Verdence Capital Advisors LLC Reduces Position in Dominion Energy Inc. $D

Verdence Capital Advisors LLC lessened its holdings in shares of Dominion Energy Inc. (NYSE:D) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,365 shares of the utilities provider’s stock after selling 323 shares during the period. Verdence Capital Advisors LLC’s holdings in Dominion Energy were worth $247,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. AlphaQuest LLC purchased a new stake in Dominion Energy in the 1st quarter valued at $27,000. VSM Wealth Advisory LLC purchased a new stake in shares of Dominion Energy in the first quarter valued at about $28,000. Dagco Inc. purchased a new stake in shares of Dominion Energy in the first quarter valued at about $31,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Dominion Energy in the first quarter valued at about $34,000. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in shares of Dominion Energy in the 1st quarter valued at approximately $34,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $60.65 on Friday. The business has a 50-day moving average of $60.46 and a 200 day moving average of $57.37. 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 12 month low of $48.07 and a 12 month high of $62.52. The stock has a market capitalization of $51.76 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.34 and a beta of 0.62.

Dominion Energy (NYSE:D) last posted 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). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. 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 previous year, the business posted $0.65 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, sell-side analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently announced 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 was Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy’s dividend payout ratio (DPR) is 92.07%.

Analyst Ratings Changes

Several analysts have recently weighed in on D shares. Barclays increased their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Morgan Stanley lowered their price objective on 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. Evercore ISI assumed coverage on Dominion Energy in a report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price target for the company. JPMorgan Chase & Co. increased their price target on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a report on Thursday, August 21st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. One equities 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 company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $62.00.

Insider Transactions at Dominion Energy

In related news, CEO Robert M. Blue bought 4,152 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was purchased at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the acquisition, the chief executive officer owned 161,237 shares in the company, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.11% of the company’s stock.

Dominion Energy 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.