Whittier Trust Co. of Nevada Inc. sell 2,006 shares of Dominion Energy, Inc. (NYSE:D)

VaselineAugust 30, 2024

0 3 minutes read

Whittier Trust Co. of Nevada Inc. reduced its stake in Dominion Energy, Inc. (NYSE:D – Free Report) by 17.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,340 shares of the utilities provider’s stock after selling 2,006 shares during the quarter. Holdings held by Whittier Trust Co. of Nevada Inc. holdings in Dominion Energy were worth $458,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Dominion Energy by 16.0% in the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock worth $4,346,193,000 after acquiring an additional 12,178,713 shares during the period. Capital Research Global Investors grew its position in Dominion Energy by 136.5% during the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock worth $844,630,000 after acquiring an additional 10,370,768 shares during the period. Norges Bank bought a new position in Dominion Energy in the fourth quarter valued at approximately $329,792,000. ClearBridge Investments Ltd bought a new position in Dominion Energy in the fourth quarter valued at about $214,220,000. Finally, Price T Rowe Associates Inc. MD raised its position in Dominion Energy by 12.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock worth $1,204,904,000 after acquiring an additional 2,801,687 shares during the period. 73.04% of shares are held by institutional investors.

Dominion Energy trades down 0.1%

D opened at $56.12 on Friday. The company’s 50-day moving average is $52.59 and its 200-day moving average is $50.67. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $57.60. The company has a current ratio of 0.93, a quick ratio of 0.78, and a debt-to-equity ratio of 1.42. The company has a market cap of $47.01 billion, a P/E ratio of 28.93, a PEG ratio of 1.51 and a beta of 0.58.

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Dominion Energy (NYSE:D – Get Your Free Report ) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period last year, the company posted EPS of $0.53. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities research analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, August 30. This represents an annualized dividend of $2.67 and a yield of 4.76%. Dominion Energy’s dividend payout ratio is currently 137.63%.

The Wall Street analyst weighs in

A number of equities analysts have recently commented on D shares. Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $43.00 to $54. $.00 in a research report on Friday, May 10th. Evercore ISI boosted their price objective on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research note on Friday, May 3rd. Scotiabank boosted their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Mizuho increased their price objective on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Finally, StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Dominion Energy has an average rating of “Hold” and a consensus price target of $54.00, according to MarketBeat.

See the latest stock analysis on D

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. Dominion Energy’s Virginia segment generates, transmits and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial and government customers in Virginia and North Carolina.