per share, with a total value of $250,573.20. Following the acquisition, the chief executive officer owned 161,237 shares in the company, valued at approximately $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

Dominion Energy Stock Down 0.5%

Dominion Energy stock opened at $60.56 on Thursday. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.46. The firm has a 50 day moving average price of $60.41 and a 200-day moving average price of $57.09. The company has a market capitalization of $51.68 billion, a P/E ratio of 20.88, a P/E/G ratio of 1.32 and a beta of 0.62. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35.

Dominion Energy (NYSE:D) last released its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, equities analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.67 annualized dividend and a yield of 4.4%. Dominion Energy’s dividend payout ratio (DPR) is 92.07%.

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.