NTV Asset Management LLC Lowers Holdings in Dominion Energy Inc. $D

NTV Asset Management LLC decreased its holdings in Dominion Energy Inc. (NYSE:D) by 2.1% in the second quarter, HoldingsChannel.com reports. The fund owned 10,348 shares of the utilities provider’s stock after selling 219 shares during the quarter. NTV Asset Management LLC’s holdings in Dominion Energy were worth $585,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in D. Patton Fund Management Inc. purchased a new stake in Dominion Energy during the 2nd quarter valued at approximately $235,000. Sowell Financial Services LLC purchased a new position in shares of Dominion Energy in the first quarter worth $314,000. QRG Capital Management Inc. boosted its position in shares of Dominion Energy by 13.8% during the first quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider’s stock worth $503,000 after acquiring an additional 1,087 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Dominion Energy by 114.8% during the first quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider’s stock valued at $680,000 after acquiring an additional 6,462 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in Dominion Energy by 7.0% in the 1st quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider’s stock valued at $527,000 after acquiring an additional 616 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Insider Transactions at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was acquired at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the transaction, the chief executive officer directly owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is currently owned by insiders.

Dominion Energy Stock Up 0.8%

Shares of NYSE:D opened at $61.57 on Friday. The company has a market cap of $52.55 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 1.34 and a beta of 0.62. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.46. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The company has a 50-day moving average price of $60.25 and a 200 day moving average price of $56.98.

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 the consensus estimate of $0.77 by ($0.02). The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The company’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, equities research analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy’s dividend payout ratio is 92.07%.

Analyst Ratings Changes

Several brokerages have commented on D. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research note on Saturday, September 27th. Morgan Stanley reduced their target price on Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Finally, JPMorgan Chase & Co. increased their price target on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average price target 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.