Prime Capital Investment Advisors LLC Reduces Position in Dominion Energy Inc. $D

Prime Capital Investment Advisors LLC reduced its holdings in shares of Dominion Energy Inc. (NYSE:D) by 25.0% in the second quarter, Holdings Channel.com reports. The fund owned 16,981 shares of the utilities provider’s stock after selling 5,657 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Dominion Energy were worth $960,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Patton Fund Management Inc. bought a new position in shares of Dominion Energy in the second quarter worth about $235,000. Sowell Financial Services LLC purchased a new stake in Dominion Energy in the 1st quarter valued at about $314,000. QRG Capital Management Inc. raised its stake in shares of Dominion Energy by 13.8% during the first quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider’s stock valued at $503,000 after acquiring an additional 1,087 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Dominion Energy by 114.8% during the first quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider’s stock valued at $680,000 after acquiring an additional 6,462 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Dominion Energy by 7.0% during the first quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider’s stock valued at $527,000 after acquiring an additional 616 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on D shares. Morgan Stanley reduced their price objective on Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Barclays upped their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday. Evercore ISI initiated coverage on shares of Dominion Energy in a report on Tuesday. They issued an “in-line” rating and a $67.00 price target for the company. JPMorgan Chase & Co. lifted 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. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and a consensus target price of $62.00.

Insider Buying and Selling

In related news, CEO Robert M. Blue bought 4,152 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was bought at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the purchase, the chief executive officer directly owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by company insiders.

Dominion Energy Stock Performance

Shares of D opened at $60.19 on Friday. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.46. The stock has a fifty day moving average price of $60.45 and a 200-day moving average price of $57.13. 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 firm has a market cap of $51.37 billion, a PE ratio of 20.76, a P/E/G ratio of 1.31 and a beta of 0.62.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (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 for the quarter, compared to analyst estimates of $3.73 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The company’s quarterly 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. Equities research analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were paid a $0.6675 dividend. The ex-dividend date was Friday, September 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 92.07%.

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.