Dominion Energy Inc. $D Shares Bought by CW Advisors LLC

CW Advisors LLC grew its holdings in Dominion Energy Inc. (NYSE:D) by 15.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 231,985 shares of the utilities provider’s stock after buying an additional 30,647 shares during the quarter. CW Advisors LLC’s holdings in Dominion Energy were worth $13,112,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Patton Fund Management Inc. purchased a new stake in shares of Dominion Energy during the second quarter worth about $235,000. Rockefeller Capital Management L.P. boosted its holdings in Dominion Energy by 6.9% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 186,885 shares of the utilities provider’s stock worth $10,563,000 after buying an additional 12,041 shares during the last quarter. Bryn Mawr Trust Advisors LLC increased its stake in Dominion Energy by 19.0% during the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 104,710 shares of the utilities provider’s stock worth $5,918,000 after buying an additional 16,731 shares in the last quarter. Vanguard Group Inc. increased its stake in Dominion Energy by 16.2% during the 2nd quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock worth $5,979,551,000 after buying an additional 14,715,895 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new position in shares of Dominion Energy during the second quarter valued at approximately $240,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on D. Evercore ISI assumed coverage on Dominion Energy in a research note on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price target on the stock. Morgan Stanley raised their price objective on Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Dominion Energy in a research note on Tuesday. BTIG Research initiated coverage on shares of Dominion Energy in a report on Wednesday, October 22nd. They set a “neutral” rating for the company. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $70.00 price target on shares of Dominion Energy in a research note on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $64.22.

Dominion Energy Stock Performance

NYSE D opened at $60.01 on Thursday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.65 and a current ratio of 0.84. The stock’s fifty day moving average is $60.81 and its two-hundred day moving average is $59.10. The firm has a market capitalization of $51.25 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 1.74 and a beta of 0.70. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.87.

Dominion Energy (NYSE:D) last issued its 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. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.71 billion. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the company earned $0.98 EPS. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. On average, research analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share 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. This represents a $2.67 annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, December 5th. Dominion Energy’s payout ratio is presently 90.82%.

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.