Vise Technologies Inc. Makes New $1.86 Million Investment in Dominion Energy Inc. $D

Vise Technologies Inc. bought a new stake in Dominion Energy Inc. (NYSE:D) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 32,932 shares of the utilities provider’s stock, valued at approximately $1,861,000.

Several other large investors have also made changes to their positions in the company. AlphaQuest LLC acquired a new stake in Dominion Energy in the first quarter worth about $27,000. Westside Investment Management Inc. boosted its stake in shares of Dominion Energy by 123.3% in the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 259 shares during the last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of Dominion Energy during the 1st quarter worth approximately $28,000. Dagco Inc. acquired a new stake in shares of Dominion Energy during the 1st quarter worth approximately $31,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in shares of Dominion Energy during the first quarter worth approximately $34,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Insider Activity at Dominion Energy

In other news, CEO Robert M. Blue acquired 4,152 shares of Dominion Energy stock in a transaction dated Wednesday, August 27th. The stock was bought at an average cost of $60.35 per share, with a total value of $250,573.20. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by company insiders.

Dominion Energy Price Performance

NYSE D opened at $61.22 on Wednesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. The stock has a market cap of $52.28 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 2.13 and a beta of 0.63. The business has a 50 day simple moving average of $60.28 and a 200 day simple moving average of $58.38. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.52.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.04. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders of record on Friday, December 5th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. Dominion Energy’s dividend payout ratio (DPR) is currently 90.82%.

Wall Street Analysts Forecast Growth

D has been the subject of a number of analyst reports. 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 report on Tuesday, October 7th. BMO Capital Markets decreased their price objective on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. Morgan Stanley increased their target price on Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. BTIG Research assumed coverage on Dominion Energy in a research report on Wednesday, October 22nd. They set a “neutral” rating for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $64.22.

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.