First Bank & Trust Lowers Position in Dominion Energy Inc. $D

First Bank & Trust trimmed its holdings in shares of Dominion Energy Inc. (NYSE:D) by 42.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,461 shares of the utilities provider’s stock after selling 6,211 shares during the period. First Bank & Trust’s holdings in Dominion Energy were worth $478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Woodstock Corp boosted its stake in shares of Dominion Energy by 11.7% during the second quarter. Woodstock Corp now owns 19,394 shares of the utilities provider’s stock valued at $1,096,000 after purchasing an additional 2,025 shares in the last quarter. Czech National Bank increased its holdings in shares of Dominion Energy by 8.0% in the 2nd quarter. Czech National Bank now owns 208,452 shares of the utilities provider’s stock valued at $11,782,000 after acquiring an additional 15,515 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Dominion Energy by 14.5% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,008 shares of the utilities provider’s stock valued at $170,000 after acquiring an additional 380 shares during the period. Central Pacific Bank Trust Division raised its position in shares of Dominion Energy by 28.3% in the 2nd quarter. Central Pacific Bank Trust Division now owns 56,491 shares of the utilities provider’s stock worth $3,193,000 after acquiring an additional 12,453 shares in the last quarter. Finally, Private Client Services LLC lifted its stake in shares of Dominion Energy by 3.1% during the 2nd 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 during the last quarter. Institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Morgan Stanley cut their target price on Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 18th. JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $59.57.

Dominion Energy Price Performance

NYSE:D opened at $60.63 on Tuesday. The firm’s fifty day moving average is $59.49 and its two-hundred day moving average is $56.44. The firm has a market cap of $51.74 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.30 and a beta of 0.60. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.46.

Dominion Energy (NYSE:D) last issued its quarterly earnings data 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). The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Research analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. Dominion Energy’s dividend payout ratio (DPR) is presently 92.07%.

Insider Buying and Selling at Dominion Energy

In other news, CEO Robert M. Blue bought 4,152 shares of the business’s stock in a transaction dated 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 $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by company insiders.

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.