Confluence Wealth Services Inc. Sells 1,540 Shares of Dominion Energy Inc. $D

Confluence Wealth Services Inc. decreased its position in Dominion Energy Inc. (NYSE:D) by 10.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,917 shares of the utilities provider’s stock after selling 1,540 shares during the period. Confluence Wealth Services Inc.’s holdings in Dominion Energy were worth $787,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of D. AlphaQuest LLC purchased a new stake in shares of Dominion Energy during the first quarter valued at approximately $27,000. VSM Wealth Advisory LLC bought a new position in Dominion Energy in the 1st quarter valued at $28,000. Dagco Inc. purchased a new stake in shares of Dominion Energy during the 1st quarter valued at $31,000. ANTIPODES PARTNERS Ltd bought a new stake in shares of Dominion Energy during the 1st quarter worth $34,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Dominion Energy in the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.0%

D opened at $61.50 on Tuesday. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.46. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The business’s 50-day moving average price is $60.32 and its 200-day moving average price is $57.04. The company has a market cap of $52.49 billion, a P/E ratio of 21.21, a P/E/G ratio of 1.34 and a beta of 0.62.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.02). The company had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 earnings per share. 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 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy’s payout ratio is presently 92.07%.

Wall Street Analyst Weigh In

D has been the topic of several research reports. Morgan Stanley lowered their target price on Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Dominion Energy has an average rating of “Hold” and an average price target of $60.33.

Insiders Place Their Bets

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

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.