Clarius Group LLC Sells 276 Shares of Dominion Energy Inc. $D

Clarius Group LLC lowered its stake in Dominion Energy Inc. (NYSE:D) by 4.3% during the second quarter, Holdings Channel reports. The firm owned 6,072 shares of the utilities provider’s stock after selling 276 shares during the period. Clarius Group LLC’s holdings in Dominion Energy were worth $343,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of D. Oak Hill Wealth Advisors LLC grew its stake in Dominion Energy by 10.0% during the second quarter. Oak Hill Wealth Advisors LLC now owns 10,012 shares of the utilities provider’s stock worth $564,000 after buying an additional 907 shares in the last quarter. Hennessy Advisors Inc. boosted its position in shares of Dominion Energy by 31.4% during the 2nd quarter. Hennessy Advisors Inc. now owns 84,477 shares of the utilities provider’s stock worth $4,775,000 after acquiring an additional 20,200 shares in the last quarter. QRG Capital Management Inc. increased its stake in Dominion Energy by 25.4% in the second quarter. QRG Capital Management Inc. now owns 11,248 shares of the utilities provider’s stock valued at $636,000 after acquiring an additional 2,277 shares during the last quarter. Ascent Group LLC raised its position in Dominion Energy by 4.0% during the second quarter. Ascent Group LLC now owns 35,284 shares of the utilities provider’s stock valued at $1,994,000 after purchasing an additional 1,364 shares in the last quarter. Finally, Greenwood Capital Associates LLC lifted its stake in Dominion Energy by 1.2% during the second quarter. Greenwood Capital Associates LLC now owns 28,489 shares of the utilities provider’s stock worth $1,610,000 after purchasing an additional 332 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

Dominion Energy stock opened at $61.50 on Tuesday. The stock has a 50-day moving average price of $60.32 and a two-hundred day moving average price of $57.04. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.46. The company has a market capitalization of $52.49 billion, a PE ratio of 21.21, a P/E/G ratio of 1.34 and a beta of 0.62. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same period in the prior year, the company earned $0.65 EPS. The business’s quarterly revenue 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. Analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on D shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research note on Saturday, September 27th. JPMorgan Chase & Co. boosted 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. Finally, Morgan Stanley dropped their target price on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average price target of $60.33.

Insider Transactions at Dominion Energy

In related news, CEO Robert M. Blue bought 4,152 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were purchased at an average cost of $60.35 per share, with a total value of $250,573.20. Following the acquisition, the chief executive officer owned 161,237 shares of the company’s stock, valued at $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

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.