5,367 Shares in Dominion Energy, Inc. (NYSE:D) Purchased by Sivia Capital Partners LLC

Sivia Capital Partners LLC purchased a new position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,367 shares of the utilities provider's stock, valued at approximately $301,000.

Other hedge funds have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC raised its position in Dominion Energy by 450.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after acquiring an additional 378 shares during the period. Cape Investment Advisory Inc. raised its position in Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after acquiring an additional 300 shares during the period. BankPlus Trust Department bought a new stake in Dominion Energy in the fourth quarter worth about $26,000. Fairway Wealth LLC bought a new stake in Dominion Energy in the fourth quarter worth about $27,000. Finally, Orion Capital Management LLC bought a new stake in Dominion Energy in the fourth quarter worth about $27,000. Institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Performance

Dominion Energy stock opened at $55.81 on Monday. The firm's 50 day simple moving average is $54.45 and its 200 day simple moving average is $54.90. 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 firm has a market capitalization of $47.59 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 1.22 and a beta of 0.56. Dominion Energy, Inc. has a 1-year low of $47.99 and a 1-year high of $61.97.

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 for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Dominion Energy's revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 EPS. As a group, analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared 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 is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.78%. Dominion Energy's dividend payout ratio is presently 100.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on D. Morgan Stanley lowered their price target on shares of Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 22nd. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. UBS Group boosted their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, Argus raised shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. One 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. According to data from MarketBeat.com, Dominion Energy currently has an average rating of "Hold" and a consensus price target of $58.63.

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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