Cwm LLC Boosts Stake in Dominion Energy Inc. $D

Cwm LLC increased its position in Dominion Energy Inc. (NYSE:D) by 0.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 440,591 shares of the utilities provider’s stock after purchasing an additional 772 shares during the period. Cwm LLC’s holdings in Dominion Energy were worth $24,902,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC increased its position in Dominion Energy by 14.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 134,034 shares of the utilities provider’s stock valued at $7,576,000 after acquiring an additional 17,204 shares during the period. Apollon Wealth Management LLC increased its position in Dominion Energy by 4.6% in the 2nd quarter. Apollon Wealth Management LLC now owns 30,939 shares of the utilities provider’s stock valued at $1,749,000 after acquiring an additional 1,347 shares during the period. Aberdeen Group plc increased its position in Dominion Energy by 9.0% in the 2nd quarter. Aberdeen Group plc now owns 446,520 shares of the utilities provider’s stock valued at $25,237,000 after acquiring an additional 37,037 shares during the period. Blue Trust Inc. increased its position in Dominion Energy by 14.8% in the 2nd quarter. Blue Trust Inc. now owns 22,057 shares of the utilities provider’s stock valued at $1,247,000 after acquiring an additional 2,838 shares during the period. Finally, Financial Security Advisor Inc. increased its position in Dominion Energy by 3.6% during the 2nd quarter. Financial Security Advisor Inc. now owns 36,610 shares of the utilities provider’s stock worth $2,069,000 after purchasing an additional 1,270 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue purchased 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, with a total value 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. This trade represents a 2.64% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on D. Evercore ISI began coverage on Dominion Energy in a research report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 target price on the stock. 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 report on Thursday, August 21st. Morgan Stanley dropped their target price on Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Finally, Barclays boosted their target price on Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $62.00.

Dominion Energy Stock Performance

Dominion Energy stock opened at $60.92 on Monday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. The stock has a fifty day moving average of $60.46 and a two-hundred day moving average of $57.23. The company has a market capitalization of $51.99 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 1.32 and a beta of 0.62. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.46.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The company had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the previous year, the business posted $0.65 EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy’s dividend payout ratio is currently 92.07%.

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.