Pure Financial Advisors LLC Purchases 2,630 Shares of Dominion Energy Inc. $D

Pure Financial Advisors LLC grew its position in shares of Dominion Energy Inc. (NYSE:D) by 58.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,106 shares of the utilities provider’s stock after purchasing an additional 2,630 shares during the quarter. Pure Financial Advisors LLC’s holdings in Dominion Energy were worth $402,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. AlphaQuest LLC bought a new position in shares of Dominion Energy during the 1st quarter valued at about $27,000. VSM Wealth Advisory LLC bought a new position in shares of Dominion Energy during the 1st quarter valued at about $28,000. Dagco Inc. bought a new position in shares of Dominion Energy during the 1st quarter valued at about $31,000. N.E.W. Advisory Services LLC bought a new position in Dominion Energy during the 1st quarter worth approximately $34,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in Dominion Energy during the 1st quarter worth approximately $34,000. 73.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

D has been the topic of several recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research report on Saturday, September 27th. Morgan Stanley reduced their price target on Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. raised their price target on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $60.33.

Dominion Energy Price Performance

Shares of D stock opened at $61.57 on Friday. The firm has a market cap of $52.55 billion, a P/E ratio of 21.23, a P/E/G ratio of 1.33 and a beta of 0.62. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.46. The business’s 50 day moving average price is $60.25 and its 200-day moving average price is $56.97. 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 (NYSE:D) last issued its quarterly earnings data 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). The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.Dominion Energy’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, equities research analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current 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 given 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 was Friday, September 5th. Dominion Energy’s dividend payout ratio (DPR) is currently 92.07%.

Insider Buying and Selling at Dominion Energy

In other news, CEO Robert M. Blue bought 4,152 shares of the stock in a transaction dated Wednesday, August 27th. The stock was bought at an average price 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 $9,730,652.95. This trade represents a 2.64% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.11% of the company’s stock.

Dominion Energy 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.