Brookstone Capital Management Buys 8,496 Shares of Dominion Energy Inc. $D

Brookstone Capital Management raised its stake in Dominion Energy Inc. (NYSE:D) by 4.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 218,889 shares of the utilities provider’s stock after purchasing an additional 8,496 shares during the period. Brookstone Capital Management’s holdings in Dominion Energy were worth $12,372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaQuest LLC bought a new stake in Dominion Energy in the first quarter valued at $27,000. VSM Wealth Advisory LLC bought a new stake in shares of Dominion Energy during the first quarter worth about $28,000. Dagco Inc. bought a new stake in shares of Dominion Energy during the first quarter worth about $31,000. ANTIPODES PARTNERS Ltd bought a new stake in shares of Dominion Energy during the first quarter worth about $34,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Dominion Energy during the first quarter worth about $34,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Up 0.2%

Dominion Energy stock opened at $61.01 on Thursday. 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 market cap of $52.06 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.20 and a beta of 0.62. The firm’s 50-day simple moving average is $60.41 and its 200 day simple moving average is $57.52. 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 (NYSE:D) last released its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter last year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter 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. Research analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on D. Evercore ISI began coverage on shares of Dominion Energy in a research report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 target price for the company. Barclays boosted their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Morgan Stanley boosted their target price on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $62.43.

Insiders Place Their Bets

In related news, CEO Robert M. Blue bought 4,152 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were purchased at an average cost 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by insiders.

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.