Kanawha Capital Management LLC Acquires 5,814 Shares of Dominion Energy Inc. $D

Kanawha Capital Management LLC boosted its stake in Dominion Energy Inc. (NYSE:D) by 2.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 206,244 shares of the utilities provider’s stock after purchasing an additional 5,814 shares during the quarter. Kanawha Capital Management LLC’s holdings in Dominion Energy were worth $11,657,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in D. Chevy Chase Trust Holdings LLC lifted its position in shares of Dominion Energy by 2.2% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 453,700 shares of the utilities provider’s stock worth $25,643,000 after purchasing an additional 9,674 shares during the period. Nordea Investment Management AB lifted its holdings in Dominion Energy by 4.5% in the second quarter. Nordea Investment Management AB now owns 74,673 shares of the utilities provider’s stock worth $4,185,000 after buying an additional 3,244 shares during the period. Patten & Patten Inc. TN boosted its position in Dominion Energy by 16.0% during the 2nd quarter. Patten & Patten Inc. TN now owns 30,681 shares of the utilities provider’s stock valued at $1,734,000 after acquiring an additional 4,221 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of Dominion Energy by 0.7% during the 2nd quarter. New York State Teachers Retirement System now owns 647,467 shares of the utilities provider’s stock worth $36,595,000 after acquiring an additional 4,698 shares during the period. Finally, Rosenberg Matthew Hamilton raised its position in shares of Dominion Energy by 15.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 3,160 shares of the utilities provider’s stock worth $179,000 after acquiring an additional 411 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $60.58 on Friday. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.52. The firm’s 50-day moving average is $60.44 and its 200 day moving average is $57.40. The stock has a market cap of $51.70 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 1.31 and a beta of 0.62. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49.

Dominion Energy (NYSE:D) last released its quarterly earnings data 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). 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%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Sell-side analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.4%. The ex-dividend date was Friday, September 5th. Dominion Energy’s dividend payout ratio (DPR) is currently 92.07%.

Insider Activity at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue purchased 4,152 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was purchased at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the purchase, the chief executive officer directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

D has been the topic of several research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a report on Thursday, August 21st. Evercore ISI started coverage on shares of Dominion Energy in a research note on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price target for the company. Barclays boosted their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Finally, Morgan Stanley decreased their target price on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $62.00.

About Dominion Energy

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.