Vestmark Advisory Solutions Inc. Has $3.60 Million Stock Position in Dominion Energy Inc. $D

Vestmark Advisory Solutions Inc. lessened its stake in Dominion Energy Inc. (NYSE:D) by 28.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 63,739 shares of the utilities provider’s stock after selling 24,851 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Dominion Energy were worth $3,603,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. AlphaQuest LLC acquired a new stake in Dominion Energy in the first quarter valued at $27,000. Westside Investment Management Inc. raised its holdings in shares of Dominion Energy by 123.3% in the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 259 shares during the period. VSM Wealth Advisory LLC acquired a new stake in Dominion Energy in the 1st quarter valued at about $28,000. Dagco Inc. bought a new position in Dominion Energy during the first quarter worth about $31,000. Finally, ANTIPODES PARTNERS Ltd acquired a new position in Dominion Energy during the first quarter worth approximately $34,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Price Performance

NYSE:D opened at $61.59 on Friday. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.52. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. The firm’s 50-day simple moving average is $60.21 and its 200 day simple moving average is $58.24. The firm has a market cap of $52.60 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 2.13 and a beta of 0.63.

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

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.6675 per share. 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 dividend payout ratio (DPR) is 90.82%.

Insiders Place Their Bets

In related news, CEO Robert M. Blue bought 4,152 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was purchased at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the transaction, the chief executive officer owned 161,237 shares in the company, valued at $9,730,652.95. The trade was a 2.64% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on D. Barclays lifted their target price on Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Evercore ISI assumed coverage on shares of Dominion Energy in a research report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price objective for the company. BTIG Research started coverage on shares of Dominion Energy in a research note on Wednesday, October 22nd. They set a “neutral” rating for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a report on Thursday, August 21st. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average target price of $64.22.

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.