Bar Harbor Wealth Management Increases Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Bar Harbor Wealth Management increased its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 238.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,571 shares of the utilities provider's stock after purchasing an additional 30,716 shares during the period. Bar Harbor Wealth Management's holdings in Dominion Energy were worth $2,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. lifted its holdings 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 buying an additional 300 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings 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 valued at $25,000 after acquiring an additional 378 shares during the period. BankPlus Trust Department purchased a new stake in Dominion Energy in the 4th quarter worth approximately $26,000. Fairway Wealth LLC acquired a new stake in shares of Dominion Energy during the 4th quarter worth approximately $27,000. Finally, Orion Capital Management LLC purchased a new position in shares of Dominion Energy during the 4th quarter valued at approximately $27,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

D has been the topic of a number of recent analyst reports. 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 report on Thursday, May 22nd. Argus upgraded Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Finally, UBS Group increased their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report 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 an average rating of "Hold" and a consensus price target of $58.63.

Dominion Energy Price Performance

Shares of D traded down $0.42 during mid-day trading on Friday, hitting $55.49. 4,288,998 shares of the company were exchanged, compared to its average volume of 4,584,395. The stock has a market cap of $47.32 billion, a price-to-earnings ratio of 20.55, 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. The company has a 50 day moving average of $54.70 and a 200-day moving average of $54.78. 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 announced its earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. The business 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 8.99% and a net margin of 16.22%. The business's revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy's dividend payout ratio is currently 100.00%.

Dominion Energy 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.