Dominion Energy Inc. $D Shares Sold by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC reduced its stake in shares of Dominion Energy Inc. (NYSE:D) by 12.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,802 shares of the utilities provider’s stock after selling 561 shares during the period. Precedent Wealth Partners LLC’s holdings in Dominion Energy were worth $215,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Maridea Wealth Management LLC grew its holdings in Dominion Energy by 2.1% during the 2nd quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock worth $505,000 after acquiring an additional 183 shares in the last quarter. Private Client Services LLC grew its holdings in Dominion Energy by 3.1% during the 2nd quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider’s stock worth $352,000 after acquiring an additional 188 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in 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 acquiring an additional 193 shares in the last quarter. Cornerstone Wealth Group LLC grew its holdings in Dominion Energy by 1.1% during the 1st quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider’s stock worth $1,022,000 after acquiring an additional 202 shares in the last quarter. Finally, Cobblestone Asset Management LLC grew its holdings in Dominion Energy by 3.2% during the 2nd quarter. Cobblestone Asset Management LLC now owns 6,620 shares of the utilities provider’s stock worth $374,000 after acquiring an additional 206 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Morgan Stanley decreased their price target on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a report on Thursday, August 21st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $60.33.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue bought 4,152 shares of Dominion Energy stock in a transaction on Wednesday, August 27th. The stock was purchased at an average cost of $60.35 per share, with a total value of $250,573.20. Following the purchase, the chief executive officer directly owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by insiders.

Dominion Energy Trading Up 0.8%

Dominion Energy stock opened at $61.57 on Friday. 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 firm has a 50-day moving average price of $60.25 and a two-hundred day moving average price of $56.98. The firm has a market capitalization of $52.55 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 1.34 and a beta of 0.62. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.46.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Sell-side analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy’s payout ratio is presently 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.