Allspring Global Investments Holdings LLC Sells 137,963 Shares of Dominion Energy Inc. $D

Allspring Global Investments Holdings LLC lowered its position in Dominion Energy Inc. (NYSE:D) by 45.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 168,448 shares of the utilities provider’s stock after selling 137,963 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Dominion Energy were worth $9,711,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in D. Patton Fund Management Inc. bought a new stake in shares of Dominion Energy in the second quarter worth about $235,000. Sowell Financial Services LLC bought a new stake in Dominion Energy during the 1st quarter worth approximately $314,000. QRG Capital Management Inc. raised its holdings in Dominion Energy by 13.8% during the 1st quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider’s stock worth $503,000 after buying an additional 1,087 shares during the period. Bessemer Group Inc. raised its holdings in Dominion Energy by 7.0% during the 1st quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider’s stock worth $527,000 after buying an additional 616 shares during the period. Finally, Golden State Wealth Management LLC lifted its stake in Dominion Energy by 222.7% in the first quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider’s stock valued at $51,000 after buying an additional 628 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Trading Down 0.1%

Dominion Energy stock opened at $60.58 on Friday. The company has a market cap of $51.70 billion, a price-to-earnings ratio of 20.89, a P/E/G ratio of 1.31 and a beta of 0.62. The firm has a 50-day moving average of $60.44 and a 200-day moving average of $57.41. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.52.

Dominion Energy (NYSE:D) last released its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (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 during the quarter, compared to analyst estimates of $3.73 billion. During the same period in the prior year, the firm posted $0.65 EPS. Dominion Energy’s revenue was up 9.3% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, equities analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Stockholders of record on Friday, September 5th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy’s dividend payout ratio is presently 92.07%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on D. Evercore ISI assumed coverage on shares of Dominion Energy in a research report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price objective for the company. JPMorgan Chase & Co. increased their target price on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a report on Thursday, August 21st. Morgan Stanley cut their price target on Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Finally, 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. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $62.00.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue purchased 4,152 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was purchased at an average price 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 in the company, valued at $9,730,652.95. The trade was a 2.64% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

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.