Garner Asset Management Corp Has $1.79 Million Stock Holdings in Dominion Energy Inc. $D

Garner Asset Management Corp raised its stake in Dominion Energy Inc. (NYSE:D) by 20.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,601 shares of the utilities provider’s stock after purchasing an additional 5,279 shares during the period. Garner Asset Management Corp’s holdings in Dominion Energy were worth $1,786,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in D. SPC Financial Inc. increased its position in Dominion Energy by 1.4% in the 2nd quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock valued at $688,000 after buying an additional 172 shares in the last quarter. Maridea Wealth Management LLC boosted its holdings in Dominion Energy by 2.1% in the second quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock worth $505,000 after acquiring an additional 183 shares in the last quarter. Quotient Wealth Partners LLC grew its stake in Dominion Energy by 2.4% in the second quarter. Quotient Wealth Partners LLC now owns 7,795 shares of the utilities provider’s stock valued at $441,000 after acquiring an additional 184 shares during the period. Empirical Finance LLC increased its holdings in shares of Dominion Energy by 0.6% during the second quarter. Empirical Finance LLC now owns 29,240 shares of the utilities provider’s stock valued at $1,653,000 after acquiring an additional 186 shares in the last quarter. Finally, Private Client Services LLC raised its position in shares of Dominion Energy by 3.1% during the second quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider’s stock worth $352,000 after purchasing an additional 188 shares during the period. Institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on D shares. BMO Capital Markets reduced their price target on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. BTIG Research began coverage on shares of Dominion Energy in a report on Wednesday, October 22nd. They set a “neutral” rating for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Royal Bank Of Canada restated a “sector perform” rating and issued a $70.00 target price on shares of Dominion Energy in a report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 21st. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average target price of $64.22.

Dominion Energy Stock Up 1.7%

Dominion Energy stock opened at $62.59 on Thursday. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.63. 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’s 50-day simple moving average is $60.72 and its 200 day simple moving average is $58.87. The stock has a market cap of $53.45 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 2.13 and a beta of 0.63.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, beating the consensus estimate of $1.02 by $0.04. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same quarter last year, the business posted $0.98 EPS. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Research analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders of record on Friday, December 5th will be given a $0.6675 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.67 annualized dividend and a yield of 4.3%. Dominion Energy’s payout ratio is currently 90.82%.

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.