Choreo LLC lowered its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 19.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 32,258 shares of the utilities provider's stock after selling 7,568 shares during the period. Choreo LLC's holdings in Dominion Energy were worth $1,809,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in D. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Dominion Energy by 450.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 378 shares in the last quarter. Orion Capital Management LLC bought a new position in shares of Dominion Energy during the fourth quarter valued at $27,000. Park Square Financial Group LLC bought a new position in Dominion Energy in the 4th quarter worth about $27,000. Navigoe LLC purchased a new position in Dominion Energy in the fourth quarter worth about $29,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Dominion Energy in the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 73.04% of the company's stock.
Dominion Energy Stock Performance
NYSE:D traded up $0.05 during midday trading on Friday, hitting $58.80. The company's stock had a trading volume of 2,908,618 shares, compared to its average volume of 4,306,502. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $61.97. The firm's 50 day moving average is $56.47 and its 200-day moving average is $55.21. The firm has a market cap of $50.14 billion, a P/E ratio of 22.02, a P/E/G ratio of 1.27 and a beta of 0.56.
Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly 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. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. Dominion Energy's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 EPS. Equities analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.
Dominion Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were given a dividend of $0.6675 per share. The ex-dividend date was Thursday, May 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.54%. Dominion Energy's payout ratio is 100.00%.
Analysts Set New Price Targets
Several research analysts have weighed in on D shares. 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 research report on Wednesday, June 18th. JPMorgan Chase & Co. boosted their price objective on Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $58.88.
Check Out Our Latest Research Report on Dominion Energy
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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