Panagora Asset Management Inc. Has $2.28 Million Holdings in Dominion Energy Inc. $D

Panagora Asset Management Inc. decreased its holdings in Dominion Energy Inc. (NYSE:D) by 19.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,307 shares of the utilities provider’s stock after selling 9,909 shares during the period. Panagora Asset Management Inc.’s holdings in Dominion Energy were worth $2,278,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in D. Westside Investment Management Inc. grew its position in Dominion Energy by 123.3% during the second quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 259 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Dominion Energy during the 1st quarter valued at $27,000. Dagco Inc. acquired a new stake in shares of Dominion Energy during the 1st quarter valued at $31,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Dominion Energy during the 2nd quarter valued at $36,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Dominion Energy in the second quarter worth $39,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

D has been the subject of a number of research reports. Wells Fargo & Company assumed coverage on Dominion Energy in a research report on Tuesday, October 28th. They set an “overweight” rating and a $67.00 price objective for the company. BTIG Research began coverage on Dominion Energy in a report on Wednesday, October 22nd. They set a “neutral” rating for the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $70.00 price target on shares of Dominion Energy in a research note on Tuesday, October 28th. Barclays raised 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Dominion Energy in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $64.22.

Dominion Energy Stock Down 0.6%

Shares of D stock opened at $60.01 on Thursday. The stock’s 50 day simple moving average is $60.81 and its 200 day simple moving average is $59.10. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.87. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.65 and a current ratio of 0.84. The company has a market capitalization of $51.25 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.74 and a beta of 0.70.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. The company’s revenue 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, research analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Investors of record on Friday, December 5th will be paid a $0.6675 dividend. The ex-dividend date is Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy’s dividend payout ratio (DPR) is presently 90.82%.

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.