Wedbush Securities Inc. Lowers Position in Dominion Energy Inc. $D

Wedbush Securities Inc. trimmed its position in shares of Dominion Energy Inc. (NYSE:D) by 27.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,229 shares of the utilities provider’s stock after selling 3,550 shares during the quarter. Wedbush Securities Inc.’s holdings in Dominion Energy were worth $522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in D. AlphaQuest LLC purchased a new position in Dominion Energy during the first quarter worth about $27,000. Westside Investment Management Inc. lifted its position in shares of Dominion Energy by 123.3% during the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock worth $27,000 after buying an additional 259 shares in the last quarter. VSM Wealth Advisory LLC purchased a new position in shares of Dominion Energy in the 1st quarter worth approximately $28,000. Dagco Inc. bought a new position in shares of Dominion Energy in the first quarter valued at approximately $31,000. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in shares of Dominion Energy during the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of D opened at $61.22 on Wednesday. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.52. The stock’s 50-day simple moving average is $60.28 and its 200 day simple moving average is $58.38. 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 stock has a market capitalization of $52.28 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 2.13 and a beta of 0.63.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.04. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the prior year, the business posted $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. Research analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders 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 annualized dividend and a yield of 4.4%. Dominion Energy’s dividend payout ratio is currently 90.82%.

Insider Buying and Selling

In other news, CEO Robert M. Blue purchased 4,152 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was purchased at an average cost of $60.35 per share, with a total value of $250,573.20. Following the acquisition, the chief executive officer directly owned 161,237 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is currently owned by insiders.

Analyst Ratings Changes

D has been the topic of several research analyst reports. BMO Capital Markets cut their price objective on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. Barclays raised their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. BTIG Research assumed coverage on shares of Dominion Energy in a research report on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Finally, Wells Fargo & Company initiated coverage on shares of Dominion Energy in a research report on Tuesday, October 28th. They set an “overweight” rating and a $67.00 target price for the company. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Dominion Energy presently has an average rating of “Hold” and a consensus price target of $64.22.

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.