Bruce G. Allen Investments LLC Sells 195 Shares of Dominion Energy Inc. $D

Bruce G. Allen Investments LLC decreased its position in Dominion Energy Inc. (NYSE:D) by 15.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,037 shares of the utilities provider’s stock after selling 195 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in Dominion Energy were worth $59,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Private Client Services LLC grew its stake in shares of Dominion Energy by 3.1% in the 2nd quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider’s stock worth $352,000 after acquiring an additional 188 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of Dominion Energy by 3.3% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider’s stock worth $338,000 after acquiring an additional 193 shares in the last quarter. Centre Asset Management LLC grew its stake in shares of Dominion Energy by 3.3% in the 1st quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider’s stock worth $350,000 after acquiring an additional 198 shares in the last quarter. Cornerstone Wealth Group LLC grew its stake in shares of Dominion Energy by 1.1% in the 1st quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider’s stock worth $1,022,000 after acquiring an additional 202 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its stake in shares of Dominion Energy by 4.6% in the 1st quarter. Verdence Capital Advisors LLC now owns 4,688 shares of the utilities provider’s stock worth $263,000 after acquiring an additional 208 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Insider Activity

In other news, CEO Robert M. Blue purchased 4,152 shares of the stock in a transaction dated Wednesday, August 27th. The shares were purchased at an average cost of $60.35 per share, with a total value of $250,573.20. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on D shares. JPMorgan Chase & Co. increased their price target on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 21st. Morgan Stanley reduced their price target on shares of Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average price target of $59.57.

Dominion Energy Price Performance

NYSE D opened at $59.47 on Wednesday. The company has a market cap of $50.75 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 1.31 and a beta of 0.60. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.46. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The firm’s 50-day simple moving average is $59.55 and its two-hundred day simple moving average is $56.46.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period last year, the company earned $0.65 earnings per share. Dominion Energy’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 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders of record on Friday, September 5th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy’s dividend payout ratio is presently 92.07%.

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.