Harbor Capital Advisors Inc. bought a new stake in Dominion Energy, Inc. (NYSE:D - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 20,847 shares of the utilities provider's stock, valued at approximately $1,169,000.
Several other institutional investors have also recently bought and sold shares of D. Cape Investment Advisory Inc. increased its position 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 acquiring an additional 300 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in Dominion Energy by 450.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after purchasing an additional 378 shares during the last quarter. BankPlus Trust Department acquired a new stake in Dominion Energy in the 4th quarter worth $26,000. Fairway Wealth LLC acquired a new position in shares of Dominion Energy during the fourth quarter valued at about $27,000. Finally, Orion Capital Management LLC bought a new stake in shares of Dominion Energy in the fourth quarter valued at about $27,000. Institutional investors own 73.04% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on D. UBS Group lifted their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Morgan Stanley lowered their price objective on Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 22nd. Finally, Argus upgraded 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 given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Dominion Energy currently has an average rating of "Hold" and a consensus target price of $58.63.
Read Our Latest Stock Report on Dominion Energy
Dominion Energy Price Performance
D stock traded down $0.42 during trading on Friday, hitting $55.49. The company had a trading volume of 4,288,998 shares, compared to its average volume of 4,568,232. The company has a fifty day moving average price of $54.58 and a two-hundred day moving average price of $54.87. Dominion Energy, Inc. has a fifty-two week low of $47.99 and a fifty-two week high of $61.97. The company has a market cap of $47.32 billion, a P/E ratio of 20.55, a P/E/G ratio of 1.22 and a beta of 0.56. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.
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 return on equity of 8.99% and a net margin of 16.22%. The company had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $3.95 billion. During the same period last year, the business earned $0.55 earnings per share. The business's revenue was up 12.2% on a year-over-year basis. Equities research analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.
Dominion Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders 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 dividend yield of 4.81%. The ex-dividend date is Thursday, May 29th. Dominion Energy's payout ratio is 100.00%.
Dominion Energy Profile
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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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