Signature Financial Management Inc. lifted its position in shares of Dominion Energy Inc (NYSE:D) by 121.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,301 shares of the utilities provider’s stock after buying an additional 5,103 shares during the quarter. Signature Financial Management Inc.’s holdings in Dominion Energy were worth $627,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the business. Daiwa Securities Group Inc. lifted its position in shares of Dominion Energy by 3.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 19,211 shares of the utilities provider’s stock valued at $1,557,000 after purchasing an additional 682 shares in the last quarter. Van Hulzen Asset Management LLC increased its holdings in Dominion Energy by 1.9% during the fourth quarter. Van Hulzen Asset Management LLC now owns 38,011 shares of the utilities provider’s stock worth $3,081,000 after buying an additional 700 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Dominion Energy by 4.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 18,851 shares of the utilities provider’s stock worth $1,528,000 after buying an additional 746 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in Dominion Energy by 1.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 71,910 shares of the utilities provider’s stock worth $5,829,000 after buying an additional 749 shares during the last quarter. Finally, Marco Investment Management LLC increased its holdings in Dominion Energy by 1.8% during the fourth quarter. Marco Investment Management LLC now owns 42,300 shares of the utilities provider’s stock worth $3,429,000 after buying an additional 750 shares during the last quarter. 67.39% of the stock is currently owned by hedge funds and other institutional investors.
Dominion Energy stock traded down $0.58 during mid-day trading on Wednesday, reaching $64.31. The stock had a trading volume of 5,017,048 shares, compared to its average volume of 4,734,027. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.46 and a quick ratio of 0.31. The stock has a market cap of $41.25 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 2.55 and a beta of 0.28. Dominion Energy Inc has a one year low of $61.53 and a one year high of $85.30.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, April 27th. The utilities provider reported $1.14 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. equities analysts expect that Dominion Energy Inc will post 4.08 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 20th. Investors of record on Friday, June 1st will be issued a $0.835 dividend. This represents a $3.34 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend is Thursday, May 31st. Dominion Energy’s dividend payout ratio is 92.78%.
Several equities analysts have recently weighed in on D shares. JPMorgan Chase & Co. reduced their target price on shares of Dominion Energy from $68.00 to $67.00 and set a “hold” rating for the company in a research note on Tuesday, April 10th. ValuEngine lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Bank of America cut their price objective on shares of Dominion Energy from $70.00 to $67.33 and set a “neutral” rating for the company in a research report on Wednesday, April 4th. Hilliard Lyons set a $76.00 target price on shares of Dominion Energy and gave the company a “buy” rating in a research report on Thursday, March 29th. Finally, UBS Group lowered shares of Dominion Energy from a “buy” rating to a “neutral” rating and set a $85.00 target price for the company. in a research report on Friday, March 16th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $75.21.
In related news, insider Thomas F. Farrell II acquired 4,000 shares of the business’s stock in a transaction on Thursday, May 10th. The stock was acquired at an average cost of $63.44 per share, with a total value of $253,760.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.34% of the company’s stock.
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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