Capital Investment Counsel Inc Sells 1,295 Shares of Dominion Energy Inc. $D

Capital Investment Counsel Inc lessened its position in Dominion Energy Inc. (NYSE:D) by 4.9% in the second quarter, HoldingsChannel.com reports. The fund owned 25,219 shares of the utilities provider’s stock after selling 1,295 shares during the period. Capital Investment Counsel Inc’s holdings in Dominion Energy were worth $1,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Patton Fund Management Inc. acquired a new position in shares of Dominion Energy during the 2nd quarter worth approximately $235,000. Bryn Mawr Trust Advisors LLC boosted its position in Dominion Energy by 19.0% during the second quarter. Bryn Mawr Trust Advisors LLC now owns 104,710 shares of the utilities provider’s stock worth $5,918,000 after purchasing an additional 16,731 shares during the period. Central Pacific Bank Trust Division increased its holdings in shares of Dominion Energy by 28.3% in the second quarter. Central Pacific Bank Trust Division now owns 56,491 shares of the utilities provider’s stock valued at $3,193,000 after purchasing an additional 12,453 shares during the last quarter. Assetmark Inc. raised its position in shares of Dominion Energy by 97.5% in the second quarter. Assetmark Inc. now owns 41,025 shares of the utilities provider’s stock valued at $2,319,000 after purchasing an additional 20,248 shares during the period. Finally, Nordea Investment Management AB raised its position in shares of Dominion Energy by 4.5% in the second quarter. Nordea Investment Management AB now owns 74,673 shares of the utilities provider’s stock valued at $4,185,000 after purchasing an additional 3,244 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.3%

Shares of NYSE:D opened at $61.39 on Thursday. The business’s 50 day simple moving average is $60.33 and its 200 day simple moving average is $58.40. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.52. 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 company has a market capitalization of $52.43 billion, a P/E ratio of 21.17, a P/E/G ratio of 2.13 and a beta of 0.63.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.71 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. On average, research analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, December 5th. Dominion Energy’s payout ratio is currently 90.82%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of brokerages recently commented on D. Morgan Stanley upped their price target 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. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $70.00 target price on shares of Dominion Energy in a research report on Tuesday, October 28th. JPMorgan Chase & Co. increased their target price on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research note on Thursday, August 21st. Wells Fargo & Company began coverage on Dominion Energy in a research note on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 price target for the company. Finally, Barclays upped their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $64.22.

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.