Chicago Capital LLC grew its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 215.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,629 shares of the utilities provider's stock after purchasing an additional 8,630 shares during the period. Chicago Capital LLC's holdings in Dominion Energy were worth $708,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Cape Investment Advisory Inc. grew its stake in Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after buying an additional 300 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings 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 worth $25,000 after acquiring an additional 378 shares during the period. BankPlus Trust Department acquired a new stake in shares of Dominion Energy during the 4th quarter worth approximately $26,000. Fairway Wealth LLC bought a new position in Dominion Energy in the fourth quarter valued at approximately $27,000. Finally, Orion Capital Management LLC acquired a new position in Dominion Energy during the fourth quarter valued at approximately $27,000. 73.04% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
D has been the topic of a number of research analyst reports. Morgan Stanley reduced their target price on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday. Argus raised Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. UBS Group boosted their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $58.38.
Check Out Our Latest Report on Dominion Energy
Dominion Energy Price Performance
D traded up $0.41 on Thursday, reaching $54.18. The stock had a trading volume of 10,128,604 shares, compared to its average volume of 4,627,787. The company has a market capitalization of $46.21 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 1.17 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. The firm has a 50-day moving average of $54.86 and a 200-day moving average of $54.74. Dominion Energy Inc. has a fifty-two week low of $47.99 and a fifty-two week high of $61.97.
Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) 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 business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same quarter last year, the business earned $0.55 EPS. The firm's quarterly revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current year.
Dominion Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.93%. The ex-dividend date is Thursday, May 29th. Dominion Energy's payout ratio is presently 100.00%.
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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