Dominion Energy Inc. $D Shares Purchased by Brighton Jones LLC

Brighton Jones LLC boosted its stake in Dominion Energy Inc. (NYSE:D) by 40.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 11,824 shares of the utilities provider’s stock after purchasing an additional 3,376 shares during the period. Brighton Jones LLC’s holdings in Dominion Energy were worth $668,000 at the end of the most recent quarter.

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

Insider Activity at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of Dominion Energy stock in a transaction dated Wednesday, August 27th. The stock was acquired at an average cost of $60.35 per share, with a total value of $250,573.20. Following the completion of the acquisition, the chief executive officer 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Dominion Energy Price Performance

Shares of D opened at $59.69 on Wednesday. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.52. The stock has a market cap of $50.94 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 2.20 and a beta of 0.62. 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 fifty day moving average price of $60.37 and a 200 day moving average price of $57.88.

Dominion Energy (NYSE:D) last announced 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). 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 during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period last year, the firm 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, sell-side analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Stockholders of record on Friday, September 5th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy’s dividend payout ratio is presently 92.07%.

Analyst Upgrades and Downgrades

D has been the subject of a number of analyst reports. Morgan Stanley boosted 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 note on Wednesday, October 22nd. Royal Bank Of Canada reiterated a “sector perform” rating and set a $70.00 target price on shares of Dominion Energy in a research note on Tuesday. Barclays boosted their target price 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. Finally, BTIG Research initiated coverage on shares of Dominion Energy in a research note on Wednesday, October 22nd. They set a “neutral” rating for the company. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and an average target price of $63.78.

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.