PBMares Wealth Management LLC Sells 2,461 Shares of Dominion Energy Inc. $D

PBMares Wealth Management LLC lowered its position in Dominion Energy Inc. (NYSE:D) by 13.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,746 shares of the utilities provider’s stock after selling 2,461 shares during the period. PBMares Wealth Management LLC’s holdings in Dominion Energy were worth $890,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in D. Wellington Management Group LLP increased its position in shares of Dominion Energy by 19.4% in the 1st quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock valued at $994,917,000 after buying an additional 2,882,252 shares in the last quarter. Nuveen LLC bought a new stake in shares of Dominion Energy in the 1st quarter valued at $96,723,000. AQR Capital Management LLC increased its position in shares of Dominion Energy by 588.9% in the 1st quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider’s stock valued at $109,678,000 after buying an additional 1,687,819 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Dominion Energy by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock valued at $5,106,823,000 after buying an additional 1,565,459 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Dominion Energy by 12.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider’s stock valued at $790,092,000 after buying an additional 1,552,985 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Insider Activity at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue acquired 4,152 shares of Dominion Energy stock in a transaction dated Wednesday, August 27th. The stock was bought at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the purchase, the chief executive officer directly owned 161,237 shares in the company, valued at approximately $9,730,652.95. This represents a 2.64% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.11% of the stock is currently owned by corporate insiders.

Dominion Energy Price Performance

Shares of NYSE D opened at $61.14 on Wednesday. The firm has a market cap of $52.18 billion, a PE ratio of 21.08, a PEG ratio of 1.32 and a beta of 0.60. 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 Inc. has a 1-year low of $48.07 and a 1-year high of $62.46. The company has a fifty day moving average price of $60.10 and a 200 day moving average price of $56.85.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 EPS 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 business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the prior year, the company earned $0.65 earnings per share. The company’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. Research analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed 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. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Friday, September 5th. Dominion Energy’s dividend payout ratio is currently 92.07%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Morgan Stanley lowered their price objective 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. 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 note on Thursday, August 21st. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $60.33.

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.