Evermay Wealth Management LLC raised its stake in shares of Dominion Energy (NYSE:D) by 28.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,164 shares of the utilities provider’s stock after buying an additional 1,820 shares during the period. Evermay Wealth Management LLC’s holdings in Dominion Energy were worth $550,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Daiwa Securities Group Inc. increased its stake in shares of Dominion Energy by 3.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 19,211 shares of the utilities provider’s stock worth $1,557,000 after purchasing an additional 682 shares in the last quarter. Van Hulzen Asset Management LLC increased its stake in shares of Dominion Energy by 1.9% in the 4th quarter. Van Hulzen Asset Management LLC now owns 38,011 shares of the utilities provider’s stock worth $3,081,000 after purchasing an additional 700 shares in the last quarter. First Bank & Trust increased its stake in shares of Dominion Energy by 2.7% in the 4th quarter. First Bank & Trust now owns 27,415 shares of the utilities provider’s stock worth $2,223,000 after purchasing an additional 733 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Dominion Energy by 4.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 18,851 shares of the utilities provider’s stock worth $1,528,000 after purchasing an additional 746 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Dominion Energy by 1.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 71,910 shares of the utilities provider’s stock worth $5,829,000 after purchasing an additional 749 shares in the last quarter. Institutional investors and hedge funds own 65.12% of the company’s stock.
Dominion Energy opened at $63.68 on Friday, according to Marketbeat Ratings. Dominion Energy has a 52 week low of $63.39 and a 52 week high of $64.56. The stock has a market cap of $41.61 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 2.57 and a beta of 0.27. The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 1.55.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, April 27th. The utilities provider reported $1.14 EPS for the quarter, beating the consensus estimate of $1.03 by $0.11. Dominion Energy had a net margin of 23.74% and a return on equity of 12.88%. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The business’s revenue was up 2.4% on a year-over-year basis. sell-side analysts forecast that Dominion Energy will post 4.09 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 20th. Shareholders of record on Friday, June 1st will be issued a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a dividend yield of 5.24%. The ex-dividend date of this dividend is Thursday, May 31st. Dominion Energy’s dividend payout ratio (DPR) is presently 92.78%.
In other Dominion Energy news, insider Thomas F. Farrell II purchased 4,000 shares of the stock in a transaction that occurred on Thursday, May 10th. The stock was purchased at an average price of $63.44 per share, with a total value of $253,760.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph M. Rigby purchased 2,679 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average cost of $74.65 per share, with a total value of $199,987.35. The disclosure for this purchase can be found here. 0.37% of the stock is owned by corporate insiders.
A number of brokerages have issued reports on D. ValuEngine lowered Dominion Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Wells Fargo cut their price target on Dominion Energy to $68.00 and set a “market perform” rating for the company in a research note on Friday, April 13th. Zacks Investment Research lowered Dominion Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. JPMorgan Chase cut their price target on Dominion Energy from $68.00 to $67.00 and set a “hold” rating for the company in a research note on Tuesday, April 10th. Finally, Bank of America cut their price target on Dominion Energy from $70.00 to $67.33 and set a “neutral” rating for the company in a research note on Wednesday, April 4th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $75.67.
About Dominion Energy
Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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