Miller Financial Services LLC Sells 2,331 Shares of Dominion Energy Inc. $D

Miller Financial Services LLC lowered its holdings in shares of Dominion Energy Inc. (NYSE:D) by 18.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,394 shares of the utilities provider’s stock after selling 2,331 shares during the period. Miller Financial Services LLC’s holdings in Dominion Energy were worth $587,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Athena Investment Management acquired a new position in Dominion Energy in the second quarter worth about $225,000. Empirical Finance LLC grew its stake in shares of Dominion Energy by 0.6% in the 2nd quarter. Empirical Finance LLC now owns 29,240 shares of the utilities provider’s stock valued at $1,653,000 after purchasing an additional 186 shares during the period. FineMark National Bank & Trust raised its holdings in shares of Dominion Energy by 9.1% in the 2nd quarter. FineMark National Bank & Trust now owns 15,292 shares of the utilities provider’s stock worth $864,000 after buying an additional 1,274 shares in the last quarter. Inspire Advisors LLC lifted its position in shares of Dominion Energy by 100.1% during the 2nd quarter. Inspire Advisors LLC now owns 21,584 shares of the utilities provider’s stock worth $1,220,000 after buying an additional 10,796 shares during the period. Finally, United Advisor Group LLC boosted its stake in Dominion Energy by 6.3% in the 2nd quarter. United Advisor Group LLC now owns 6,012 shares of the utilities provider’s stock valued at $340,000 after buying an additional 355 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Insider Activity at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue acquired 4,152 shares of the company’s stock in a transaction that occurred on 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 purchase, the chief executive officer owned 161,237 shares of the company’s stock, valued at $9,730,652.95. This represents a 2.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is currently owned by corporate insiders.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $60.24 on Thursday. The firm has a fifty day moving average of $60.55 and a two-hundred day moving average of $58.63. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. The stock has a market capitalization of $51.45 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 2.13 and a beta of 0.63. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.52.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, equities research analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders of record on Friday, December 5th will be issued a $0.6675 dividend. The ex-dividend date is Friday, December 5th. This represents a $2.67 annualized dividend and a yield of 4.4%. Dominion Energy’s dividend payout ratio (DPR) is 90.82%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on D shares. Barclays lifted their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. BMO Capital Markets decreased their price objective on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Morgan Stanley boosted their target price on Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 21st. Finally, Wells Fargo & Company began coverage on Dominion Energy in a research note on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $64.22.

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.