American Capital Advisory LLC Increases Stock Holdings in Dominion Energy Inc. $D

American Capital Advisory LLC increased its holdings in shares of Dominion Energy Inc. (NYSE:D) by 179.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,110 shares of the utilities provider’s stock after buying an additional 1,997 shares during the period. American Capital Advisory LLC’s holdings in Dominion Energy were worth $176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. SPC Financial Inc. raised its stake in Dominion Energy by 1.4% in 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 during the last quarter. Maridea Wealth Management LLC increased its position in shares of Dominion Energy by 2.1% during the 2nd quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock worth $505,000 after purchasing an additional 183 shares during the last quarter. Quotient Wealth Partners LLC increased its position in shares of Dominion Energy by 2.4% during the 2nd quarter. Quotient Wealth Partners LLC now owns 7,795 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 184 shares during the last quarter. Private Client Services LLC increased its position in shares of Dominion Energy by 3.1% during the 2nd quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider’s stock worth $352,000 after purchasing an additional 188 shares during the last quarter. Finally, Crewe Advisors LLC boosted its holdings 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 acquiring an additional 189 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Trading Down 0.3%

Shares of D stock opened at $58.54 on Tuesday. The business’s fifty day moving average price is $60.19 and its 200 day moving average price is $58.07. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.52. The firm has a market capitalization of $49.96 billion, a PE ratio of 20.19, a P/E/G ratio of 2.13 and a beta of 0.62. 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 (NYSE:D) last announced its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. Dominion Energy’s quarterly revenue was up 14.9% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, sell-side analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal 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 dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, December 5th. Dominion Energy’s dividend payout ratio is currently 90.82%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on D. Barclays raised their target price on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Evercore ISI initiated coverage on Dominion Energy in a research note on Tuesday, October 7th. They set an “in-line” rating and a $67.00 target price for the company. Wells Fargo & Company began coverage on Dominion Energy in a research note on Tuesday, October 28th. They set an “overweight” rating and a $67.00 target price for the company. BMO Capital Markets cut their price target on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research report on Monday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $63.90.

Insiders Place Their Bets

In other Dominion Energy news, CEO Robert M. Blue acquired 4,152 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average price of $60.35 per share, with a total value of $250,573.20. Following the completion of the acquisition, the chief executive officer directly owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. The trade was a 2.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.11% of the stock is owned by corporate insiders.

Dominion Energy 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.