Sigma Planning Corp Sells 5,962 Shares of Dominion Energy Inc. $D

Sigma Planning Corp trimmed its stake in Dominion Energy Inc. (NYSE:D) by 25.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,880 shares of the utilities provider’s stock after selling 5,962 shares during the quarter. Sigma Planning Corp’s holdings in Dominion Energy were worth $1,011,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP grew its stake in shares of Dominion Energy by 19.4% in the first quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock valued at $994,917,000 after buying an additional 2,882,252 shares in the last quarter. Nuveen LLC acquired a new stake in Dominion Energy in the first quarter valued at $96,723,000. AQR Capital Management LLC increased its stake 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 worth $109,678,000 after purchasing an additional 1,687,819 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Dominion Energy by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock valued at $5,106,823,000 after purchasing an additional 1,565,459 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in Dominion Energy by 12.4% in the 1st 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. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on D. Wells Fargo & Company initiated coverage on Dominion Energy in a research report on Tuesday, October 28th. They set an “overweight” rating and a $67.00 price target on the stock. BTIG Research initiated coverage on Dominion Energy in a report on Wednesday, October 22nd. They set a “neutral” rating on the stock. BMO Capital Markets dropped their price target on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday. Morgan Stanley lifted their price objective on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Finally, Evercore ISI began coverage on shares of Dominion Energy in a research report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $63.90.

Insider Activity at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the stock in a transaction dated Wednesday, August 27th. The shares were bought at an average cost of $60.35 per share, with a total value of $250,573.20. Following the completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.11% of the company’s stock.

Dominion Energy Stock Performance

D opened at $60.48 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The business has a fifty day simple moving average of $60.18 and a 200 day simple moving average of $58.14. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.52. The company has a market capitalization of $51.65 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 2.13 and a beta of 0.63.

Dominion Energy (NYSE:D) last posted its 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 company had revenue of $4.53 billion during 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 company’s revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 earnings per share. 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 year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders of record on Friday, December 5th will be given a dividend of $0.6675 per share. 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%.

Dominion Energy 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.