Private Trust Co. NA Sells 292 Shares of Dominion Energy Inc. $D

Private Trust Co. NA lessened its position in shares of Dominion Energy Inc. (NYSE:D) by 5.6% during the second quarter, HoldingsChannel.com reports. The fund owned 4,891 shares of the utilities provider’s stock after selling 292 shares during the period. Private Trust Co. NA’s holdings in Dominion Energy were worth $276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of D. Wellington Management Group LLP increased its holdings in Dominion Energy by 19.4% during the 1st quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock worth $994,917,000 after acquiring an additional 2,882,252 shares during the period. Nuveen LLC purchased a new position in Dominion Energy in the 1st quarter worth approximately $96,723,000. AQR Capital Management LLC grew its stake in Dominion Energy by 588.9% in the 1st quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider’s stock worth $109,678,000 after buying an additional 1,687,819 shares in the last quarter. Vanguard Group Inc. grew its stake in Dominion Energy by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock worth $5,106,823,000 after buying an additional 1,565,459 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Dominion Energy by 12.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider’s stock worth $790,092,000 after buying an additional 1,552,985 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on D shares. JPMorgan Chase & Co. boosted their price target on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research note on Thursday, August 21st. Morgan Stanley cut 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 research note on Thursday, September 25th. Evercore ISI started coverage on shares of Dominion Energy in a research note on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price target for the company. Barclays boosted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $62.00.

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $61.51 on Tuesday. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.52. The stock has a market capitalization of $52.49 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62. The company has a fifty day moving average of $60.44 and a 200-day moving average of $57.48. 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 announced its quarterly earnings data 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). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period last year, the company posted $0.65 EPS. Dominion Energy’s revenue for the quarter was up 9.3% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Equities research analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were given 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 yield of 4.3%. Dominion Energy’s dividend payout ratio is presently 92.07%.

Insiders Place Their Bets

In other news, CEO Robert M. Blue purchased 4,152 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was acquired at an average price of $60.35 per share, with a total value 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is owned by insiders.

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.