Dominion Energy Inc. $D Shares Sold by Kestra Investment Management LLC

Kestra Investment Management LLC reduced its holdings in Dominion Energy Inc. (NYSE:D) by 22.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,748 shares of the utilities provider’s stock after selling 797 shares during the quarter. Kestra Investment Management LLC’s holdings in Dominion Energy were worth $154,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in D. Orion Capital Management LLC acquired a new position in Dominion Energy in the fourth quarter valued at $27,000. Park Square Financial Group LLC acquired a new position in Dominion Energy in the fourth quarter valued at $27,000. AlphaQuest LLC acquired a new position in Dominion Energy in the first quarter valued at $27,000. VSM Wealth Advisory LLC purchased a new stake in Dominion Energy during the first quarter valued at about $28,000. Finally, Dagco Inc. purchased a new stake in Dominion Energy during the first quarter valued at about $31,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of NYSE D opened at $58.85 on Wednesday. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.46. The business has a 50-day moving average of $59.24 and a 200-day moving average of $56.36. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The company has a market capitalization of $50.22 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 1.26 and a beta of 0.60.

Dominion Energy (NYSE:D) last issued its 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 company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the previous year, the company earned $0.65 EPS. Dominion Energy’s quarterly revenue was up 9.3% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, equities analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

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

Insider Buying and Selling at Dominion Energy

In related news, CEO Robert M. Blue bought 4,152 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was bought at an average price of $60.35 per share, with a total value of $250,573.20. Following the completion of the transaction, the chief executive officer directly owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on D. Morgan Stanley lowered their price target on 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. JPMorgan Chase & Co. boosted their price target on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 21st. One 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $59.57.

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.