Capital Management Corp VA Trims Stock Position in Dominion Energy Inc. $D

Capital Management Corp VA trimmed its holdings in shares of Dominion Energy Inc. (NYSE:D) by 7.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,789 shares of the utilities provider’s stock after selling 447 shares during the period. Capital Management Corp VA’s holdings in Dominion Energy were worth $327,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of D. Wellington Management Group LLP increased its position in Dominion Energy by 19.4% during the 1st quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock worth $994,917,000 after purchasing an additional 2,882,252 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Dominion Energy during the 1st quarter worth about $96,723,000. AQR Capital Management LLC lifted its stake in shares of Dominion Energy by 588.9% during the first quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider’s stock valued at $109,678,000 after buying an additional 1,687,819 shares during the period. Vanguard Group Inc. boosted its position in Dominion Energy by 1.7% during the first quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock worth $5,106,823,000 after acquiring an additional 1,565,459 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Dominion Energy by 12.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider’s stock worth $790,092,000 after acquiring an additional 1,552,985 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Morgan Stanley reduced their price target on Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Barclays raised their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Evercore ISI initiated coverage on shares of Dominion Energy in a research note on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price objective for the company. JPMorgan Chase & Co. increased their price objective 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. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.00.

Dominion Energy Stock Performance

Dominion Energy stock opened at $61.55 on Wednesday. The company has a market cap of $52.53 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 1.33 and a beta of 0.62. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.46. 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 stock’s 50-day moving average is $60.47 and its 200-day moving average is $57.31.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company posted $0.65 EPS. The firm’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. Equities analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were issued a dividend of $0.6675 per share. The ex-dividend date was Friday, September 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.3%. Dominion Energy’s payout ratio is presently 92.07%.

Insiders Place Their Bets

In related news, CEO Robert M. Blue acquired 4,152 shares of Dominion Energy stock in a transaction on Wednesday, August 27th. The shares were bought at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the completion of 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 purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.11% of the company’s stock.

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.