Sheets Smith Wealth Management Sells 708 Shares of Dominion Energy Inc. $D

Sheets Smith Wealth Management trimmed its stake in shares of Dominion Energy Inc. (NYSE:D) by 12.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,076 shares of the utilities provider’s stock after selling 708 shares during the quarter. Sheets Smith Wealth Management’s holdings in Dominion Energy were worth $287,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in D. Occidental Asset Management LLC grew its holdings in Dominion Energy by 7.8% during the 2nd quarter. Occidental Asset Management LLC now owns 84,911 shares of the utilities provider’s stock valued at $4,799,000 after buying an additional 6,172 shares in the last quarter. Salvus Wealth Management LLC lifted its holdings in shares of Dominion Energy by 32.3% in the second quarter. Salvus Wealth Management LLC now owns 16,774 shares of the utilities provider’s stock worth $948,000 after buying an additional 4,095 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Dominion Energy by 16.4% in the second quarter. GAMMA Investing LLC now owns 26,509 shares of the utilities provider’s stock valued at $1,498,000 after acquiring an additional 3,738 shares during the period. S.A. Mason LLC grew its stake in Dominion Energy by 10.1% during the second quarter. S.A. Mason LLC now owns 2,750 shares of the utilities provider’s stock valued at $155,000 after acquiring an additional 252 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its stake in Dominion Energy by 4.0% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 9,278 shares of the utilities provider’s stock valued at $524,000 after acquiring an additional 361 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Robert M. Blue purchased 4,152 shares of the stock in a transaction on Wednesday, August 27th. The shares were acquired at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the transaction, 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.11% of the stock is owned by insiders.

Dominion Energy Price Performance

NYSE:D opened at $59.65 on Friday. The firm has a market capitalization of $50.91 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 1.32 and a beta of 0.60. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.46. The stock has a fifty day moving average of $59.94 and a 200 day moving average of $56.70. 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 (NYSE:D) last released its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the previous year, the business earned $0.65 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, research analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.5%. Dominion Energy’s dividend payout ratio (DPR) is presently 92.07%.

Wall Street Analysts Forecast Growth

D has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research note on Thursday, August 21st. Morgan Stanley decreased their price target on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $60.33.

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.