OLD Point Trust & Financial Services N A Lowers Stock Position in Dominion Energy Inc. $D

OLD Point Trust & Financial Services N A cut its holdings in shares of Dominion Energy Inc. (NYSE:D) by 26.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,744 shares of the utilities provider’s stock after selling 13,166 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Dominion Energy were worth $2,077,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other 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 acquired at an average price of $60.35 per share, with a total value of $250,573.20. Following the completion of the purchase, the chief executive officer directly owned 161,237 shares of the company’s stock, valued at $9,730,652.95. This represents a 2.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.11% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Barclays lifted their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Evercore ISI began coverage on Dominion Energy in a report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 target price for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. Finally, BTIG Research started coverage on Dominion Energy in a research report on Wednesday. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus target price of $62.43.

Dominion Energy Trading Up 0.2%

NYSE:D opened at $61.01 on Thursday. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.52. The stock has a market cap of $52.06 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.20 and a beta of 0.62. The business has a fifty day moving average of $60.41 and a 200-day moving average of $57.52. 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 quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $3.73 billion. During the same period in the previous year, the company 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. Equities analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were paid a dividend of $0.6675 per share. 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 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.