Bill Few Associates Inc. Raises Holdings in Dominion Energy Inc. $D

Bill Few Associates Inc. lifted its stake in shares of Dominion Energy Inc. (NYSE:D) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 63,069 shares of the utilities provider’s stock after purchasing an additional 2,256 shares during the quarter. Dominion Energy accounts for about 1.0% of Bill Few Associates Inc.’s holdings, making the stock its 29th largest position. Bill Few Associates Inc.’s holdings in Dominion Energy were worth $3,565,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. SPC Financial Inc. raised its stake in shares of Dominion Energy by 1.4% during the 2nd quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock valued at $688,000 after purchasing an additional 172 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of Dominion Energy by 14.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 134,034 shares of the utilities provider’s stock valued at $7,576,000 after purchasing an additional 17,204 shares during the period. Apollon Wealth Management LLC raised its stake in shares of Dominion Energy by 4.6% during the 2nd quarter. Apollon Wealth Management LLC now owns 30,939 shares of the utilities provider’s stock valued at $1,749,000 after purchasing an additional 1,347 shares during the period. Aberdeen Group plc raised its stake in shares of Dominion Energy by 9.0% during the 2nd quarter. Aberdeen Group plc now owns 446,520 shares of the utilities provider’s stock valued at $25,237,000 after purchasing an additional 37,037 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Dominion Energy by 14.8% during the 2nd quarter. Blue Trust Inc. now owns 22,057 shares of the utilities provider’s stock valued at $1,247,000 after purchasing an additional 2,838 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $60.92 on Monday. 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 capitalization of $51.99 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.32 and a beta of 0.62. The business’s 50-day moving average price is $60.46 and its 200-day moving average price is $57.23. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.46.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. Dominion Energy’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Sell-side analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Stockholders 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 annualized dividend and a dividend yield of 4.4%. Dominion Energy’s dividend payout ratio is 92.07%.

Wall Street Analysts Forecast Growth

D has been the topic of a number of analyst reports. Barclays boosted their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. JPMorgan Chase & Co. upped their target price on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research note on Thursday, August 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. Evercore ISI started coverage on Dominion Energy in a research note on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 target price on the stock. Finally, Morgan Stanley decreased 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. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $62.00.

Insider Activity at Dominion Energy

In other news, CEO Robert M. Blue acquired 4,152 shares of Dominion Energy stock in a transaction dated Wednesday, August 27th. The shares were purchased at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the transaction, the chief executive officer owned 161,237 shares of the company’s stock, valued at $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 available through the SEC website. Company insiders own 0.11% of the company’s stock.

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.