MAI Capital Management Raises Holdings in Dominion Energy Inc. $D

MAI Capital Management grew its holdings in Dominion Energy Inc. (NYSE:D) by 9.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,885 shares of the utilities provider’s stock after purchasing an additional 2,049 shares during the period. MAI Capital Management’s holdings in Dominion Energy were worth $1,350,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of D. Westside Investment Management Inc. boosted its position in shares of Dominion Energy by 123.3% during the second 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 last quarter. AlphaQuest LLC bought a new position in Dominion Energy during the 1st quarter valued at about $27,000. Dagco Inc. purchased a new stake in shares of Dominion Energy during the 1st quarter valued at about $31,000. N.E.W. Advisory Services LLC bought a new stake in shares of Dominion Energy in the first quarter worth approximately $34,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Dominion Energy during the second quarter valued at approximately $36,000. 73.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Evercore ISI began coverage on shares of Dominion Energy in a report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 target price on the stock. Wells Fargo & Company assumed coverage on Dominion Energy in a research note on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 price target on the stock. BMO Capital Markets cut their price objective on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Finally, 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. 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. According to MarketBeat.com, Dominion Energy has an average rating of “Hold” and a consensus price target of $64.22.

Dominion Energy Price Performance

NYSE D opened at $61.63 on Tuesday. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.52. The stock has a market cap of $52.64 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 2.13 and a beta of 0.63. The company’s 50 day moving average is $60.62 and its two-hundred day moving average is $58.79. The company has a current ratio of 0.67, a quick ratio of 0.49 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. The business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.71 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, research analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 20th. Stockholders of record on Friday, December 5th will be paid 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 dividend yield of 4.3%. Dominion Energy’s dividend payout ratio is 90.82%.

Insider Activity

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was purchased at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the transaction, the chief executive officer owned 161,237 shares of the company’s stock, valued at $9,730,652.95. This trade represents a 2.64% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

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.