Valeo Financial Advisors LLC Raises Position in Dominion Energy Inc. $D

Valeo Financial Advisors LLC lifted its stake in Dominion Energy Inc. (NYSE:D) by 13.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,568 shares of the utilities provider’s stock after buying an additional 2,096 shares during the period. Valeo Financial Advisors LLC’s holdings in Dominion Energy were worth $993,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. AlphaQuest LLC purchased a new position in Dominion Energy in the 1st quarter worth approximately $27,000. VSM Wealth Advisory LLC purchased a new position in shares of Dominion Energy in the first quarter worth $28,000. Dagco Inc. purchased a new position in shares of Dominion Energy in the first quarter worth $31,000. ANTIPODES PARTNERS Ltd purchased a new position in shares of Dominion Energy in the first quarter worth $34,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Dominion Energy in the first quarter valued at about $34,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Insider Activity

In related news, CEO Robert M. Blue purchased 4,152 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were purchased at an average price of $60.35 per share, with a total value of $250,573.20. Following the acquisition, the chief executive officer directly owned 161,237 shares in the company, valued at $9,730,652.95. The trade was a 2.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by insiders.

Dominion Energy Trading Down 1.0%

NYSE:D opened at $60.86 on Wednesday. The company’s 50 day moving average price is $60.37 and its 200-day moving average price is $57.07. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.46. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The stock has a market cap of $51.94 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.33 and a beta of 0.62.

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

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were given a dividend of $0.6675 per share. 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 dividend payout ratio (DPR) is 92.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on D shares. Evercore ISI assumed coverage on shares of Dominion Energy in a research report on Tuesday. They issued an “in-line” rating and a $67.00 price objective on the stock. JPMorgan Chase & Co. boosted 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 restated a “hold (c+)” rating on shares of Dominion Energy in a report 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 research note on Thursday, September 25th. Finally, Barclays boosted their target price on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.00.

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.