Cary Street Partners Financial LLC decreased its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,958 shares of the utilities provider's stock after selling 5,646 shares during the quarter. Cary Street Partners Financial LLC's holdings in Dominion Energy were worth $9,473,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in D. Kayne Anderson Rudnick Investment Management LLC increased its stake in Dominion Energy by 450.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after buying an additional 378 shares during the period. Orion Capital Management LLC acquired a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. Park Square Financial Group LLC acquired a new stake in shares of Dominion Energy during the 4th quarter worth about $27,000. VSM Wealth Advisory LLC acquired a new position in shares of Dominion Energy during the 1st quarter valued at about $28,000. Finally, Navigoe LLC purchased a new position in shares of Dominion Energy in the 4th quarter worth $29,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
D has been the subject of a number of research reports. Morgan Stanley decreased their price objective on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. JPMorgan Chase & Co. increased their price objective on Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $59.14.
View Our Latest Stock Analysis on Dominion Energy
Dominion Energy Trading Up 1.2%
D stock traded up $0.71 during mid-day trading on Thursday, reaching $61.68. The company's stock had a trading volume of 5,413,687 shares, compared to its average volume of 4,886,368. The business's 50 day moving average price is $57.09 and its 200 day moving average price is $55.55. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $61.98. The company has a current ratio of 0.67, a quick ratio of 0.53 and a debt-to-equity ratio of 1.35. The company has a market cap of $52.64 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 1.32 and a beta of 0.57.
Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.02). The firm had revenue of $3.81 billion for the quarter, compared to analysts' expectations of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 earnings per share. On average, equities research analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current year.
Dominion Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders of record on Friday, September 5th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, September 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.3%. Dominion Energy's dividend payout ratio is currently 92.07%.
About Dominion Energy
(
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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