Greenwood Capital Associates LLC Has $1.61 Million Stock Holdings in Dominion Energy Inc. $D

Greenwood Capital Associates LLC lifted its position in shares of Dominion Energy Inc. (NYSE:D) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,489 shares of the utilities provider’s stock after acquiring an additional 332 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Dominion Energy were worth $1,610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in Dominion Energy by 19.4% during the 1st quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock valued at $994,917,000 after purchasing an additional 2,882,252 shares during the period. Nuveen LLC acquired a new position in Dominion Energy during the 1st quarter worth approximately $96,723,000. AQR Capital Management LLC lifted its holdings in shares of Dominion Energy by 588.9% in the 1st quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider’s stock worth $109,678,000 after purchasing an additional 1,687,819 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Dominion Energy by 1.7% during the first quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock valued at $5,106,823,000 after buying an additional 1,565,459 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Dominion Energy by 12.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider’s stock valued at $790,092,000 after purchasing an additional 1,552,985 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.2%

Shares of Dominion Energy stock opened at $61.03 on Friday. The company’s 50-day moving average price is $60.20 and its 200-day moving average price is $56.92. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.46. The company has a market cap of $52.08 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 1.32 and a beta of 0.62.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, equities 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 was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Friday, September 5th. Dominion Energy’s dividend payout ratio (DPR) is presently 92.07%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on D. JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a report on Thursday, August 21st. Morgan Stanley lowered their price objective on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and a consensus price target of $60.33.

Insider Activity at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of Dominion Energy stock in a transaction that occurred on Wednesday, August 27th. The shares were bought at an average price of $60.35 per share, with a total value of $250,573.20. Following the acquisition, the chief executive officer owned 161,237 shares in the company, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

Dominion Energy Company 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.