Strategic Blueprint LLC Boosts Stake in Dominion Energy Inc. $D

Strategic Blueprint LLC lifted its stake in Dominion Energy Inc. (NYSE:D) by 13.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 9,054 shares of the utilities provider’s stock after acquiring an additional 1,066 shares during the period. Strategic Blueprint LLC’s holdings in Dominion Energy were worth $512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of D. AlphaQuest LLC purchased a new stake in shares of Dominion Energy in the 1st quarter worth $27,000. VSM Wealth Advisory LLC purchased a new stake in shares of Dominion Energy in the 1st quarter worth $28,000. Dagco Inc. purchased a new stake in shares of Dominion Energy in the 1st quarter worth $31,000. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Dominion Energy in the 1st quarter worth $34,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Dominion Energy in the 1st quarter worth $34,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Up 0.6%

D opened at $61.05 on Friday. The firm has a 50-day simple moving average of $60.40 and a two-hundred day simple moving average of $57.73. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.52. The company has a market capitalization of $52.10 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 2.21 and a beta of 0.62. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period last year, the company earned $0.65 EPS. The firm’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. Analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were issued 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 92.07%.

Insider Activity at Dominion Energy

In related news, CEO Robert M. Blue acquired 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 acquisition, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.11% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research note on Friday. BTIG Research began coverage on Dominion Energy in a research note on Wednesday. They issued a “neutral” rating for the company. Barclays increased their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. 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 note on Thursday, August 21st. 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 price target for the company. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and a consensus price target of $62.43.

Dominion Energy 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.