City Holding Co. Sells 237 Shares of Dominion Energy Inc. $D

City Holding Co. decreased its stake in Dominion Energy Inc. (NYSE:D) by 1.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 19,287 shares of the utilities provider’s stock after selling 237 shares during the quarter. City Holding Co.’s holdings in Dominion Energy were worth $1,090,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Maridea Wealth Management LLC lifted its stake in Dominion Energy by 2.1% in the 2nd quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock valued at $505,000 after purchasing an additional 183 shares during the last quarter. Private Client Services LLC lifted its stake in Dominion Energy by 3.1% in the 2nd quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider’s stock valued at $352,000 after purchasing an additional 188 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Dominion Energy by 3.3% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider’s stock valued at $338,000 after purchasing an additional 193 shares during the last quarter. Cornerstone Wealth Group LLC lifted its stake in Dominion Energy by 1.1% in the 1st quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider’s stock valued at $1,022,000 after purchasing an additional 202 shares during the last quarter. Finally, Cobblestone Asset Management LLC lifted its stake in Dominion Energy by 3.2% in the 2nd quarter. Cobblestone Asset Management LLC now owns 6,620 shares of the utilities provider’s stock valued at $374,000 after purchasing an additional 206 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the stock in a transaction dated Wednesday, August 27th. The shares were bought at an average cost of $60.35 per share, with a total value of $250,573.20. Following the completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on D shares. Morgan Stanley cut their target price on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating for the company in a research note on Thursday. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $60.33.

Dominion Energy Trading Up 1.1%

Shares of D stock opened at $60.35 on Monday. The firm has a 50 day moving average price of $59.99 and a two-hundred day moving average price of $56.77. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $51.50 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 1.31 and a beta of 0.60. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.46.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business earned $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, analysts predict 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 was paid on Saturday, September 20th. Stockholders of record on Friday, September 5th were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.67 annualized dividend and a dividend 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.