John G Ullman & Associates Inc. Has $5.73 Million Stake in Dominion Energy Inc. (NYSE:D)

Key Points

• John G Ullman & Associates Inc. increased its stake in Dominion Energy Inc. by 13.0%, owning 102,246 shares valued at approximately $5.73 million.
• Dominion Energy recently reported quarterly earnings of $0.93 per share, exceeding analysts' expectations of $0.82, with revenue growth of 12.2% year-over-year.
• The company declared a quarterly dividend of $0.6675 per share, indicating a 4.54% annual yield with a payout ratio currently at 100%.

John G Ullman & Associates Inc. raised its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 13.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,246 shares of the utilities provider's stock after purchasing an additional 11,755 shares during the period. John G Ullman & Associates Inc.'s holdings in Dominion Energy were worth $5,733,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in D. Cadence Bank increased its position in shares of Dominion Energy by 2.0% during the 4th quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock worth $515,000 after purchasing an additional 189 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Dominion Energy by 3.3% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider's stock worth $338,000 after purchasing an additional 193 shares in the last quarter. Centre Asset Management LLC increased its position in shares of Dominion Energy by 3.3% during the 1st quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider's stock worth $350,000 after purchasing an additional 198 shares in the last quarter. Cornerstone Wealth Group LLC increased its position in Dominion Energy by 1.1% in the 1st quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider's stock valued at $1,022,000 after acquiring an additional 202 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its position in Dominion Energy by 4.6% in the 1st quarter. Verdence Capital Advisors LLC now owns 4,688 shares of the utilities provider's stock valued at $263,000 after acquiring an additional 208 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Trading Up 0.1%

Dominion Energy stock traded up $0.05 during midday trading on Friday, hitting $58.80. 2,908,618 shares of the stock were exchanged, compared to its average volume of 4,306,502. 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 Inc. has a 52 week low of $48.07 and a 52 week high of $61.97. The company has a fifty day simple moving average of $56.47 and a two-hundred day simple moving average of $55.21. The stock has a market capitalization of $50.14 billion, a PE 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 analysts' consensus estimates of $0.82 by $0.11. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The business's revenue was up 12.2% on a year-over-year basis. Equities research analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date was Thursday, May 29th. Dominion Energy's payout ratio is currently 100.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a research report on Tuesday, July 15th. Morgan Stanley lowered 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 research report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Dominion Energy has an average rating of "Hold" and a consensus price target of $58.88.

Dominion Energy Profile

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.