Cypress Capital Group Reduces Holdings in Dominion Energy Inc. $D

Cypress Capital Group cut its stake in Dominion Energy Inc. (NYSE:D) by 5.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,015 shares of the utilities provider’s stock after selling 360 shares during the period. Cypress Capital Group’s holdings in Dominion Energy were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of D. Wellington Management Group LLP grew its holdings in shares of 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 valued at $994,917,000 after buying an additional 2,882,252 shares during the last quarter. Nuveen LLC acquired a new stake in Dominion Energy during the 1st quarter worth about $96,723,000. AQR Capital Management LLC grew its stake in Dominion Energy by 588.9% during the 1st quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider’s stock valued at $109,678,000 after purchasing an additional 1,687,819 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Dominion Energy by 1.7% in the first quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock valued at $5,106,823,000 after purchasing an additional 1,565,459 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Dominion Energy by 12.4% in 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. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.6%

D stock opened at $61.34 on Tuesday. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.46. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. The firm’s fifty day moving average is $60.46 and its 200 day moving average is $57.28. The firm has a market cap of $52.35 billion, a PE ratio of 21.15, a P/E/G ratio of 1.32 and a beta of 0.62.

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 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 analysts’ expectations of $3.73 billion. During the same period in the previous year, the company earned $0.65 earnings per share. The company’s 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. On average, research analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.4%. Dominion Energy’s payout ratio is 92.07%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Barclays upped their target price on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Evercore ISI initiated coverage on shares of Dominion Energy in a report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 target price for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased 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. Finally, Morgan Stanley reduced their price objective 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. One equities research 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. According to data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average price target of $62.00.

Insider Buying and Selling at Dominion Energy

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

Dominion Energy Company 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.