HM Payson & Co. Buys 10,000 Shares of Dominion Energy Inc. $D

HM Payson & Co. lifted its position in Dominion Energy Inc. (NYSE:D) by 109.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,112 shares of the utilities provider’s stock after buying an additional 10,000 shares during the quarter. HM Payson & Co.’s holdings in Dominion Energy were worth $1,169,000 at the end of the most recent quarter.

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

Dominion Energy Stock Performance

NYSE:D opened at $59.15 on Tuesday. The company has a market capitalization of $50.52 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 1.70 and a beta of 0.70. The business has a 50 day moving average of $60.07 and a 200 day moving average of $59.46. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.84 and a quick ratio of 0.65. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.87.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.02 by $0.04. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.71 billion. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. On average, sell-side analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, December 20th. Shareholders of record on Friday, December 5th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.67 annualized dividend and a yield of 4.5%. Dominion Energy’s payout ratio is currently 90.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. BMO Capital Markets decreased 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. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research report on Monday, December 22nd. 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 research note on Wednesday, December 17th. Morgan Stanley boosted their price target on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. lowered their price objective 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. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $64.75.

Dominion Energy 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.