Westbourne Investments Inc. Sells 2,550 Shares of Dominion Energy Inc. $D

Westbourne Investments Inc. cut its holdings in Dominion Energy Inc. (NYSE:D) by 34.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,790 shares of the utilities provider’s stock after selling 2,550 shares during the quarter. Westbourne Investments Inc.’s holdings in Dominion Energy were worth $271,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of D. Brighton Jones LLC grew its position in shares of Dominion Energy by 64.3% in the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after purchasing an additional 3,553 shares during the period. Tidal Investments LLC boosted its position in Dominion Energy by 87.3% during the 4th quarter. Tidal Investments LLC now owns 71,816 shares of the utilities provider’s stock worth $3,868,000 after acquiring an additional 33,477 shares during the last quarter. Two Sigma Investments LP boosted its position in Dominion Energy by 1,090.0% during the 4th quarter. Two Sigma Investments LP now owns 676,155 shares of the utilities provider’s stock worth $36,418,000 after acquiring an additional 619,335 shares during the last quarter. Two Sigma Advisers LP boosted its position in Dominion Energy by 2,650.6% during the 4th quarter. Two Sigma Advisers LP now owns 456,600 shares of the utilities provider’s stock worth $24,592,000 after acquiring an additional 440,000 shares during the last quarter. Finally, Twinbeech Capital LP boosted its position in Dominion Energy by 1,170.8% during the 4th quarter. Twinbeech Capital LP now owns 261,222 shares of the utilities provider’s stock worth $14,069,000 after acquiring an additional 240,666 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Down 1.8%

D stock opened at $59.47 on Wednesday. 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 capitalization of $50.75 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 1.31 and a beta of 0.60. The business’s fifty day moving average price is $59.55 and its two-hundred day moving average price is $56.46. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.46.

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 return on equity of 9.68% and a net margin of 16.45%.The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the previous year, the business earned $0.65 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, equities 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 announced a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Friday, September 5th. Dominion Energy’s payout ratio is currently 92.07%.

Analyst Upgrades and Downgrades

D has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their price target on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research report on Thursday, August 21st. Morgan Stanley reduced their price target on Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 18th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $59.57.

Insider Activity at Dominion Energy

In other news, CEO Robert M. Blue purchased 4,152 shares of the business’s stock in a transaction dated 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 purchase, the chief executive officer owned 161,237 shares of the company’s stock, valued at $9,730,652.95. This trade represents a 2.64% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 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.