Arizona State Retirement System lifted its position in Dominion Energy Inc. (NYSE:D - Free Report) by 2.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 246,520 shares of the utilities provider's stock after purchasing an additional 6,699 shares during the period. Arizona State Retirement System's holdings in Dominion Energy were worth $13,822,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of D. Ballentine Partners LLC raised its stake in Dominion Energy by 8.5% in the first quarter. Ballentine Partners LLC now owns 14,336 shares of the utilities provider's stock valued at $804,000 after buying an additional 1,120 shares during the last quarter. Harmony Asset Management LLC raised its stake in Dominion Energy by 75.8% in the first quarter. Harmony Asset Management LLC now owns 7,700 shares of the utilities provider's stock valued at $432,000 after buying an additional 3,321 shares during the last quarter. SteelPeak Wealth LLC raised its stake in Dominion Energy by 12.6% in the first quarter. SteelPeak Wealth LLC now owns 19,183 shares of the utilities provider's stock valued at $1,076,000 after buying an additional 2,144 shares during the last quarter. Xponance Inc. raised its stake in shares of Dominion Energy by 1.9% in the first quarter. Xponance Inc. now owns 121,667 shares of the utilities provider's stock worth $6,822,000 after purchasing an additional 2,256 shares during the last quarter. Finally, Fidelis Capital Partners LLC raised its stake in shares of Dominion Energy by 5.7% in the first quarter. Fidelis Capital Partners LLC now owns 9,658 shares of the utilities provider's stock worth $511,000 after purchasing an additional 519 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.
Dominion Energy Stock Down 1.3%
Shares of D traded down $0.78 during mid-day trading on Friday, reaching $57.38. The company's stock had a trading volume of 4,726,263 shares, compared to its average volume of 4,785,941. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $61.97. The stock has a market cap of $48.94 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53. The company's 50 day moving average is $55.84 and its 200 day moving average is $54.94.
Dominion Energy (NYSE:D - Get Free Report) last announced 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. The firm had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $3.95 billion. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The business's revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. Equities analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.
Dominion Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend was Thursday, May 29th. Dominion Energy's dividend payout ratio (DPR) is presently 100.00%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Morgan Stanley reduced their price objective on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Finally, UBS Group raised 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $58.38.
Get Our Latest Stock Analysis 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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