ProShare Advisors LLC Has $8.57 Million Stock Position in Dominion Energy Inc. $D

ProShare Advisors LLC lifted its holdings in shares of Dominion Energy Inc. (NYSE:D) by 14.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 151,542 shares of the utilities provider’s stock after purchasing an additional 19,325 shares during the period. ProShare Advisors LLC’s holdings in Dominion Energy were worth $8,565,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in D. SPC Financial Inc. increased its position in Dominion Energy by 1.4% during the 2nd quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock valued at $688,000 after purchasing an additional 172 shares during the period. Maridea Wealth Management LLC raised its stake in Dominion Energy by 2.1% during the second quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock worth $505,000 after buying an additional 183 shares during the last quarter. Quotient Wealth Partners LLC lifted its holdings in Dominion Energy by 2.4% in the second quarter. Quotient Wealth Partners LLC now owns 7,795 shares of the utilities provider’s stock valued at $441,000 after buying an additional 184 shares during the period. Private Client Services LLC lifted its holdings in Dominion Energy by 3.1% in the second quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider’s stock valued at $352,000 after buying an additional 188 shares during the period. Finally, Crewe Advisors LLC boosted its position in Dominion Energy by 11.8% during the second quarter. Crewe Advisors LLC now owns 1,797 shares of the utilities provider’s stock valued at $102,000 after acquiring an additional 189 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Insider Activity

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 purchased at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the acquisition, the chief executive officer directly owned 161,237 shares of the company’s stock, valued at $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.11% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on D. JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research report on Thursday, August 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $70.00 target price on shares of Dominion Energy in a research note on Tuesday, October 28th. BMO Capital Markets dropped their price target on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. Finally, Barclays lifted 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, October 7th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $64.22.

Dominion Energy Stock Up 0.3%

Shares of NYSE:D opened at $61.39 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.52. The business’s 50 day simple moving average is $60.33 and its two-hundred day simple moving average is $58.40. The firm has a market cap of $52.43 billion, a P/E ratio of 21.17, a PEG ratio of 2.13 and a beta of 0.63.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. Dominion Energy’s revenue for the quarter was up 14.9% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, research analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders of record on Friday, December 5th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, December 5th. Dominion Energy’s dividend payout ratio (DPR) is 90.82%.

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.