IRON Financial LLC Takes $552,000 Position in Dominion Energy Inc. (NYSE:D)

IRON Financial LLC purchased a new stake in Dominion Energy Inc. (NYSE:D - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,846 shares of the utilities provider's stock, valued at approximately $552,000.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its position in Dominion Energy by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider's stock worth $4,821,222,000 after acquiring an additional 674,859 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Dominion Energy by 4.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock valued at $1,667,540,000 after acquiring an additional 1,459,926 shares during the period. Geode Capital Management LLC raised its stake in Dominion Energy by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider's stock valued at $997,034,000 after acquiring an additional 601,900 shares during the period. Bank of America Corp DE raised its stake in Dominion Energy by 2.9% in the 4th quarter. Bank of America Corp DE now owns 11,946,195 shares of the utilities provider's stock valued at $643,422,000 after acquiring an additional 336,747 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in Dominion Energy by 0.6% during the 4th quarter. Canada Pension Plan Investment Board now owns 11,450,928 shares of the utilities provider's stock worth $616,747,000 after buying an additional 63,206 shares during the period. 73.04% of the stock is owned by institutional investors.

Dominion Energy Price Performance

Dominion Energy stock opened at $55.88 on Monday. Dominion Energy Inc. has a one year low of $40.45 and a one year high of $61.97. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53. The stock's 50 day moving average is $55.16 and its 200 day moving average is $54.70. The firm has a market cap of $47.65 billion, a P/E ratio of 20.93, a P/E/G ratio of 1.21 and a beta of 0.56.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The company's revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 earnings per share. As a group, research analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were issued a dividend of $0.6675 per share. The ex-dividend date was Thursday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.78%. Dominion Energy's dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Argus upgraded Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Morgan Stanley decreased their target price on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. Finally, UBS Group lifted their price target on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $58.38.

Dominion Energy Company 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.

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