Atlantic Union Bankshares Corp Purchases 52,085 Shares of Dominion Energy Inc. $D

Atlantic Union Bankshares Corp boosted its holdings in Dominion Energy Inc. (NYSE:D) by 227.6% in the second quarter, Holdings Channel reports. The institutional investor owned 74,972 shares of the utilities provider’s stock after buying an additional 52,085 shares during the period. Atlantic Union Bankshares Corp’s holdings in Dominion Energy were worth $4,237,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in D. AlphaQuest LLC acquired a new position in shares of Dominion Energy during the first quarter worth $27,000. Westside Investment Management Inc. raised its position in Dominion Energy by 123.3% during the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 259 shares during the last quarter. VSM Wealth Advisory LLC acquired a new position in Dominion Energy during the 1st quarter worth about $28,000. Dagco Inc. bought a new stake in shares of Dominion Energy in the 1st quarter valued at about $31,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in shares of Dominion Energy in the 1st quarter valued at about $34,000. 73.04% of the stock is owned by institutional investors.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue bought 4,152 shares of Dominion Energy stock in a transaction dated 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 purchase, the chief executive officer directly owned 161,237 shares in the company, valued at $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 can be accessed through this hyperlink. 0.11% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on D shares. BMO Capital Markets lowered their price objective on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday. Evercore ISI started coverage on shares of Dominion Energy in a report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price target for the company. Morgan Stanley upped their price objective on shares of Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. Barclays upped their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $63.90.

Dominion Energy Trading Up 1.3%

NYSE D opened at $60.48 on Friday. The company has a market cap of $51.65 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 2.13 and a beta of 0.63. The business has a 50 day moving average price of $60.18 and a 200-day moving average price of $58.14. 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 52 week low of $48.07 and a 52 week high of $62.52.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same period last year, the firm earned $0.98 earnings per share. The business’s quarterly revenue 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. As a group, equities analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders 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 yield of 4.4%. Dominion Energy’s dividend payout ratio (DPR) is 90.82%.

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.