Kanawha Capital Management LLC Boosts Position in Dominion Energy Inc. (NYSE:D)

Kanawha Capital Management LLC raised its stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,430 shares of the utilities provider's stock after acquiring an additional 7,326 shares during the period. Kanawha Capital Management LLC's holdings in Dominion Energy were worth $11,238,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC lifted its stake in 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 valued at $25,000 after acquiring an additional 378 shares in the last quarter. Cape Investment Advisory Inc. raised its stake in shares of Dominion Energy by 175.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after purchasing an additional 300 shares during the period. Fairway Wealth LLC bought a new stake in shares of Dominion Energy during the 4th quarter worth $27,000. Orion Capital Management LLC bought a new stake in shares of Dominion Energy during the 4th quarter worth $27,000. Finally, Park Square Financial Group LLC bought a new stake in shares of Dominion Energy during the 4th quarter worth $27,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

D traded down $0.45 during trading hours on Friday, hitting $56.98. The stock had a trading volume of 3,095,639 shares, compared to its average volume of 4,756,635. The company's fifty day simple moving average is $55.49 and its 200 day simple moving average is $54.78. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $61.97. The stock has a market cap of $48.59 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. 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 (NYSE:D - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.11. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same quarter last year, the firm posted $0.55 EPS. The firm's revenue for the quarter was up 12.2% on a year-over-year basis. Equities analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend was Thursday, May 29th. Dominion Energy's payout ratio is presently 100.00%.

Analyst Ratings Changes

A number of research firms have recently commented on D. Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Morgan Stanley lowered their target price 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. 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 note on Friday, March 21st. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and set a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. One 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 data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price 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.