Conning Inc. Has $1.87 Million Stock Position in Dominion Energy Inc. $D

Conning Inc. lowered its stake in shares of Dominion Energy Inc. (NYSE:D) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,041 shares of the utilities provider’s stock after selling 324 shares during the period. Conning Inc.’s holdings in Dominion Energy were worth $1,867,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling at Dominion Energy

In related news, CEO Robert M. Blue bought 4,152 shares of Dominion Energy stock in a transaction dated Wednesday, August 27th. The stock was purchased at an average cost 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 approximately $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on D. Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday. 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. Barclays boosted their target price 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 set an “in-line” rating and a $67.00 target price for the company. Finally, 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. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Dominion Energy has an average rating of “Hold” and an average target price of $62.00.

Dominion Energy Trading Up 1.1%

Shares of D stock opened at $60.92 on Friday. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.46. The company has a 50-day simple moving average of $60.46 and a two-hundred day simple moving average of $57.19. The company has a market capitalization of $51.99 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 1.31 and a beta of 0.62. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67.

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. Research analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Stockholders of record on Friday, September 5th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy’s dividend payout ratio is currently 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.