Dominion Energy Inc. $D Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co lessened its stake in shares of Dominion Energy Inc. (NYSE:D) by 6.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,353 shares of the utilities provider’s stock after selling 1,736 shares during the quarter. CENTRAL TRUST Co’s holdings in Dominion Energy were worth $1,546,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Patton Fund Management Inc. acquired a new position in shares of Dominion Energy in the 2nd quarter worth approximately $235,000. Bryn Mawr Trust Advisors LLC boosted its holdings in Dominion Energy by 19.0% during the second quarter. Bryn Mawr Trust Advisors LLC now owns 104,710 shares of the utilities provider’s stock worth $5,918,000 after buying an additional 16,731 shares in the last quarter. Central Pacific Bank Trust Division grew its position in Dominion Energy by 28.3% in the second quarter. Central Pacific Bank Trust Division now owns 56,491 shares of the utilities provider’s stock worth $3,193,000 after buying an additional 12,453 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Dominion Energy by 97.5% in the second quarter. Assetmark Inc. now owns 41,025 shares of the utilities provider’s stock valued at $2,319,000 after buying an additional 20,248 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Dominion Energy by 4.5% during the 2nd quarter. Nordea Investment Management AB now owns 74,673 shares of the utilities provider’s stock valued at $4,185,000 after acquiring an additional 3,244 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Up 0.3%

D stock opened at $61.39 on Thursday. The company has a 50 day moving average of $60.33 and a two-hundred day moving average of $58.40. The company has a market cap of $52.43 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.13 and a beta of 0.63. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month 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.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share 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 business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same period in the prior year, the business posted $0.98 earnings per share. Dominion Energy’s revenue for the quarter 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. On average, equities analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 20th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.3%. Dominion Energy’s dividend payout ratio (DPR) is 90.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Evercore ISI began coverage on Dominion Energy in a report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price objective on the stock. BMO Capital Markets decreased their target price on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Barclays lifted their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Finally, BTIG Research started 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 company. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $64.22.

Insider Activity

In other news, CEO Robert M. Blue purchased 4,152 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was acquired at an average price of $60.35 per share, with a total value of $250,573.20. Following the purchase, the chief executive officer owned 161,237 shares in the company, valued at $9,730,652.95. This represents a 2.64% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by corporate 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.