Graves Light Lenhart Wealth Inc. Acquires 958 Shares of Dominion Energy Inc. $D

Graves Light Lenhart Wealth Inc. lifted its holdings in Dominion Energy Inc. (NYSE:D) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,825 shares of the utilities provider’s stock after purchasing an additional 958 shares during the quarter. Graves Light Lenhart Wealth Inc.’s holdings in Dominion Energy were worth $1,968,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Private Client Services LLC lifted its position in shares of Dominion Energy by 3.1% in 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 in the last quarter. Dynamic Advisor Solutions LLC raised its position in Dominion Energy by 3.3% during the first quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider’s stock worth $338,000 after acquiring an additional 193 shares in the last quarter. Centre Asset Management LLC raised its position in Dominion Energy by 3.3% during the first quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider’s stock worth $350,000 after acquiring an additional 198 shares in the last quarter. Cornerstone Wealth Group LLC raised its position in Dominion Energy by 1.1% during the first quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider’s stock worth $1,022,000 after acquiring an additional 202 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its position in Dominion Energy by 4.6% during the first quarter. Verdence Capital Advisors LLC now owns 4,688 shares of the utilities provider’s stock worth $263,000 after acquiring an additional 208 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on D. JPMorgan Chase & Co. upped 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. Morgan Stanley decreased their price objective on shares of Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 18th. One 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $59.57.

Dominion Energy Trading Down 1.8%

D stock opened at $59.47 on Wednesday. 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 company’s 50-day simple moving average is $59.55 and its 200 day simple moving average is $56.46. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.46. The company has a market capitalization of $50.75 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 1.31 and a beta of 0.60.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the company posted $0.65 earnings per share. 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, sell-side analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

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

Insider Activity at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue purchased 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 completion of the purchase, the chief executive officer owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. The trade was a 2.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.