Resources Investment Advisors LLC. Has $324,000 Stock Position in Dominion Energy, Inc. (NYSE:D)

Posted by on Aug 25th, 2023

Resources Investment Advisors LLC. raised its position in Dominion Energy, Inc. (NYSE:D – Free Report) by 4.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,788 shares of the utilities provider’s stock after purchasing an additional 225 shares during the quarter. Resources Investment Advisors LLC.’s holdings in Dominion Energy were worth $324,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of D. AXS Investments LLC acquired a new position in shares of Dominion Energy in the 4th quarter worth approximately $30,000. Core Alternative Capital boosted its position in shares of Dominion Energy by 63.0% in the 1st quarter. Core Alternative Capital now owns 533 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 206 shares during the last quarter. Carderock Capital Management Inc. bought a new position in shares of Dominion Energy in the 1st quarter worth $34,000. Covestor Ltd raised its stake in Dominion Energy by 49.8% during the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after buying an additional 131 shares during the period. Finally, Live Oak Investment Partners acquired a new stake in Dominion Energy during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, COO Diane Leopold sold 6,250 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $49.16, for a total transaction of $307,250.00. Following the completion of the transaction, the chief operating officer now directly owns 100,115 shares of the company’s stock, valued at approximately $4,921,653.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on D. Guggenheim dropped their price target on Dominion Energy from $63.00 to $60.00 in a research note on Friday, July 7th. JPMorgan Chase & Co. boosted their price objective on Dominion Energy from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, August 17th. Morgan Stanley dropped their price target on shares of Dominion Energy from $55.00 to $50.00 and set an “equal weight” rating for the company in a research report on Wednesday. Wells Fargo & Company lowered their price objective on shares of Dominion Energy from $61.00 to $55.00 in a research report on Monday, July 3rd. Finally, BMO Capital Markets lowered their price target on shares of Dominion Energy from $61.00 to $54.00 and set an “outperform” rating for the company in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $56.55.

Read Our Latest Analysis on Dominion Energy

Dominion Energy Stock Performance

Shares of NYSE D opened at $48.06 on Friday. The firm has a 50 day moving average of $51.46 and a 200 day moving average of $54.02. The company has a current ratio of 0.57, a quick ratio of 0.44 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $40.22 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 0.68 and a beta of 0.45. Dominion Energy, Inc. has a 12-month low of $47.41 and a 12-month high of $84.55.

Dominion Energy (NYSE:D – Get Free Report) last released its earnings results on Friday, August 4th. The utilities provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.48 by $0.05. The firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.72 billion. Dominion Energy had a net margin of 12.71% and a return on equity of 11.94%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 earnings per share. On average, research analysts anticipate that Dominion Energy, Inc. will post 3.51 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend is Thursday, August 31st. Dominion Energy’s payout ratio is 98.89%.

About Dominion Energy

(Free Report)

Dominion Energy, Inc produces and distributes energy in the United States. It operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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