Cresset Asset Management LLC Has $1.04 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

Cresset Asset Management LLC reduced its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 73.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,208 shares of the utilities provider's stock after selling 52,653 shares during the period. Cresset Asset Management LLC's holdings in Dominion Energy were worth $1,035,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in D. Cape Investment Advisory Inc. increased its stake in shares of Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock valued at $25,000 after buying an additional 300 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Dominion Energy by 450.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after purchasing an additional 378 shares during the period. BankPlus Trust Department acquired a new stake in shares of Dominion Energy during the fourth quarter worth $26,000. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy during the fourth quarter worth $27,000. Finally, Fairway Wealth LLC acquired a new stake in shares of Dominion Energy during the fourth quarter worth $27,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Argus raised Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. UBS Group lifted their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Morgan Stanley lifted their price objective on Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $58.75.

Dominion Energy Stock Up 0.2%

NYSE:D opened at $55.10 on Monday. Dominion Energy, Inc. has a 1 year low of $47.99 and a 1 year high of $61.97. 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 cap of $46.99 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.22 and a beta of 0.57. The stock has a 50-day moving average price of $53.94 and a two-hundred day moving average price of $55.19.

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

Dominion Energy Announces Dividend

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

Dominion Energy Company 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.

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