Welch Group LLC Increases Position in Dominion Energy Inc. $D

Welch Group LLC raised its position in Dominion Energy Inc. (NYSE:D) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,597 shares of the utilities provider’s stock after purchasing an additional 236 shares during the period. Welch Group LLC’s holdings in Dominion Energy were worth $429,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. SPC Financial Inc. raised its position in Dominion Energy by 1.4% during the second quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock worth $688,000 after acquiring an additional 172 shares during the last quarter. Maridea Wealth Management LLC raised its position 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 acquiring an additional 183 shares during the last quarter. Private Client Services LLC raised its position in Dominion Energy by 3.1% during the second quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider’s stock worth $352,000 after acquiring an additional 188 shares during the last quarter. Dynamic Advisor Solutions LLC raised its position in Dominion Energy by 3.3% during the first quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider’s stock worth $338,000 after acquiring an additional 193 shares during the last quarter. Finally, Cornerstone Wealth Group LLC raised its position in Dominion Energy by 1.1% during the first quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider’s stock worth $1,022,000 after acquiring an additional 202 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dominion Energy

In related news, CEO Robert M. Blue bought 4,152 shares of the 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 owned 161,237 shares in the company, valued at $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on D. Evercore ISI began coverage on shares of Dominion Energy in a research report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 target price for the company. Barclays lifted their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a report on Thursday, August 21st. Finally, Morgan Stanley lowered their price target on shares of 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 research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $62.00.

Dominion Energy Stock Performance

Shares of NYSE D opened at $60.92 on Monday. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.46. The company has a 50-day simple moving average of $60.46 and a 200-day simple moving average of $57.23. The company has a market cap of $51.99 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.32 and a beta of 0.62. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49.

Dominion Energy (NYSE:D) last released its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) 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 analysts’ expectations of $3.73 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Dominion Energy’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. On average, equities analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

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

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.