Diversified Trust Co Buys New Stake in Dominion Energy Inc. (NYSE:D)

Diversified Trust Co bought a new position in Dominion Energy Inc. (NYSE:D - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,426 shares of the utilities provider's stock, valued at approximately $304,000.

A number of other large investors have also added to or reduced their stakes in D. Kayne Anderson Rudnick Investment Management LLC lifted 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 buying an additional 378 shares in the last quarter. Cape Investment Advisory Inc. lifted its stake in shares of Dominion Energy by 175.4% during 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 in the last quarter. Fairway Wealth LLC purchased a new position in shares of Dominion Energy during the 4th quarter valued at $27,000. Orion Capital Management LLC purchased a new position in shares of Dominion Energy during the 4th quarter valued at $27,000. Finally, Park Square Financial Group LLC purchased a new position in shares of Dominion Energy during the 4th quarter valued at $27,000. Institutional investors own 73.04% of the company's stock.

Dominion Energy Trading Down 0.8%

NYSE:D traded down $0.45 during mid-day trading on Friday, hitting $56.98. 3,095,639 shares of the stock traded hands, compared to its average volume of 4,766,176. The stock has a market capitalization of $48.59 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.23 and a beta of 0.56. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $61.97. The firm's 50 day moving average is $55.57 and its two-hundred day moving average is $54.81. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.95 billion. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The firm's revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS. On average, equities research analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were given a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.69%. Dominion Energy's payout ratio is presently 100.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Morgan Stanley lowered their target price 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. JPMorgan Chase & Co. reiterated 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. UBS Group boosted their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, Argus upgraded shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $58.38.

About Dominion Energy

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.