Dominion Energy Inc. $D Shares Sold by Eagle Strategies LLC

Eagle Strategies LLC decreased its position in shares of Dominion Energy Inc. (NYSE:D) by 4.8% during the second quarter, Holdings Channel.com reports. The firm owned 3,779 shares of the utilities provider’s stock after selling 190 shares during the period. Eagle Strategies LLC’s holdings in Dominion Energy were worth $214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. AlphaQuest LLC acquired a new stake in shares of Dominion Energy during the 1st quarter worth approximately $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Dominion Energy during the 1st quarter worth approximately $28,000. Dagco Inc. acquired a new stake in shares of Dominion Energy during the 1st quarter worth approximately $31,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Dominion Energy during the 1st quarter worth approximately $34,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of Dominion Energy during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Robert M. Blue acquired 4,152 shares of the firm’s 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 acquisition, the chief executive officer owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

Dominion Energy Trading Down 0.6%

Shares of D stock opened at $60.19 on Friday. The stock’s fifty day moving average is $60.45 and its two-hundred day moving average is $57.13. 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 firm has a market capitalization of $51.37 billion, a P/E ratio of 20.76, a PEG ratio of 1.31 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 announced its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The firm had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Research analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were issued a $0.6675 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy’s dividend payout ratio (DPR) is presently 92.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday. Barclays increased their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a report on Thursday, August 21st. Evercore ISI started coverage on shares of Dominion Energy in a report on Tuesday. They set an “in-line” rating and a $67.00 price objective on the stock. Finally, Morgan Stanley decreased their price objective on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $62.00.

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.