London Co. of Virginia Raises Stake in Dominion Energy Inc. $D

London Co. of Virginia increased its holdings in Dominion Energy Inc. (NYSE:D) by 30.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,965,699 shares of the utilities provider’s stock after buying an additional 1,172,445 shares during the quarter. Dominion Energy comprises approximately 1.6% of London Co. of Virginia’s investment portfolio, making the stock its 24th largest holding. London Co. of Virginia’s holdings in Dominion Energy were worth $280,662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of D. Patton Fund Management Inc. purchased a new position in Dominion Energy during the second quarter valued at approximately $235,000. Rockefeller Capital Management L.P. grew its stake in shares of Dominion Energy by 6.9% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 186,885 shares of the utilities provider’s stock worth $10,563,000 after purchasing an additional 12,041 shares during the period. Vanguard Group Inc. increased its holdings in shares of Dominion Energy by 16.2% during the 2nd quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock valued at $5,979,551,000 after purchasing an additional 14,715,895 shares in the last quarter. Bryn Mawr Trust Advisors LLC lifted its stake in shares of Dominion Energy by 19.0% in the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 104,710 shares of the utilities provider’s stock valued at $5,918,000 after purchasing an additional 16,731 shares during the period. Finally, CW Advisors LLC lifted its stake in shares of Dominion Energy by 15.2% in the 2nd quarter. CW Advisors LLC now owns 231,985 shares of the utilities provider’s stock valued at $13,112,000 after purchasing an additional 30,647 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Up 1.8%

D opened at $59.23 on Friday. The company has a market cap of $50.58 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 1.67 and a beta of 0.70. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.87. The company has a 50-day moving average price of $60.51 and a 200 day moving average price of $59.18. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.04. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The company had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the previous year, the firm posted $0.98 EPS. Dominion Energy’s 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. Sell-side analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 20th. Investors of record on Friday, December 5th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Friday, December 5th. Dominion Energy’s dividend payout ratio is currently 90.82%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Dominion Energy in a report on Monday. BTIG Research assumed coverage on Dominion Energy in a research report on Wednesday, October 22nd. They set a “neutral” rating on the stock. Wells Fargo & Company assumed coverage on Dominion Energy in a report on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 price target for the company. Evercore ISI initiated coverage on Dominion Energy in a research report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price target on the stock. Finally, Morgan Stanley boosted their price objective 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. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $64.63.

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.