Prospera Financial Services Inc Sells 8,215 Shares of Dominion Energy Inc. $D

Prospera Financial Services Inc lowered its stake in shares of Dominion Energy Inc. (NYSE:D) by 13.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 54,886 shares of the utilities provider’s stock after selling 8,215 shares during the period. Prospera Financial Services Inc’s holdings in Dominion Energy were worth $3,103,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. 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 $27,000. VSM Wealth Advisory LLC purchased a new position in Dominion Energy during the 1st quarter worth $28,000. Dagco Inc. bought a new stake in shares of Dominion Energy in the 1st quarter worth $31,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Dominion Energy in the first quarter valued at about $34,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

D has been the topic of several analyst reports. BMO Capital Markets cut 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 report on Monday, November 3rd. Royal Bank Of Canada restated a “sector perform” rating and issued a $70.00 target price on shares of Dominion Energy in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. Evercore ISI assumed coverage on Dominion Energy in a report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $64.22.

Dominion Energy Stock Up 1.8%

Dominion Energy stock opened at $61.59 on Monday. The firm has a 50 day moving average price of $60.21 and a 200-day moving average price of $58.27. 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 Inc. has a twelve month low of $48.07 and a twelve month high of $62.52. The company has a market capitalization of $52.60 billion, a P/E ratio of 21.24, a P/E/G ratio of 2.13 and a beta of 0.63.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. Dominion Energy’s revenue for the quarter was up 14.9% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, equities analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

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 is Friday, December 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.3%. Dominion Energy’s dividend payout ratio is presently 90.82%.

Insiders Place Their Bets

In other news, CEO Robert M. Blue acquired 4,152 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were acquired at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the purchase, the chief executive officer owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. The trade was a 2.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.