Everett Harris & Co. CA Increases Stock Position in Dominion Energy Inc. $D

Everett Harris & Co. CA raised its holdings in shares of Dominion Energy Inc. (NYSE:D) by 4.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 130,643 shares of the utilities provider’s stock after purchasing an additional 5,764 shares during the period. Everett Harris & Co. CA’s holdings in Dominion Energy were worth $7,384,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in Dominion Energy by 19.4% in the 1st quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock worth $994,917,000 after buying an additional 2,882,252 shares in the last quarter. Nuveen LLC bought a new position in Dominion Energy during the 1st quarter valued at about $96,723,000. AQR Capital Management LLC boosted its holdings in shares of Dominion Energy by 588.9% during the 1st quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider’s stock valued at $109,678,000 after acquiring an additional 1,687,819 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Dominion Energy by 1.7% in the first quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock worth $5,106,823,000 after acquiring an additional 1,565,459 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Dominion Energy by 12.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider’s stock valued at $790,092,000 after purchasing an additional 1,552,985 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

D has been the topic of several research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a report on Thursday, August 21st. Morgan Stanley lifted their price objective 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 report on Tuesday, October 28th. Finally, Wells Fargo & Company initiated coverage on Dominion Energy in a research report on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $64.22.

Dominion Energy Stock Performance

NYSE:D opened at $61.22 on Wednesday. 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 stock has a 50-day simple moving average of $60.28 and a two-hundred day simple moving average of $58.38. The firm has a market capitalization of $52.28 billion, a PE ratio of 21.11, a P/E/G ratio of 2.13 and a beta of 0.63. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.52.

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

Dominion Energy Announces Dividend

The company also recently declared 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 dividend yield of 4.4%. The ex-dividend date is Friday, December 5th. Dominion Energy’s dividend payout ratio is presently 90.82%.

Insider Activity

In other news, CEO Robert M. Blue acquired 4,152 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were 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 directly owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by company insiders.

Dominion Energy Company 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.