Interchange Capital Partners LLC Boosts Stock Position in Dominion Energy Inc. $D

Interchange Capital Partners LLC boosted its holdings in shares of Dominion Energy Inc. (NYSE:D) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,100 shares of the utilities provider’s stock after acquiring an additional 203 shares during the quarter. Interchange Capital Partners LLC’s holdings in Dominion Energy were worth $288,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. SPC Financial Inc. raised its position in Dominion Energy by 1.4% during the 2nd quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock valued at $688,000 after purchasing an additional 172 shares in the last quarter. Maridea Wealth Management LLC raised its position in Dominion Energy by 2.1% during the 2nd quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock valued at $505,000 after purchasing an additional 183 shares in the last quarter. Quotient Wealth Partners LLC raised its position in Dominion Energy by 2.4% during the 2nd quarter. Quotient Wealth Partners LLC now owns 7,795 shares of the utilities provider’s stock valued at $441,000 after purchasing an additional 184 shares in the last quarter. Private Client Services LLC raised its position in Dominion Energy by 3.1% during the 2nd quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider’s stock valued at $352,000 after purchasing an additional 188 shares in the last quarter. Finally, Crewe Advisors LLC raised its position in Dominion Energy by 11.8% during the 2nd quarter. Crewe Advisors LLC now owns 1,797 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

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 that occurred on Wednesday, August 27th. The shares were bought 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. This represents a 2.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by corporate insiders.

Analyst Ratings Changes

D has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. BTIG Research initiated coverage on Dominion Energy in a research report on Wednesday, October 22nd. They set a “neutral” rating for the company. Barclays lifted their target price on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Evercore ISI began coverage on Dominion Energy in a research report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price target on 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, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $62.43.

Dominion Energy Trading Up 0.6%

D opened at $61.05 on Monday. The firm has a market cap of $52.10 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 2.21 and a beta of 0.62. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.52. The stock has a fifty day moving average price of $60.40 and a 200-day moving average price of $57.76.

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

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a 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%.

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.