Chicago Partners Investment Group LLC Purchases 858 Shares of Dominion Energy Inc. $D

Chicago Partners Investment Group LLC lifted its position in shares of Dominion Energy Inc. (NYSE:D) by 21.2% in the second quarter, HoldingsChannel reports. The fund owned 4,907 shares of the utilities provider’s stock after buying an additional 858 shares during the period. Chicago Partners Investment Group LLC’s holdings in Dominion Energy were worth $286,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Patton Fund Management Inc. bought a new stake in shares of Dominion Energy during the second quarter worth $235,000. Bessemer Group Inc. raised its position in shares of Dominion Energy by 7.0% during the first quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider’s stock worth $527,000 after acquiring an additional 616 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in Dominion Energy by 222.7% in the first quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 628 shares during the last quarter. Central Pacific Bank Trust Division increased its holdings in Dominion Energy by 28.3% in the second quarter. Central Pacific Bank Trust Division now owns 56,491 shares of the utilities provider’s stock valued at $3,193,000 after purchasing an additional 12,453 shares during the last quarter. Finally, AlphaQuest LLC bought a new stake in Dominion Energy in the first quarter valued at about $27,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.6%

NYSE:D opened at $61.05 on Friday. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.52. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The stock has a market cap of $52.10 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 2.20 and a beta of 0.62. The stock has a 50-day moving average price of $60.40 and a two-hundred day moving average price of $57.67.

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). 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 analyst estimates of $3.73 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, equities analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Stockholders of record on Friday, September 5th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy’s dividend payout ratio is currently 92.07%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on D. BTIG Research began coverage on Dominion Energy in a report on Wednesday. They issued a “neutral” rating for the company. Barclays upped their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Morgan Stanley upped their price objective on Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a report on Friday. Finally, Evercore ISI assumed coverage on Dominion Energy in a report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price objective for the company. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and a consensus target price of $62.43.

Insider Buying and Selling at Dominion Energy

In other news, CEO Robert M. Blue acquired 4,152 shares of Dominion Energy stock in a transaction dated Wednesday, August 27th. The stock was bought at an average cost of $60.35 per share, with a total value of $250,573.20. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by corporate 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.