Prosperity Consulting Group LLC Sells 1,690 Shares of Dominion Energy Inc. $D

Prosperity Consulting Group LLC trimmed its stake in Dominion Energy Inc. (NYSE:D) by 11.9% during the second quarter, Holdings Channel reports. The fund owned 12,553 shares of the utilities provider’s stock after selling 1,690 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Dominion Energy were worth $710,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. SPC Financial Inc. raised its stake in shares of Dominion Energy by 1.4% in the 2nd quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock valued at $688,000 after acquiring an additional 172 shares in the last quarter. Maridea Wealth Management LLC raised its stake in shares of Dominion Energy by 2.1% in the 2nd quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock valued at $505,000 after acquiring an additional 183 shares in the last quarter. Quotient Wealth Partners LLC raised its stake in shares of Dominion Energy by 2.4% in the 2nd quarter. Quotient Wealth Partners LLC now owns 7,795 shares of the utilities provider’s stock valued at $441,000 after acquiring an additional 184 shares in the last quarter. Private Client Services LLC raised its stake in shares of Dominion Energy by 3.1% in the 2nd quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider’s stock valued at $352,000 after acquiring an additional 188 shares in the last quarter. Finally, Crewe Advisors LLC raised its stake in shares of Dominion Energy by 11.8% in the 2nd quarter. Crewe Advisors LLC now owns 1,797 shares of the utilities provider’s stock valued at $102,000 after acquiring an additional 189 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Price Performance

Shares of D stock opened at $59.70 on Thursday. The stock’s fifty day simple moving average is $60.17 and its 200 day simple moving average is $58.12. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The firm has a market cap of $50.95 billion, a price-to-earnings ratio of 20.59, a P/E/G ratio of 2.13 and a beta of 0.62. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.52.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, beating the consensus estimate of $1.02 by $0.04. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. Dominion Energy’s quarterly revenue was up 14.9% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. On average, analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 20th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, December 5th. Dominion Energy’s dividend payout ratio is 90.82%.

Insider Activity

In other news, CEO Robert M. Blue purchased 4,152 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were acquired at an average price of $60.35 per share, with a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on D. Evercore ISI began coverage on Dominion Energy in a research report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. BTIG Research began coverage on Dominion Energy in a research report on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Barclays lifted their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Finally, Morgan Stanley lifted their price objective on Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $63.90.

Dominion Energy Company 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.