Adalta Capital Management LLC Has $630,000 Holdings in Dominion Energy, Inc. (NYSE:D)

Adalta Capital Management LLC lifted its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 80.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,700 shares of the utilities provider's stock after buying an additional 5,200 shares during the period. Adalta Capital Management LLC's holdings in Dominion Energy were worth $630,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Castleark Management LLC purchased a new stake in Dominion Energy during the 4th quarter worth $8,486,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Dominion Energy by 21.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,706,225 shares of the utilities provider's stock worth $253,477,000 after acquiring an additional 824,814 shares in the last quarter. Waverly Advisors LLC lifted its position in Dominion Energy by 2.7% during the 4th quarter. Waverly Advisors LLC now owns 14,784 shares of the utilities provider's stock worth $796,000 after acquiring an additional 392 shares in the last quarter. Woodline Partners LP purchased a new position in Dominion Energy in the 4th quarter worth approximately $2,717,000. Finally, Zimmer Partners LP acquired a new stake in Dominion Energy in the fourth quarter valued at approximately $72,269,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $52.00 price target (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Argus raised Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. Morgan Stanley dropped their price objective on Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating on the stock in a report on Thursday. Finally, UBS Group increased their target price on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. One 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 MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $58.63.

Dominion Energy Stock Performance

Shares of Dominion Energy stock traded up $0.66 during trading on Friday, hitting $56.32. 5,958,163 shares of the stock were exchanged, compared to its average volume of 4,517,497. The stock has a market cap of $48.03 billion, a PE ratio of 20.86, a P/E/G ratio of 1.22 and a beta of 0.57. The stock's fifty day moving average is $54.13 and its 200 day moving average is $55.01. Dominion Energy, Inc. has a 12 month low of $47.99 and a 12 month high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

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 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 company had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $3.95 billion. During the same quarter in the prior year, the business posted $0.55 earnings per share. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date is Thursday, May 29th. 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.