Hennessy Advisors Inc. Trims Stock Position in Dominion Energy Inc. $D

Hennessy Advisors Inc. decreased its stake in Dominion Energy Inc. (NYSE:D) by 13.0% during the third quarter, Holdings Channel reports. The institutional investor owned 73,477 shares of the utilities provider’s stock after selling 11,000 shares during the quarter. Hennessy Advisors Inc.’s holdings in Dominion Energy were worth $4,495,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. CoreFirst Bank & Trust purchased a new stake in Dominion Energy in the 2nd quarter worth approximately $25,000. Westside Investment Management Inc. lifted its stake in shares of Dominion Energy by 123.3% in the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 259 shares during the period. AlphaQuest LLC purchased a new stake in Dominion Energy during the first quarter worth $27,000. Hanson & Doremus Investment Management acquired a new stake in Dominion Energy during the third quarter valued at $31,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Dominion Energy in the second quarter valued at $32,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on D. Wells Fargo & Company began coverage on Dominion Energy in a research report on Tuesday, October 28th. They set an “overweight” rating and a $67.00 target price on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research report on Monday. Morgan Stanley boosted their price objective on Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. Barclays increased their target price on Dominion Energy from $63.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, December 17th. Finally, BTIG Research assumed coverage on shares of Dominion Energy in a report on Wednesday, October 22nd. They issued a “neutral” rating for the company. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $64.75.

Dominion Energy Price Performance

NYSE:D opened at $58.61 on Friday. The stock has a 50 day moving average of $59.95 and a two-hundred day moving average of $59.47. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.87. The firm has a market cap of $50.05 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 1.68 and a beta of 0.72. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41.

Dominion Energy (NYSE:D) last issued its quarterly earnings results 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. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same period in the previous year, the company posted $0.98 earnings per share. The business’s 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 firm also recently announced a quarterly dividend, which was paid on Saturday, December 20th. Stockholders of record on Friday, December 5th were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.6%. Dominion Energy’s dividend payout ratio is presently 90.82%.

Dominion Energy Company Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.