Fragasso Financial Advisors Inc Decreases Stock Position in Dominion Energy Inc. $D

Fragasso Financial Advisors Inc reduced its position in Dominion Energy Inc. (NYSE:D) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,649 shares of the utilities provider’s stock after selling 246 shares during the period. Fragasso Financial Advisors Inc’s holdings in Dominion Energy were worth $319,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Dominion Energy by 1.7% in the 1st 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. Dodge & Cox raised its stake in Dominion Energy by 3.0% during the 1st quarter. Dodge & Cox now owns 23,308,378 shares of the utilities provider’s stock valued at $1,306,901,000 after buying an additional 685,245 shares during the last quarter. Wellington Management Group LLP raised its stake 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 valued at $994,917,000 after buying an additional 2,882,252 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Dominion Energy by 6.3% during the 1st quarter. Bank of New York Mellon Corp now owns 15,878,683 shares of the utilities provider’s stock valued at $890,318,000 after buying an additional 939,835 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake 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 valued at $790,092,000 after buying an additional 1,552,985 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

D has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. Morgan Stanley decreased their target price on shares of Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $59.57.

Dominion Energy Trading Down 1.8%

Shares of D stock opened at $59.47 on Wednesday. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.46. The firm has a fifty day moving average price of $59.55 and a 200-day moving average price of $56.46. 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 company has a market cap of $50.75 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 1.31 and a beta of 0.60.

Dominion Energy (NYSE:D) last issued its quarterly earnings data 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 net margin of 16.45% and a return on equity of 9.68%. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the firm earned $0.65 EPS. The company’s 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. As a group, equities analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 annualized dividend and a yield of 4.5%. Dominion Energy’s dividend payout ratio is currently 92.07%.

Insiders Place Their Bets

In other news, CEO Robert M. Blue bought 4,152 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was bought at an average price 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 approximately $9,730,652.95. This represents a 2.64% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate 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.