NorthRock Partners LLC Acquires 2,416 Shares of Dominion Energy Inc. $D

NorthRock Partners LLC lifted its holdings in Dominion Energy Inc. (NYSE:D) by 24.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,327 shares of the utilities provider’s stock after purchasing an additional 2,416 shares during the period. NorthRock Partners LLC’s holdings in Dominion Energy were worth $696,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. AlphaQuest LLC bought a new position in Dominion Energy during the first quarter valued at about $27,000. VSM Wealth Advisory LLC bought a new position in Dominion Energy during the first quarter valued at about $28,000. Dagco Inc. bought a new position in Dominion Energy during the first quarter valued at about $31,000. ANTIPODES PARTNERS Ltd bought a new position in Dominion Energy during the first quarter valued at about $34,000. Finally, N.E.W. Advisory Services LLC bought a new position in Dominion Energy during the first quarter valued at about $34,000. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

D has been the topic of several research reports. Morgan Stanley lowered their price target on 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 target on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. Barclays upped their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Finally, Evercore ISI assumed coverage on Dominion Energy in a research note on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price objective on the stock. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $62.00.

Dominion Energy Trading Up 0.3%

D stock opened at $61.55 on Wednesday. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.46. The firm has a market cap of $52.53 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.33 and a beta of 0.62. The business’s 50 day moving average is $60.47 and its 200-day moving average is $57.31. 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 announced its earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Equities 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. Stockholders of record on Friday, September 5th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy’s payout ratio is presently 92.07%.

Insider Activity at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of Dominion Energy 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 acquisition, the chief executive officer directly owned 161,237 shares of the company’s stock, valued at $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is owned by insiders.

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.