NTV Asset Management LLC Sells 219 Shares of Dominion Energy Inc. $D

NTV Asset Management LLC lessened its stake in shares of Dominion Energy Inc. (NYSE:D) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,348 shares of the utilities provider’s stock after selling 219 shares during the period. NTV Asset Management LLC’s holdings in Dominion Energy were worth $585,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in D. Patton Fund Management Inc. bought a new position in Dominion Energy in the 2nd quarter worth about $235,000. Sowell Financial Services LLC purchased a new position in Dominion Energy in the first quarter worth about $314,000. QRG Capital Management Inc. grew its holdings 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 buying an additional 1,087 shares during the last quarter. Farther Finance Advisors LLC increased its position 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 holdings in Dominion Energy by 7.0% in the 1st quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider’s stock worth $527,000 after acquiring an additional 616 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on D. Morgan Stanley cut their target price on Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a research report on Saturday, September 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $60.33.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue bought 4,152 shares of Dominion Energy stock in a transaction that occurred on Wednesday, August 27th. The stock was bought at an average cost of $60.35 per share, with a total value of $250,573.20. Following the acquisition, the chief executive officer owned 161,237 shares of the company’s stock, valued at $9,730,652.95. The trade was a 2.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.11% of the company’s stock.

Dominion Energy Stock Up 0.8%

Shares of D stock opened at $61.57 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.46. The stock has a market cap of $52.55 billion, a P/E ratio of 21.23, a P/E/G ratio of 1.34 and a beta of 0.62. The company has a 50 day simple moving average of $60.25 and a two-hundred day simple moving average of $56.98.

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 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 business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the firm earned $0.65 EPS. The company’s 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. On average, research analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were paid 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 dividend yield of 4.3%. Dominion Energy’s payout ratio 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.