Diversified Trust Co bought a new position in shares of Dominion Energy Inc. (NYSE:D - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,426 shares of the utilities provider's stock, valued at approximately $304,000.
A number of other large investors also recently modified their holdings of D. Brighton Jones LLC boosted its position in Dominion Energy by 64.3% during the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock worth $489,000 after purchasing an additional 3,553 shares during the period. SVB Wealth LLC bought a new stake in Dominion Energy in the 4th quarter valued at $306,000. Cape Investment Advisory Inc. increased its position in Dominion Energy by 175.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after buying an additional 300 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Dominion Energy by 24.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 6,396 shares of the utilities provider's stock worth $345,000 after buying an additional 1,241 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its holdings in shares of Dominion Energy by 606.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,002 shares of the utilities provider's stock worth $162,000 after purchasing an additional 2,577 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.
Dominion Energy Stock Performance
NYSE:D traded down $0.29 during trading on Thursday, reaching $57.13. The company's stock had a trading volume of 1,151,743 shares, compared to its average volume of 4,738,771. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $61.97. The firm has a market cap of $48.72 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The firm has a 50 day moving average of $55.42 and a 200-day moving average of $54.76. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.73.
Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data 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. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same period in the prior year, the company earned $0.55 earnings per share. Dominion Energy's revenue was up 12.2% compared to the same quarter last year. Research analysts expect 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. Investors of record on Thursday, May 29th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.67%. 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
A number of research analysts recently issued reports on D shares. Argus raised shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Morgan Stanley reduced 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 note on Wednesday, June 18th. Finally, UBS Group upped their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. One equities research 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 data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $58.38.
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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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