Cobblestone Capital Advisors LLC NY Has $440,000 Stake in Dominion Energy Inc. $D

Cobblestone Capital Advisors LLC NY lifted its position in Dominion Energy Inc. (NYSE:D) by 11.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,782 shares of the utilities provider’s stock after purchasing an additional 778 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Dominion Energy were worth $440,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Dominion Energy by 64.3% in the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after buying an additional 3,553 shares in the last quarter. GAMMA Investing LLC raised its position in Dominion Energy by 13.3% in the first quarter. GAMMA Investing LLC now owns 22,771 shares of the utilities provider’s stock worth $1,277,000 after purchasing an additional 2,673 shares in the last quarter. Bessemer Group Inc. raised its position in Dominion Energy by 7.0% in the first quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider’s stock worth $527,000 after purchasing an additional 616 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Dominion Energy by 222.7% in the 1st quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider’s stock worth $51,000 after buying an additional 628 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Dominion Energy by 89.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 97,069 shares of the utilities provider’s stock worth $5,443,000 after buying an additional 45,746 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the stock in a transaction on Wednesday, August 27th. The stock was purchased at an average price of $60.35 per share, with a total value of $250,573.20. Following the acquisition, the chief executive officer owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $60.80 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The firm has a market cap of $51.88 billion, a P/E ratio of 20.96, a P/E/G ratio of 2.21 and a beta of 0.62. The firm has a 50 day simple moving average of $60.40 and a 200 day simple moving average of $57.82. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.52.

Dominion Energy (NYSE:D) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Sell-side analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, September 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. Dominion Energy’s payout ratio is currently 92.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. BTIG Research assumed coverage on Dominion Energy in a research note on Wednesday, October 22nd. They set a “neutral” rating for the company. Barclays increased their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Morgan Stanley increased their target price on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Finally, Evercore ISI began coverage on shares of Dominion Energy in a report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price objective for the company. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $62.43.

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.