Dominion Energy Inc. $D Shares Purchased by Huntington National Bank

by · The Markets Daily

Huntington National Bank boosted its position in Dominion Energy Inc. (NYSE:D – Free Report) by 6.2% in the second quarter, HoldingsChannel.com reports. The firm owned 95,364 shares of the utilities provider’s stock after purchasing an additional 5,607 shares during the quarter. Huntington National Bank’s holdings in Dominion Energy were worth $5,390,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. SPC Financial Inc. lifted its position in 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 purchasing an additional 172 shares during the period. Maridea Wealth Management LLC lifted its position in 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 purchasing an additional 183 shares during the period. Quotient Wealth Partners LLC lifted its position in Dominion Energy by 2.4% in the second quarter. Quotient Wealth Partners LLC now owns 7,795 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 184 shares during the period. Private Client Services LLC lifted its position in Dominion Energy by 3.1% in the second quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider’s stock worth $352,000 after purchasing an additional 188 shares during the period. Finally, Crewe Advisors LLC lifted its position in Dominion Energy by 11.8% in the second quarter. Crewe Advisors LLC now owns 1,797 shares of the utilities provider’s stock worth $102,000 after purchasing an additional 189 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wells Fargo & Company assumed coverage on Dominion Energy in a report on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 price target on the stock. BMO Capital Markets dropped their price target on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a report on Monday. Morgan Stanley upped their price target on Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. Finally, Evercore ISI started coverage on Dominion Energy in a report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price target on the stock. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $63.90.

Check Out Our Latest Stock Analysis on D

Dominion Energy Trading Up 1.5%

NYSE D opened at $59.39 on Wednesday. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.52. 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 company has a market capitalization of $50.69 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 2.13 and a beta of 0.62. The firm’s fifty day simple moving average is $60.18 and its 200-day simple moving average is $58.11.

Dominion Energy (NYSE:D – Get Free Report) last posted its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. The business 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 16.45% and a return on equity of 9.68%. Dominion Energy’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, sell-side analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 20th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, December 5th. Dominion Energy’s payout ratio is currently 90.82%.

Insider Activity

In other news, CEO Robert M. Blue purchased 4,152 shares of Dominion Energy stock in a transaction dated Wednesday, August 27th. The stock was acquired at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the acquisition, the chief executive officer directly owned 161,237 shares in the company, valued at $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Dominion Energy Profile

(Free Report)

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.

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