Financial Security Advisor Inc. Grows Holdings in Dominion Energy Inc. $D

Financial Security Advisor Inc. boosted its holdings in Dominion Energy Inc. (NYSE:D) by 3.6% in the 2nd quarter, Holdings Channel reports. The firm owned 36,610 shares of the utilities provider’s stock after purchasing an additional 1,270 shares during the period. Financial Security Advisor Inc.’s holdings in Dominion Energy were worth $2,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Patton Fund Management Inc. purchased a new stake in Dominion Energy in the 2nd quarter valued at $235,000. Sowell Financial Services LLC purchased a new stake in Dominion Energy in the 1st quarter valued at $314,000. QRG Capital Management Inc. raised its position in Dominion Energy by 13.8% in the 1st quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider’s stock valued at $503,000 after purchasing an additional 1,087 shares during the last quarter. Farther Finance Advisors LLC raised its position in Dominion Energy by 114.8% in the 1st quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider’s stock valued at $680,000 after purchasing an additional 6,462 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Dominion Energy by 7.0% in the 1st quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider’s stock valued at $527,000 after purchasing an additional 616 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday. Morgan Stanley dropped their price objective on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. JPMorgan Chase & Co. boosted their price objective on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. Barclays boosted their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Evercore ISI initiated coverage on shares of Dominion Energy in a research note on Tuesday. They issued an “in-line” rating and a $67.00 price objective on the stock. One 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 company presently has a consensus rating of “Hold” and a consensus target price of $62.00.

Insider Buying and Selling at Dominion Energy

In related news, CEO Robert M. Blue purchased 4,152 shares of the stock in a transaction dated Wednesday, August 27th. The shares were acquired at an average cost of $60.35 per share, with a total value of $250,573.20. Following the purchase, the chief executive officer directly owned 161,237 shares in the company, valued at $9,730,652.95. This trade represents a 2.64% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by company insiders.

Dominion Energy Stock Performance

NYSE:D opened at $60.19 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.46. The stock has a market cap of $51.37 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62. The firm’s fifty day simple moving average is $60.45 and its 200-day simple moving average is $57.13.

Dominion Energy (NYSE:D) last posted 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 for the quarter, compared to analyst estimates of $3.73 billion. During the same period last year, the company earned $0.65 earnings per share. The business’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. Analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, September 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.4%. Dominion Energy’s dividend payout ratio is 92.07%.

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.