Resources Management Corp CT ADV Cuts Stake in Dominion Energy Inc. $D

Resources Management Corp CT ADV cut its holdings in Dominion Energy Inc. (NYSE:D) by 19.4% in the first quarter, HoldingsChannel reports. The firm owned 3,464 shares of the utilities provider’s stock after selling 835 shares during the quarter. Resources Management Corp CT ADV’s holdings in Dominion Energy were worth $194,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Dominion Energy by 1.7% in the first quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock worth $5,106,823,000 after buying an additional 1,565,459 shares during the last quarter. Dodge & Cox lifted its position in Dominion Energy by 3.0% in the first quarter. Dodge & Cox now owns 23,308,378 shares of the utilities provider’s stock worth $1,306,901,000 after buying an additional 685,245 shares during the last quarter. Wellington Management Group LLP lifted its position in Dominion Energy by 19.4% in the first quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock worth $994,917,000 after buying an additional 2,882,252 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Dominion Energy by 6.3% in the first quarter. Bank of New York Mellon Corp now owns 15,878,683 shares of the utilities provider’s stock worth $890,318,000 after buying an additional 939,835 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Dominion Energy by 12.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider’s stock worth $790,092,000 after buying an additional 1,552,985 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Down 1.1%

NYSE:D opened at $58.17 on Monday. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.46. The company has a market cap of $49.65 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 1.26 and a beta of 0.60. The stock has a fifty day simple moving average of $59.19 and a 200-day simple moving average of $56.34. 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 released its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $3.73 billion. During the same quarter last year, the business posted $0.65 earnings per share. The firm’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 anticipate that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, September 5th. Dominion Energy’s payout ratio is presently 92.07%.

Analyst Ratings Changes

A number of analysts recently issued reports on D shares. 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. Morgan Stanley lowered their price target on Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 18th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $59.57.

Insider Buying and Selling at Dominion Energy

In other news, CEO Robert M. Blue acquired 4,152 shares of the firm’s stock in a transaction that occurred on 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. The trade was a 2.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.