Hennessy Advisors Inc. Lowers Stake in Dominion Energy Inc. $D

Hennessy Advisors Inc. lessened its stake in shares of Dominion Energy Inc. (NYSE:D) by 13.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Miracle Mile Advisors LLC grew its stake in Dominion Energy by 8.7% in the third quarter. Miracle Mile Advisors LLC now owns 7,002 shares of the utilities provider’s stock valued at $428,000 after purchasing an additional 560 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Dominion Energy by 0.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 169,935 shares of the utilities provider’s stock valued at $10,349,000 after buying an additional 1,487 shares in the last quarter. Merit Financial Group LLC boosted its holdings in shares of Dominion Energy by 45.3% in the 3rd quarter. Merit Financial Group LLC now owns 29,018 shares of the utilities provider’s stock valued at $1,775,000 after buying an additional 9,049 shares in the last quarter. Armstrong Fleming & Moore Inc grew its position in shares of Dominion Energy by 8.3% in the 3rd quarter. Armstrong Fleming & Moore Inc now owns 4,056 shares of the utilities provider’s stock worth $248,000 after buying an additional 312 shares during the last quarter. Finally, Sax Wealth Advisors LLC raised its stake in shares of Dominion Energy by 17.1% during the 3rd quarter. Sax Wealth Advisors LLC now owns 7,220 shares of the utilities provider’s stock worth $442,000 after acquiring an additional 1,054 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Price Performance

NYSE D opened at $58.61 on Friday. The company has a market cap of $50.05 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.68 and a beta of 0.72. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.84 and a quick ratio of 0.65. The stock’s fifty day moving average price is $59.95 and its 200 day moving average price is $59.47. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.87.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.71 billion. During the same period last year, the business posted $0.98 earnings per share. The company’s revenue for the quarter 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 forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, December 20th. Stockholders of record on Friday, December 5th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, December 5th. Dominion Energy’s dividend payout ratio is 90.82%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on D shares. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research note on Monday. Royal Bank Of Canada reissued a “sector perform” rating and issued a $70.00 price objective on shares of Dominion Energy in a research report on Tuesday, October 28th. BMO Capital Markets dropped their target price on 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. Barclays increased their price target on Dominion Energy from $63.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. Finally, JPMorgan Chase & Co. lowered their price target on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a report on Thursday, December 11th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $64.75.

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.