49 Wealth Management LLC bought a new position in Dominion Energy Inc. (NYSE:D - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,858 shares of the utilities provider's stock, valued at approximately $328,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cadence Bank boosted its holdings in shares of Dominion Energy by 2.0% in the 4th quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock valued at $515,000 after purchasing an additional 189 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of Dominion Energy by 3.3% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider's stock valued at $338,000 after purchasing an additional 193 shares during the last quarter. Choate Investment Advisors boosted its holdings in shares of Dominion Energy by 5.4% in the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock valued at $209,000 after purchasing an additional 198 shares during the last quarter. Centre Asset Management LLC boosted its holdings in shares of Dominion Energy by 3.3% in the 1st quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider's stock valued at $350,000 after purchasing an additional 198 shares during the last quarter. Finally, Cornerstone Wealth Group LLC boosted its holdings in shares of Dominion Energy by 1.1% in the 1st quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider's stock valued at $1,022,000 after purchasing an additional 202 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.
Dominion Energy Stock Down 1.3%
Shares of NYSE:D traded down $0.78 during midday trading on Friday, hitting $57.38. 4,726,263 shares of the company's stock traded hands, compared to its average volume of 4,780,492. 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 market cap of $48.94 billion, a PE ratio of 21.49, a P/E/G ratio of 1.26 and a beta of 0.56. The firm's fifty day moving average price is $55.84 and its two-hundred day moving average price is $54.94. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month 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, beating the consensus estimate of $0.82 by $0.11. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the previous year, the business posted $0.55 EPS. The business's quarterly revenue was up 12.2% on a year-over-year basis. On average, equities research analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.
Dominion Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were issued 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 yield of 4.65%. Dominion Energy's dividend payout ratio is currently 100.00%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on D. Morgan Stanley decreased their price target on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Argus upgraded shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. Finally, UBS Group lifted their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $58.38.
Check Out Our Latest Research Report on D
Dominion Energy 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.
See Also
Before you consider Dominion Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dominion Energy wasn't on the list.
While Dominion Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
