Dominion Energy Inc. $D Shares Bought by HB Wealth Management LLC

HB Wealth Management LLC boosted its stake in shares of Dominion Energy Inc. (NYSE:D) by 30.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,580 shares of the utilities provider’s stock after buying an additional 10,190 shares during the quarter. HB Wealth Management LLC’s holdings in Dominion Energy were worth $2,666,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Barnes Wealth Management Group Inc boosted its position in shares of Dominion Energy by 4.4% during the second quarter. Barnes Wealth Management Group Inc now owns 3,970 shares of the utilities provider’s stock worth $224,000 after buying an additional 169 shares during the period. Sovereign Financial Group Inc. raised its holdings in shares of Dominion Energy by 1.2% in the 3rd quarter. Sovereign Financial Group Inc. now owns 14,138 shares of the utilities provider’s stock valued at $865,000 after purchasing an additional 169 shares in the last quarter. SPC Financial Inc. raised its stake in Dominion Energy by 1.4% in the second quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock valued at $688,000 after buying an additional 172 shares in the last quarter. Maridea Wealth Management LLC lifted its stake in Dominion Energy by 2.1% during the second quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock worth $505,000 after purchasing an additional 183 shares during the last quarter. Finally, Redwood Investment Management LLC lifted its position in shares of Dominion Energy by 0.6% during the 2nd quarter. Redwood Investment Management LLC now owns 31,778 shares of the utilities provider’s stock worth $1,796,000 after buying an additional 183 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.3%

Shares of D stock opened at $57.96 on Friday. The firm’s 50 day moving average price is $59.76 and its two-hundred day moving average price is $59.65. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.87. The stock has a market cap of $49.50 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 1.57 and a beta of 0.72.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $4.71 billion. During the same period in the prior year, the firm earned $0.98 EPS. 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. On average, analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, December 20th. Investors of record on Friday, December 5th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Friday, December 5th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.82%.

Analyst Ratings Changes

Several research analysts have commented on the company. BTIG Research started coverage on Dominion Energy in a research report on Wednesday, October 22nd. They set a “neutral” rating on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research note on Monday, December 29th. JPMorgan Chase & Co. lowered their target price on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research report on Thursday, December 11th. Barclays raised their target price on shares of Dominion Energy from $63.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, December 17th. Finally, Wells Fargo & Company started coverage on Dominion Energy in a research report on Tuesday, October 28th. They set an “overweight” rating and a $67.00 price target for the company. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $64.78.

About Dominion Energy

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.