Dominion Energy Inc. $D Stock Position Raised by RFG Advisory LLC

RFG Advisory LLC raised its position in shares of Dominion Energy Inc. (NYSE:D) by 72.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,481 shares of the utilities provider’s stock after purchasing an additional 4,816 shares during the period. RFG Advisory LLC’s holdings in Dominion Energy were worth $649,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in D. Brighton Jones LLC raised its stake in shares of Dominion Energy by 64.3% during the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after purchasing an additional 3,553 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Dominion Energy by 13.3% during the 1st quarter. GAMMA Investing LLC now owns 22,771 shares of the utilities provider’s stock worth $1,277,000 after purchasing an additional 2,673 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Dominion Energy by 9.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 265,740 shares of the utilities provider’s stock worth $14,900,000 after purchasing an additional 21,991 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of Dominion Energy by 3.3% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider’s stock worth $338,000 after purchasing an additional 193 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in shares of Dominion Energy during the 1st quarter worth about $314,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on D. Barclays raised their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Morgan Stanley lowered their price objective 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. JPMorgan Chase & Co. increased their price objective 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 reissued a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. Finally, Evercore ISI assumed coverage on Dominion Energy in a report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price objective on the stock. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Dominion Energy has an average rating of “Hold” and an average price target of $62.00.

Dominion Energy Stock Down 0.1%

D opened at $60.58 on Friday. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.52. 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 stock has a market capitalization of $51.70 billion, a price-to-earnings ratio of 20.89, a P/E/G ratio of 1.31 and a beta of 0.62. The business has a 50 day moving average of $60.44 and a 200-day moving average of $57.40.

Dominion Energy (NYSE:D) last posted 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). 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 the consensus estimate of $3.73 billion. During the same period in the prior year, the company posted $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, sell-side analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

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

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue acquired 4,152 shares of Dominion Energy stock in a transaction dated Wednesday, August 27th. The stock was bought 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

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.