Dominion Energy Inc. $D Shares Purchased by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. lifted its holdings in Dominion Energy Inc. (NYSE:D) by 5.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,084 shares of the utilities provider’s stock after purchasing an additional 270 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Dominion Energy were worth $287,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. AlphaQuest LLC acquired a new stake in shares of Dominion Energy in the 1st quarter worth $27,000. VSM Wealth Advisory LLC purchased a new position in Dominion Energy in the 1st quarter worth $28,000. Dagco Inc. purchased a new position in Dominion Energy in the 1st quarter worth $31,000. ANTIPODES PARTNERS Ltd purchased a new position in Dominion Energy in the 1st quarter worth $34,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Dominion Energy in the 1st quarter worth $34,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

NYSE:D opened at $60.80 on Tuesday. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.52. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $51.88 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 2.21 and a beta of 0.62. The stock’s 50-day moving average price is $60.40 and its 200-day moving average price is $57.82.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, August 1st. The utilities provider reported $0.75 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 for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the business earned $0.65 earnings per share. Dominion Energy’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 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 4.4%. Dominion Energy’s dividend payout ratio (DPR) is 92.07%.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue acquired 4,152 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were bought at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the acquisition, the chief executive officer owned 161,237 shares in the company, valued at approximately $9,730,652.95. This represents a 2.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on D. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. 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. Morgan Stanley raised their target price on Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. Barclays lifted their price objective on Dominion Energy from $60.00 to $63.00 and gave the company 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 set an “in-line” rating and a $67.00 price objective for the company. One equities research 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.