Dominion Energy Inc. $D Stock Position Raised by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. lifted its holdings in shares of Dominion Energy Inc. (NYSE:D) by 2.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,613 shares of the utilities provider’s stock after buying an additional 217 shares during the period. Koshinski Asset Management Inc.’s holdings in Dominion Energy were worth $430,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of D. AlphaQuest LLC bought a new stake in shares of Dominion Energy during the 1st quarter valued at about $27,000. VSM Wealth Advisory LLC bought a new position in Dominion Energy in the 1st quarter worth about $28,000. Dagco Inc. bought a new position in Dominion Energy in the 1st quarter worth about $31,000. ANTIPODES PARTNERS Ltd bought a new position in Dominion Energy in the 1st quarter worth about $34,000. Finally, N.E.W. Advisory Services LLC bought a new position in Dominion Energy in the 1st quarter worth about $34,000. Institutional investors own 73.04% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

Several research analysts have commented on the stock. Evercore ISI assumed coverage on shares of Dominion Energy in a research report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 target price for the company. Morgan Stanley decreased their target price on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Barclays upped 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. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped 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 equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.00.

Dominion Energy Trading Up 1.5%

Shares of NYSE:D opened at $61.51 on Tuesday. The company has a 50 day moving average of $60.44 and a 200-day moving average of $57.48. The firm has a market cap of $52.49 billion, a P/E ratio of 21.21, a P/E/G ratio of 1.31 and a beta of 0.62. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.52. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $3.73 billion. During the same period in the prior year, the company posted $0.65 earnings per share. The company’s 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. As a group, analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.67 annualized dividend and a yield of 4.3%. Dominion Energy’s dividend payout ratio is currently 92.07%.

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.