Garner Asset Management Corp Buys 5,279 Shares of Dominion Energy Inc. $D

Garner Asset Management Corp lifted its stake in shares of Dominion Energy Inc. (NYSE:D) by 20.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,601 shares of the utilities provider’s stock after purchasing an additional 5,279 shares during the period. Garner Asset Management Corp’s holdings in Dominion Energy were worth $1,786,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. SPC Financial Inc. increased its position in Dominion Energy by 1.4% in the second quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock worth $688,000 after buying an additional 172 shares during the last quarter. Maridea Wealth Management LLC grew its stake in shares of Dominion Energy by 2.1% during the 2nd quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock worth $505,000 after acquiring an additional 183 shares during the period. Quotient Wealth Partners LLC grew its stake in shares of Dominion Energy by 2.4% during the 2nd quarter. Quotient Wealth Partners LLC now owns 7,795 shares of the utilities provider’s stock worth $441,000 after acquiring an additional 184 shares during the period. Empirical Finance LLC raised its stake in 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 acquiring an additional 186 shares during the period. Finally, Private Client Services LLC raised its stake in 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 during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 1.7%

D opened at $62.59 on Thursday. The company has a fifty day moving average price of $60.72 and a 200-day moving average price of $58.87. The firm has a market capitalization of $53.45 billion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 2.13 and a beta of 0.63. 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 Inc. has a one year low of $48.07 and a one year high of $62.63.

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

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 20th. Stockholders of record on Friday, December 5th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, December 5th. Dominion Energy’s dividend payout ratio (DPR) is 90.82%.

Wall Street Analysts Forecast Growth

D has been the subject of several recent research reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $70.00 target price on shares of Dominion Energy in a research note on Tuesday, October 28th. Wells Fargo & Company started coverage on shares of Dominion Energy in a report on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 price objective for the company. BMO Capital Markets lowered their target price on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. BTIG Research started coverage on Dominion Energy in a report on Wednesday, October 22nd. They issued a “neutral” rating for the company. Finally, Barclays lifted their price target on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $64.22.

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.