Dominion Energy Inc. $D Shares Acquired by Bryn Mawr Trust Advisors LLC

Bryn Mawr Trust Advisors LLC boosted its holdings in Dominion Energy Inc. (NYSE:D) by 19.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,710 shares of the utilities provider’s stock after acquiring an additional 16,731 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Dominion Energy were worth $5,918,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Patton Fund Management Inc. acquired a new position in Dominion Energy in the second quarter valued at about $235,000. Central Pacific Bank Trust Division lifted its holdings in shares of Dominion Energy by 28.3% in the 2nd quarter. Central Pacific Bank Trust Division now owns 56,491 shares of the utilities provider’s stock worth $3,193,000 after acquiring an additional 12,453 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Dominion Energy by 4.5% during the 2nd quarter. Nordea Investment Management AB now owns 74,673 shares of the utilities provider’s stock worth $4,185,000 after purchasing an additional 3,244 shares during the period. AlphaQuest LLC acquired a new stake in Dominion Energy in the 1st quarter valued at approximately $27,000. Finally, Belpointe Asset Management LLC raised its position in Dominion Energy by 63.2% in the first quarter. Belpointe Asset Management LLC now owns 15,705 shares of the utilities provider’s stock valued at $881,000 after purchasing an additional 6,079 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Insider Activity

In other news, CEO Robert M. Blue acquired 4,152 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was acquired at an average cost of $60.35 per share, with a total value of $250,573.20. Following the transaction, the chief executive officer owned 161,237 shares in the company, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.11% of the company’s stock.

Dominion Energy Trading Up 1.3%

D opened at $60.48 on Friday. The business has a fifty day moving average price of $60.18 and a 200 day moving average price of $58.14. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.52. The stock has a market capitalization of $51.65 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.13 and a beta of 0.63.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.04. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The business had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter last year, the business posted $0.98 EPS. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Sell-side analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 20th. Stockholders of record on Friday, December 5th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, December 5th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.82%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Barclays raised their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Evercore ISI started coverage on Dominion Energy in a report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 target price for the company. Wells Fargo & Company assumed coverage on Dominion Energy in a research report on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 target price for the company. BTIG Research assumed coverage on shares of Dominion Energy in a research report on Wednesday, October 22nd. They set a “neutral” rating on the stock. Finally, Morgan Stanley raised their price objective on shares of Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $63.90.

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.