National Pension Service Sells 1,385,797 Shares of Dominion Energy Inc. $D

National Pension Service lessened its stake in shares of Dominion Energy Inc. (NYSE:D) by 56.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,087,347 shares of the utilities provider’s stock after selling 1,385,797 shares during the quarter. National Pension Service’s holdings in Dominion Energy were worth $61,457,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on D. JPMorgan Chase & Co. raised their target price on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research report on Thursday, August 21st. Barclays raised their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Wells Fargo & Company began coverage on shares of Dominion Energy in a report on Tuesday, October 28th. They set an “overweight” rating and a $67.00 target price for the company. BMO Capital Markets decreased their price target on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research report on Monday, November 3rd. Finally, Evercore ISI initiated coverage on Dominion Energy in a research note on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price objective for the company. Two research 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 a consensus rating of “Hold” and a consensus target price of $64.22.

Dominion Energy Price Performance

Shares of NYSE:D opened at $60.86 on Friday. The company has a market capitalization of $51.97 billion, a P/E ratio of 20.99, a P/E/G ratio of 2.13 and a beta of 0.63. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.52. The firm’s 50 day simple moving average is $60.37 and its two-hundred day simple moving average is $58.42. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49.

Dominion Energy (NYSE:D) last issued its quarterly 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 return on equity of 9.68% and a net margin of 16.45%.The business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the prior year, the business posted $0.98 EPS. 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. Research analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 20th. Investors of record on Friday, December 5th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy’s payout ratio is currently 90.82%.

Insiders Place Their Bets

In related news, CEO Robert M. Blue acquired 4,152 shares of the business’s stock in a transaction on 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 acquisition, the chief executive officer directly owned 161,237 shares in the company, valued at $9,730,652.95. This represents a 2.64% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.11% of the stock is owned by insiders.

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.