Violich Capital Management Inc. Trims Holdings in Dominion Energy Inc. $D

Violich Capital Management Inc. trimmed its holdings in shares of Dominion Energy Inc. (NYSE:D) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,655 shares of the utilities provider’s stock after selling 200 shares during the quarter. Violich Capital Management Inc.’s holdings in Dominion Energy were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Dominion Energy by 1.7% during the first quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock worth $5,106,823,000 after purchasing an additional 1,565,459 shares during the last quarter. Dodge & Cox lifted its stake in Dominion Energy by 3.0% during the first quarter. Dodge & Cox now owns 23,308,378 shares of the utilities provider’s stock worth $1,306,901,000 after purchasing an additional 685,245 shares during the last quarter. Wellington Management Group LLP lifted its stake in Dominion Energy by 19.4% during the first quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock worth $994,917,000 after purchasing an additional 2,882,252 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Dominion Energy by 6.3% during the first quarter. Bank of New York Mellon Corp now owns 15,878,683 shares of the utilities provider’s stock worth $890,318,000 after purchasing an additional 939,835 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Dominion Energy by 12.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider’s stock worth $790,092,000 after purchasing an additional 1,552,985 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on D shares. Morgan Stanley lowered their target price on Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. 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, October 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 21st. Finally, Evercore ISI initiated coverage on Dominion Energy in a research report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price target for the company. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average target price of $62.00.

Insider Buying and Selling

In related news, CEO Robert M. Blue purchased 4,152 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was bought 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 owned 161,237 shares in the company, valued at approximately $9,730,652.95. The trade was a 2.64% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.11% of the company’s stock.

Dominion Energy Stock Performance

D stock opened at $60.58 on Friday. The stock has a market capitalization of $51.70 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month 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’s 50 day simple moving average is $60.44 and its 200 day simple moving average is $57.41.

Dominion Energy (NYSE:D) last released its quarterly earnings results 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 firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the company earned $0.65 earnings per share. Dominion Energy’s quarterly 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 forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

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

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.