Dominion Energy Inc. $D Stock Holdings Increased by D.A. Davidson & CO.

D.A. Davidson & CO. increased its holdings in Dominion Energy Inc. (NYSE:D) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,944 shares of the utilities provider’s stock after purchasing an additional 259 shares during the quarter. D.A. Davidson & CO.’s holdings in Dominion Energy were worth $3,219,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in D. Brighton Jones LLC raised its holdings in shares of Dominion Energy by 64.3% in the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after purchasing an additional 3,553 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Dominion Energy by 13.3% in the first quarter. GAMMA Investing LLC now owns 22,771 shares of the utilities provider’s stock worth $1,277,000 after acquiring an additional 2,673 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Dominion Energy by 7.0% in the first quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider’s stock worth $527,000 after acquiring an additional 616 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Dominion Energy by 222.7% in the first quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider’s stock worth $51,000 after acquiring an additional 628 shares in the last quarter. Finally, Pure Financial Advisors LLC increased its position in shares of Dominion Energy by 6.6% in the first quarter. Pure Financial Advisors LLC now owns 4,476 shares of the utilities provider’s stock worth $251,000 after acquiring an additional 279 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

Shares of D opened at $61.05 on Friday. The company’s 50 day moving average price is $60.40 and its 200 day moving average price is $57.73. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.52. The company has a market capitalization of $52.10 billion, a PE ratio of 21.05, a PEG ratio of 2.21 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 announced its quarterly earnings data 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 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 analysts’ expectations of $3.73 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The business’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 expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced 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 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 92.07%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on D. Barclays lifted 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, October 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a research report on Friday. JPMorgan Chase & Co. lifted 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. BTIG Research assumed coverage on shares of Dominion Energy in a research report on Wednesday. They issued a “neutral” rating on the stock. Finally, Morgan Stanley boosted their price objective on shares of Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $62.43.

Insider Transactions at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of Dominion Energy stock in a transaction 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 purchase, the chief executive officer directly owned 161,237 shares of the company’s stock, valued at $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by company insiders.

About Dominion Energy

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.