GSA Capital Partners LLP Invests $1.75 Million in Dominion Energy Inc. (NYSE:D)

GSA Capital Partners LLP bought a new stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 31,252 shares of the utilities provider's stock, valued at approximately $1,752,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sowell Financial Services LLC acquired a new stake in shares of Dominion Energy during the 1st quarter worth about $314,000. QRG Capital Management Inc. grew its stake in shares of Dominion Energy by 13.8% in the 1st quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider's stock valued at $503,000 after purchasing an additional 1,087 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Dominion Energy by 114.8% in the 1st quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock valued at $680,000 after purchasing an additional 6,462 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Dominion Energy by 7.0% in the 1st quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider's stock valued at $527,000 after purchasing an additional 616 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its stake in shares of Dominion Energy by 222.7% in the 1st quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 628 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a research note on Tuesday, July 15th. Morgan Stanley decreased their price target on 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Dominion Energy currently has a consensus rating of "Hold" and a consensus price target of $58.88.

Dominion Energy Price Performance

D stock traded up $1.93 during midday trading on Friday, hitting $60.38. 7,651,932 shares of the stock were exchanged, compared to its average volume of 5,352,334. The stock's 50-day moving average price is $56.61 and its 200-day moving average price is $55.33. The stock has a market cap of $51.49 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.26 and a beta of 0.56. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $61.97. 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 issued its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 earnings per share. Research analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders of record on Friday, September 5th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, September 5th. Dominion Energy's dividend payout ratio is currently 100.00%.

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.