Chapman Financial Group LLC Buys New Holdings in Dominion Energy, Inc. (NYSE:D)

Chapman Financial Group LLC purchased a new position in Dominion Energy, Inc. (NYSE:D - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,560 shares of the utilities provider's stock, valued at approximately $515,000.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Dominion Energy by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider's stock valued at $4,821,222,000 after acquiring an additional 674,859 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Dominion Energy by 4.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock valued at $1,667,540,000 after purchasing an additional 1,459,926 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Dominion Energy by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock worth $1,653,964,000 after purchasing an additional 1,222,688 shares during the last quarter. Geode Capital Management LLC increased its stake in Dominion Energy by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider's stock worth $997,034,000 after buying an additional 601,900 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Dominion Energy by 7.7% during the 4th quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider's stock valued at $804,606,000 after buying an additional 1,068,996 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Up 0.2 %

Shares of D traded up $0.10 during midday trading on Friday, hitting $55.10. 3,312,233 shares of the company's stock traded hands, compared to its average volume of 5,121,288. Dominion Energy, Inc. has a 1 year low of $47.99 and a 1 year high of $61.97. The firm's fifty day moving average is $53.93 and its 200-day moving average is $55.30. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $46.99 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.11. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter last year, the company earned $0.55 earnings per share. The company's quarterly revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy's payout ratio is 100.00%.

Wall Street Analyst Weigh In

A number of brokerages have commented on D. Argus raised shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. restated an "underweight" rating and set a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. UBS Group upped their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, Morgan Stanley raised their price target on Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Dominion Energy currently has an average rating of "Hold" and a consensus price target of $58.22.

Dominion Energy Profile

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