Salomon & Ludwin LLC Has $3.94 Million Holdings in Dominion Energy Inc. $D

Salomon & Ludwin LLC cut its holdings in shares of Dominion Energy Inc. (NYSE:D) by 4.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,679 shares of the utilities provider’s stock after selling 3,443 shares during the quarter. Salomon & Ludwin LLC’s holdings in Dominion Energy were worth $3,944,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of D. Wellington Management Group LLP boosted its position in Dominion Energy by 19.4% during the 1st quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock worth $994,917,000 after acquiring an additional 2,882,252 shares during the period. Nuveen LLC acquired a new stake in Dominion Energy during the 1st quarter worth about $96,723,000. AQR Capital Management LLC boosted its position in Dominion Energy by 588.9% during the 1st quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider’s stock worth $109,678,000 after acquiring an additional 1,687,819 shares during the period. Vanguard Group Inc. boosted its position in Dominion Energy by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock worth $5,106,823,000 after acquiring an additional 1,565,459 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Dominion Energy by 12.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider’s stock worth $790,092,000 after acquiring an additional 1,552,985 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue purchased 4,152 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were bought at an average cost of $60.35 per share, with a total value of $250,573.20. Following the transaction, 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 legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

D has been the subject of several research reports. Evercore ISI initiated coverage on Dominion Energy in a report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a report on Thursday, August 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. Barclays lifted their price target on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Finally, Morgan Stanley reduced their price target on Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. One investment 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $62.00.

Dominion Energy Stock Down 0.1%

Shares of D stock opened at $60.58 on Friday. The stock’s 50 day simple moving average is $60.44 and its 200 day simple moving average is $57.41. 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 twelve month low of $48.07 and a twelve month high of $62.52. The company has a market capitalization of $51.70 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 1.31 and a beta of 0.62.

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). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the business posted $0.65 earnings per share. The firm’s 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. As a group, research analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy’s dividend payout ratio (DPR) is presently 92.07%.

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.