Trust Co. of Toledo NA OH Trims Position in Dominion Energy Inc. $D

Trust Co. of Toledo NA OH cut its holdings in shares of Dominion Energy Inc. (NYSE:D) by 4.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 20,405 shares of the utilities provider’s stock after selling 1,017 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Dominion Energy were worth $1,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of D. Patton Fund Management Inc. purchased a new position in shares of Dominion Energy during the 2nd quarter valued at approximately $235,000. Sowell Financial Services LLC purchased a new position in shares of Dominion Energy during the 1st quarter valued at approximately $314,000. QRG Capital Management Inc. increased its holdings in shares of Dominion Energy by 13.8% during the 1st quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider’s stock valued at $503,000 after purchasing an additional 1,087 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Dominion Energy by 114.8% during the 1st quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider’s stock valued at $680,000 after purchasing an additional 6,462 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Dominion Energy by 7.0% during the 1st quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider’s stock valued at $527,000 after purchasing an additional 616 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the stock in a transaction on Wednesday, August 27th. The shares were bought at an average price of $60.35 per share, with a total value of $250,573.20. Following the purchase, the chief executive officer directly owned 161,237 shares in the company, valued at $9,730,652.95. This trade represents a 2.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by company insiders.

Dominion Energy Trading Up 1.1%

Shares of D opened at $60.92 on Friday. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.46. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The firm’s fifty day moving average is $60.46 and its two-hundred day moving average is $57.21. The stock has a market cap of $51.99 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.32 and a beta of 0.62.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period last year, the firm earned $0.65 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Research analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy’s payout ratio is 92.07%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on D shares. Morgan Stanley cut their target price on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Barclays boosted their price target 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. JPMorgan Chase & Co. boosted their price target on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a report on Thursday, August 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday. Finally, 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 price target for the company. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $62.00.

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.