Bar Harbor Wealth Management Raises Stock Holdings in Dominion Energy Inc. $D

Bar Harbor Wealth Management grew its position in shares of Dominion Energy Inc. (NYSE:D) by 22.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,165 shares of the utilities provider’s stock after buying an additional 9,594 shares during the period. Bar Harbor Wealth Management’s holdings in Dominion Energy were worth $3,005,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. AlphaQuest LLC bought a new position in Dominion Energy during the 1st quarter worth approximately $27,000. VSM Wealth Advisory LLC bought a new position in Dominion Energy during the 1st quarter worth approximately $28,000. Dagco Inc. bought a new position in Dominion Energy during the 1st quarter worth approximately $31,000. ANTIPODES PARTNERS Ltd bought a new position in Dominion Energy during the 1st quarter worth approximately $34,000. Finally, N.E.W. Advisory Services LLC bought a new position in Dominion Energy during the 1st quarter worth approximately $34,000. Institutional investors own 73.04% of the company’s stock.

Insider Buying and Selling

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday. JPMorgan Chase & Co. raised their price target on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a report on Thursday, August 21st. Barclays raised their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday. Evercore ISI initiated coverage on Dominion Energy in a report on Tuesday. They issued an “in-line” rating and a $67.00 price target on the stock. Finally, Morgan Stanley cut their price target 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. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $62.00.

Dominion Energy Stock Down 0.5%

D opened at $60.56 on Thursday. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.46. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The stock has a market cap of $51.68 billion, a P/E ratio of 20.88, a P/E/G ratio of 1.32 and a beta of 0.62. The stock’s 50 day moving average price is $60.41 and its 200 day moving average price is $57.09.

Dominion Energy (NYSE:D) last posted 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 during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The firm’s 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. As a group, research analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 4.4%. The ex-dividend date was Friday, September 5th. Dominion Energy’s dividend payout ratio (DPR) is currently 92.07%.

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.