Laurel Wealth Advisors LLC Has $4.58 Million Position in Dominion Energy Inc. $D

Laurel Wealth Advisors LLC increased its holdings in shares of Dominion Energy Inc. (NYSE:D) by 3,943.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 80,994 shares of the utilities provider’s stock after purchasing an additional 78,991 shares during the period. Laurel Wealth Advisors LLC’s holdings in Dominion Energy were worth $4,578,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after acquiring an additional 3,553 shares during the last quarter. Cetera Investment Advisers grew its position in Dominion Energy by 10.8% in the 1st quarter. Cetera Investment Advisers now owns 192,699 shares of the utilities provider’s stock worth $10,805,000 after purchasing an additional 18,845 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of Dominion Energy by 0.3% during the 1st quarter. TD Asset Management Inc now owns 294,753 shares of the utilities provider’s stock worth $16,527,000 after purchasing an additional 753 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Dominion Energy by 4.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 176,247 shares of the utilities provider’s stock valued at $9,882,000 after buying an additional 7,367 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Dominion Energy by 20.0% in the first quarter. LPL Financial LLC now owns 949,525 shares of the utilities provider’s stock valued at $53,240,000 after buying an additional 158,233 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Up 1.7%

Shares of D opened at $62.59 on Thursday. The firm has a market capitalization of $53.45 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 2.13 and a beta of 0.63. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.63. 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 business’s fifty day moving average price is $60.72 and its two-hundred day moving average price is $58.87.

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

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 20th. Investors of record on Friday, December 5th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, December 5th. Dominion Energy’s dividend payout ratio is currently 90.82%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Royal Bank Of Canada reissued a “sector perform” rating and set a $70.00 price objective on shares of Dominion Energy in a report on Tuesday, October 28th. BMO Capital Markets reduced their target price on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. BTIG Research initiated coverage on shares of Dominion Energy in a research note on Wednesday, October 22nd. They set a “neutral” rating on the stock. Wells Fargo & Company initiated coverage on shares of Dominion Energy in a research note on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 price objective for the company. Finally, Evercore ISI started coverage on shares of Dominion Energy in a report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average 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.