Chevy Chase Trust Holdings LLC Buys 9,674 Shares of Dominion Energy Inc. $D

Chevy Chase Trust Holdings LLC grew its stake in Dominion Energy Inc. (NYSE:D) by 2.2% in the 2nd quarter, Holdings Channel reports. The firm owned 453,700 shares of the utilities provider’s stock after purchasing an additional 9,674 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Dominion Energy were worth $25,643,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. AlphaQuest LLC bought a new position in Dominion Energy in the 1st quarter worth $27,000. VSM Wealth Advisory LLC bought a new position in shares of Dominion Energy in the 1st quarter worth about $28,000. Dagco Inc. bought a new position in shares of Dominion Energy in the 1st quarter worth about $31,000. N.E.W. Advisory Services LLC bought a new position in shares of Dominion Energy in the 1st quarter worth about $34,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in shares of Dominion Energy in the 1st quarter worth about $34,000. 73.04% of the stock is currently owned by institutional investors.

Insider Activity at Dominion Energy

In related news, CEO Robert M. Blue purchased 4,152 shares of Dominion Energy stock in a transaction dated Wednesday, August 27th. The stock was purchased at an average cost 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. The trade was a 2.64% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

D has been the subject of several research reports. Barclays increased their price target 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. Evercore ISI initiated 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. Morgan Stanley decreased their price target 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. Finally, JPMorgan Chase & Co. increased their price target 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. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.00.

Dominion Energy Stock Performance

Shares of D opened at $60.58 on Friday. The company has a market cap of $51.70 billion, a price-to-earnings ratio of 20.89, a P/E/G ratio of 1.31 and a beta of 0.62. The business’s fifty day simple moving average is $60.44 and its two-hundred day simple moving average is $57.41. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.52. 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 (NYSE:D) last announced its quarterly earnings results 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 company earned $0.65 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Research analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

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