GHP Investment Advisors Inc. Raises Stock Position in Dominion Energy Inc. $D

GHP Investment Advisors Inc. lifted its stake in shares of Dominion Energy Inc. (NYSE:D) by 435.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,232 shares of the utilities provider’s stock after acquiring an additional 1,002 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Dominion Energy were worth $70,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Dominion Energy by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock valued at $5,106,823,000 after acquiring an additional 1,565,459 shares during the period. Dodge & Cox increased its holdings in shares of Dominion Energy by 3.0% in the 1st quarter. Dodge & Cox now owns 23,308,378 shares of the utilities provider’s stock valued at $1,306,901,000 after acquiring an additional 685,245 shares during the period. Wellington Management Group LLP increased its holdings in shares of 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 valued at $994,917,000 after acquiring an additional 2,882,252 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Dominion Energy by 12.4% in 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 acquiring an additional 1,552,985 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Dominion Energy by 7.0% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 10,647,700 shares of the utilities provider’s stock valued at $597,017,000 after acquiring an additional 695,627 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue acquired 4,152 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were acquired at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the transaction, the chief executive officer directly owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is owned by corporate insiders.

Dominion Energy Price Performance

D stock opened at $58.54 on Tuesday. The firm has a 50 day moving average of $60.19 and a 200-day moving average of $58.07. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.52. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The company has a market cap of $49.96 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 2.13 and a beta of 0.62.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same period last year, the firm earned $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. As a group, equities analysts expect 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. Investors of record on Friday, December 5th will be given a $0.6675 dividend. The ex-dividend date is Friday, December 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.6%. Dominion Energy’s payout ratio is currently 90.82%.

Analyst Ratings Changes

D has been the topic of a number of analyst reports. Evercore ISI initiated coverage on shares of Dominion Energy in a research report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price objective on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $70.00 price objective on shares of Dominion Energy in a research report on Tuesday, October 28th. Morgan Stanley lifted their price objective on shares of Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Finally, Barclays lifted their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus price target of $63.90.

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.