Dominion Energy Inc. $D Shares Sold by Acorn Financial Advisory Services Inc. ADV

Acorn Financial Advisory Services Inc. ADV decreased its holdings in Dominion Energy Inc. (NYSE:D) by 1.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,737 shares of the utilities provider’s stock after selling 181 shares during the quarter. Acorn Financial Advisory Services Inc. ADV’s holdings in Dominion Energy were worth $776,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. SPC Financial Inc. boosted its position in shares of Dominion Energy by 1.4% in the 2nd quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock worth $688,000 after purchasing an additional 172 shares in the last quarter. Maridea Wealth Management LLC boosted its position in shares of Dominion Energy by 2.1% in the 2nd quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock worth $505,000 after purchasing an additional 183 shares in the last quarter. Private Client Services LLC boosted its position in shares of Dominion Energy by 3.1% in the 2nd quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider’s stock worth $352,000 after purchasing an additional 188 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of Dominion Energy by 3.3% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider’s stock worth $338,000 after purchasing an additional 193 shares in the last quarter. Finally, Cornerstone Wealth Group LLC raised 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 worth $1,022,000 after acquiring an additional 202 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

NYSE D opened at $61.34 on Tuesday. The stock has a 50-day simple moving average of $60.46 and a two-hundred day simple moving average of $57.28. The firm has a market capitalization of $52.35 billion, a P/E ratio of 21.15, a PEG ratio of 1.32 and a beta of 0.62. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week 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.

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

Dominion Energy Dividend Announcement

The business also recently disclosed 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. 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 dividend payout ratio (DPR) is presently 92.07%.

Insider Buying and Selling at Dominion Energy

In related news, CEO Robert M. Blue acquired 4,152 shares of Dominion Energy stock in a transaction on Wednesday, August 27th. The stock was acquired at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the purchase, the chief executive officer 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on D. JPMorgan Chase & Co. raised their target price on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research note on Thursday, August 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. Morgan Stanley reduced their target price 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. Barclays raised their target price on Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Finally, Evercore ISI began coverage on Dominion Energy in a research note on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 target price for the company. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and a consensus target price of $62.00.

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.