Verus Financial Partners Inc. Acquires 3,338 Shares of Dominion Energy Inc. $D

Verus Financial Partners Inc. lifted its holdings in shares of Dominion Energy Inc. (NYSE:D) by 20.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,323 shares of the utilities provider’s stock after purchasing an additional 3,338 shares during the quarter. Verus Financial Partners Inc.’s holdings in Dominion Energy were worth $1,104,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hilltop National Bank bought a new position in Dominion Energy in the second quarter valued at approximately $58,000. Triad Wealth Partners LLC increased its stake in Dominion Energy by 13.0% in the second quarter. Triad Wealth Partners LLC now owns 5,686 shares of the utilities provider’s stock valued at $321,000 after acquiring an additional 656 shares during the last quarter. TFG Advisers LLC increased its stake in Dominion Energy by 5.4% in the second quarter. TFG Advisers LLC now owns 10,058 shares of the utilities provider’s stock valued at $568,000 after acquiring an additional 513 shares during the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in Dominion Energy in the second quarter valued at approximately $6,567,000. Finally, Pure Financial Advisors LLC increased its stake in Dominion Energy by 58.8% in the second quarter. Pure Financial Advisors LLC now owns 7,106 shares of the utilities provider’s stock valued at $402,000 after acquiring an additional 2,630 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

NYSE D opened at $61.03 on Friday. The firm’s fifty day moving average price is $60.20 and its two-hundred day moving average price is $56.92. The stock has a market cap of $52.08 billion, a PE ratio of 21.04, a PEG ratio of 1.32 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 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 posted its earnings results 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 return on equity of 9.68% and a net margin of 16.45%.The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the firm posted $0.65 EPS. The business’s quarterly revenue 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. On average, equities analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

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

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue acquired 4,152 shares of Dominion Energy stock in a transaction that occurred on Wednesday, August 27th. The shares were bought at an average price of $60.35 per share, with a total value of $250,573.20. Following the completion of 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 acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. JPMorgan Chase & Co. lifted their price objective on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $60.33.

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.