Los Angeles Capital Management LLC Sells 245,723 Shares of Dominion Energy Inc. $D

Los Angeles Capital Management LLC reduced its holdings in shares of Dominion Energy Inc. (NYSE:D) by 39.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 374,879 shares of the utilities provider’s stock after selling 245,723 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Dominion Energy were worth $21,188,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. SPC Financial Inc. increased its holdings in shares of Dominion Energy by 1.4% in the second quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock valued at $688,000 after purchasing an additional 172 shares during the last quarter. Maridea Wealth Management LLC grew its stake in Dominion Energy by 2.1% in the 2nd quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock valued at $505,000 after buying an additional 183 shares during the last quarter. Quotient Wealth Partners LLC raised its holdings in Dominion Energy by 2.4% in the 2nd quarter. Quotient Wealth Partners LLC now owns 7,795 shares of the utilities provider’s stock valued at $441,000 after acquiring an additional 184 shares during the period. Private Client Services LLC lifted its position in Dominion Energy by 3.1% during the second quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider’s stock worth $352,000 after acquiring an additional 188 shares during the last quarter. Finally, Crewe Advisors LLC boosted its holdings in shares of Dominion Energy by 11.8% during the second quarter. Crewe Advisors LLC now owns 1,797 shares of the utilities provider’s stock worth $102,000 after acquiring an additional 189 shares during the period. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Morgan Stanley lifted their price target on Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $70.00 target price on shares of Dominion Energy in a research report on Tuesday, October 28th. Evercore ISI initiated coverage on shares of Dominion Energy in a report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price objective for the company. Wells Fargo & Company initiated coverage on shares of Dominion Energy in a research report on Tuesday, October 28th. They set an “overweight” rating and a $67.00 target price on the stock. Finally, BTIG Research began coverage on shares of Dominion Energy in a research report on Wednesday, October 22nd. They issued a “neutral” rating for the company. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and a consensus price target of $64.22.

Insider Buying and Selling

In related news, CEO Robert M. Blue bought 4,152 shares of the company’s stock in a transaction dated 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 completion of the acquisition, the chief executive officer owned 161,237 shares of the company’s stock, valued at $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.11% of the company’s stock.

Dominion Energy Price Performance

Shares of NYSE:D opened at $61.59 on Friday. The firm has a 50 day moving average of $60.21 and a 200-day moving average of $58.24. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month 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 capitalization of $52.60 billion, a PE ratio of 21.24, a PEG ratio of 2.13 and a beta of 0.63.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.04. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter last year, the business posted $0.98 EPS. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. On average, equities research analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders of record on Friday, December 5th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, December 5th. Dominion Energy’s payout ratio is currently 90.82%.

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.