ZWJ Investment Counsel Inc. Lowers Position in Dominion Energy Inc. $D

ZWJ Investment Counsel Inc. cut its holdings in shares of Dominion Energy Inc. (NYSE:D) by 24.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,800 shares of the utilities provider’s stock after selling 1,514 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Dominion Energy were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Ascent Group LLC boosted its holdings in Dominion Energy by 4.0% during the 2nd quarter. Ascent Group LLC now owns 35,284 shares of the utilities provider’s stock valued at $1,994,000 after acquiring an additional 1,364 shares during the period. Greenwood Capital Associates LLC boosted its holdings in Dominion Energy by 1.2% during the 2nd quarter. Greenwood Capital Associates LLC now owns 28,489 shares of the utilities provider’s stock valued at $1,610,000 after acquiring an additional 332 shares during the period. Verus Financial Partners Inc. boosted its holdings in Dominion Energy by 20.9% during the 2nd quarter. Verus Financial Partners Inc. now owns 19,323 shares of the utilities provider’s stock valued at $1,104,000 after acquiring an additional 3,338 shares during the period. Hilltop National Bank purchased a new position in Dominion Energy during the 2nd quarter valued at about $58,000. Finally, Triad Wealth Partners LLC boosted its holdings in Dominion Energy by 13.0% during the 2nd 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 period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Shares of D opened at $61.57 on Friday. The stock has a 50-day simple moving average of $60.25 and a 200-day simple moving average of $56.98. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. The stock has a market capitalization of $52.55 billion, a PE ratio of 21.23, a PEG ratio of 1.34 and a beta of 0.62. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.46.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Stockholders of record on Friday, September 5th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy’s dividend payout ratio (DPR) is 92.07%.

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were acquired at an average price of $60.35 per share, with a total value of $250,573.20. Following the transaction, the chief executive officer owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on D shares. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a report on Saturday, September 27th. JPMorgan Chase & Co. raised their target price on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a report on Thursday, August 21st. Finally, Morgan Stanley lowered their target price 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 analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $60.33.

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.