Bank of Montreal Can Sells 286,547 Shares of Dominion Energy Inc. $D

Bank of Montreal Can reduced its stake in Dominion Energy Inc. (NYSE:D) by 24.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 875,142 shares of the utilities provider’s stock after selling 286,547 shares during the period. Bank of Montreal Can’s holdings in Dominion Energy were worth $49,463,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in D. Vanguard Group Inc. boosted its position in shares of Dominion Energy by 1.7% in the first quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock valued at $5,106,823,000 after acquiring an additional 1,565,459 shares during the period. Dodge & Cox increased its holdings in shares of Dominion Energy by 3.0% in the 1st quarter. Dodge & Cox now owns 23,308,378 shares of the utilities provider’s stock worth $1,306,901,000 after buying an additional 685,245 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Dominion Energy by 19.4% in the 1st quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock worth $994,917,000 after buying an additional 2,882,252 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Dominion Energy by 12.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider’s stock worth $790,092,000 after buying an additional 1,552,985 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Dominion Energy by 7.0% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 10,647,700 shares of the utilities provider’s stock worth $597,017,000 after buying an additional 695,627 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

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 on Wednesday, August 27th. The stock was acquired at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the acquisition, the chief executive officer owned 161,237 shares in the company, valued at $9,730,652.95. This represents a 2.64% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

Dominion Energy Stock Performance

Shares of D stock opened at $59.70 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.52. The stock has a 50 day moving average price of $60.17 and a two-hundred day moving average price of $58.12. The company has a market capitalization of $50.95 billion, a P/E ratio of 20.59, a PEG ratio of 2.13 and a beta of 0.62.

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, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The business’s 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. Analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. Barclays increased their price target 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. Wells Fargo & Company initiated coverage on shares of Dominion Energy in a research note on Tuesday, October 28th. They set an “overweight” rating and a $67.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research note on Thursday, August 21st. Finally, Morgan Stanley lifted their price target on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average target price of $63.90.

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.