Bryn Mawr Capital Management LLC lifted its position in Dominion Energy Inc. (NYSE:D - Free Report) by 23.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,979 shares of the utilities provider's stock after acquiring an additional 16,670 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Dominion Energy were worth $4,933,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sowell Financial Services LLC bought a new stake in shares of Dominion Energy in the first quarter valued at about $314,000. QRG Capital Management Inc. raised its holdings in Dominion Energy by 13.8% in the first quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider's stock worth $503,000 after purchasing an additional 1,087 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Dominion Energy by 114.8% in the first quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock worth $680,000 after purchasing an additional 6,462 shares in the last quarter. Bessemer Group Inc. raised its holdings in Dominion Energy by 7.0% in the first quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider's stock worth $527,000 after purchasing an additional 616 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in Dominion Energy by 222.7% in the first quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider's stock worth $51,000 after purchasing an additional 628 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.
Dominion Energy Stock Performance
Shares of D stock traded up $0.48 during trading hours on Friday, hitting $58.09. The company's stock had a trading volume of 5,448,740 shares, compared to its average volume of 5,390,597. The company has a 50 day moving average of $56.03 and a 200 day moving average of $55.03. The stock has a market cap of $49.54 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 1.24 and a beta of 0.56. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $61.97.
Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the prior year, the firm posted $0.55 EPS. The business's quarterly revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.
Dominion Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend was Thursday, May 29th. Dominion Energy's payout ratio is 100.00%.
Wall Street Analyst Weigh In
A number of brokerages have commented on D. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a report on Tuesday. UBS Group upped their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Argus upgraded shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. Finally, Morgan Stanley cut their price objective on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. One investment 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.com, the company presently has a consensus rating of "Hold" and an average price target of $58.88.
Read Our Latest Analysis on D
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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