D - 305K Reasons To Be Bullish On Dominion Energy Stock | Benzinga
In a recent SEC filing, it was revealed that Mark Kington, Director at Dominion Energy (NYSE:D), made a noteworthy insider purchase on May 8,.
What Happened: Kington demonstrated confidence in Dominion Energy by purchasing 5,933 shares, as reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The total value of the transaction is $305,015.
During Thursday's morning session, Dominion Energy shares up by 1.19%, currently priced at $52.77.
Delving into Dominion Energy's Background
Based in Richmond, Virginia, Dominion Energy is an integrated energy company with over 30 gigawatts of electric generation capacity and more than 90,000 miles of electric transmission and distribution lines. Dominion is constructing a rate-regulated 5.2 GW wind farm off the Virginia Beach coast.
Understanding the Numbers: Dominion Energy's Finances
Decline in Revenue: Over the 3 months period, Dominion Energy faced challenges, resulting in a decline of approximately -6.46% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers ...