Folger Nolan Fleming Douglas Capital Management Inc. Cuts Position in Dominion Energy Inc. $D

Folger Nolan Fleming Douglas Capital Management Inc. lowered its stake in shares of Dominion Energy Inc. (NYSE:D) by 6.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,731 shares of the utilities provider’s stock after selling 2,548 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Dominion Energy were worth $2,133,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions at Dominion Energy

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

Dominion Energy Stock Up 1.1%

Shares of NYSE D opened at $60.92 on Friday. The stock has a market cap of $51.99 billion, a P/E ratio of 21.01, a P/E/G ratio of 1.31 and a beta of 0.62. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.46. 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 firm has a 50 day moving average price of $60.46 and a 200 day moving average price of $57.19.

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

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy’s dividend payout ratio is 92.07%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Barclays lifted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday. 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 target for the company. JPMorgan Chase & Co. raised their price target on shares of 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 decreased their price target on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $62.00.

About Dominion Energy

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.