Sowell Financial Services LLC acquired a new stake in Dominion Energy Inc. (NYSE:D - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 5,595 shares of the utilities provider's stock, valued at approximately $314,000.
Other hedge funds have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of 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 purchasing an additional 378 shares during the period. Cape Investment Advisory Inc. lifted 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 acquiring an additional 300 shares during the last quarter. BankPlus Trust Department purchased a new stake in Dominion Energy during the 4th quarter valued at about $26,000. Fairway Wealth LLC bought a new position in Dominion Energy during the 4th quarter worth approximately $27,000. Finally, Orion Capital Management LLC bought a new stake in Dominion Energy in the fourth quarter valued at approximately $27,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.
Dominion Energy Stock Performance
Shares of D stock traded up $1.77 on Monday, reaching $55.99. The stock had a trading volume of 9,467,024 shares, compared to its average volume of 4,682,603. The stock has a market cap of $47.75 billion, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 1.18 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. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.73. The company has a 50 day simple moving average of $54.94 and a 200 day simple moving average of $54.68.
Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same period last year, the business posted $0.55 EPS. The company's revenue for the quarter was up 12.2% on a year-over-year basis. Equities research analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.
Dominion Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were given a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.77%. Dominion Energy's payout ratio is currently 100.00%.
Analyst Ratings Changes
Several equities research analysts have weighed in on D shares. UBS Group increased their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Morgan Stanley dropped their price objective on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. Finally, Argus raised shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $58.38.
Check Out Our Latest Report on D
Dominion Energy Company Profile
(
Free Report)
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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