Dominion Energy Inc. $D Shares Sold by Gratus Wealth Advisors LLC

Gratus Wealth Advisors LLC lowered its position in shares of Dominion Energy Inc. (NYSE:D) by 4.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 39,111 shares of the utilities provider’s stock after selling 1,939 shares during the quarter. Dominion Energy comprises about 0.3% of Gratus Wealth Advisors LLC’s portfolio, making the stock its 29th largest position. Gratus Wealth Advisors LLC’s holdings in Dominion Energy were worth $2,211,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

D has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research note on Saturday, September 27th. Morgan Stanley lowered their price objective 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. Finally, JPMorgan Chase & Co. lifted their target price 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. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $60.33.

Insider Transactions at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by company insiders.

Dominion Energy Stock Up 0.8%

D stock opened at $61.57 on Monday. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.46. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The firm has a 50-day simple moving average of $60.25 and a 200-day simple moving average of $56.99. The stock has a market capitalization of $52.55 billion, a P/E ratio of 21.23, a P/E/G ratio of 1.34 and a beta of 0.62.

Dominion Energy (NYSE:D) last issued its quarterly earnings results 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). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the prior year, the business posted $0.65 earnings per share. The company’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. Equities analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.3%. 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.