Schnieders Capital Management LLC Acquires 31,945 Shares of Dominion Energy Inc. (NYSE:D)

Key Points

• Schnieders Capital Management LLC increased its stake in Dominion Energy Inc. by 39.0%, acquiring an additional 31,945 shares, bringing its total holdings to 113,798 shares worth approximately $6.38 million.
• Dominion Energy reported a quarterly earnings miss with an EPS of $0.75 compared to analysts' estimate of $0.77, but its revenue rose 9.3% year-over-year to $3.81 billion.
• The company declared a quarterly dividend of $0.6675, resulting in an annualized dividend payment of $2.67 and a yield of 4.4%, with a payout ratio of 92.07%.

Schnieders Capital Management LLC boosted its position in Dominion Energy Inc. (NYSE:D - Free Report) by 39.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,798 shares of the utilities provider's stock after acquiring an additional 31,945 shares during the quarter. Dominion Energy accounts for approximately 1.4% of Schnieders Capital Management LLC's portfolio, making the stock its 20th largest holding. Schnieders Capital Management LLC's holdings in Dominion Energy were worth $6,381,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sowell Financial Services LLC purchased a new stake in Dominion Energy during the 1st quarter valued at about $314,000. QRG Capital Management Inc. boosted its stake in shares of Dominion Energy by 13.8% during the first 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 period. Farther Finance Advisors LLC grew its holdings in shares of Dominion Energy by 114.8% in the first quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock worth $680,000 after purchasing an additional 6,462 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Dominion Energy by 7.0% in the first quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider's stock worth $527,000 after buying an additional 616 shares during the period. Finally, Golden State Wealth Management LLC increased its stake in shares of Dominion Energy by 222.7% in the first quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider's stock worth $51,000 after buying an additional 628 shares during the period. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Trading Up 1.2%

Dominion Energy stock traded up $0.71 during mid-day trading on Thursday, reaching $61.68. 5,413,687 shares of the company traded hands, compared to its average volume of 4,886,368. The firm's 50 day moving average price is $57.09 and its 200 day moving average price is $55.55. The firm has a market capitalization of $52.64 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 1.32 and a beta of 0.57. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.53. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $61.98.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%. The company had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $3.73 billion. During the same quarter last year, the business earned $0.65 earnings per share. The business's quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts anticipate 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 Saturday, September 20th. Shareholders of record on Friday, September 5th will be issued a $0.6675 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.3%. Dominion Energy's dividend payout ratio is 92.07%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on D shares. Morgan Stanley cut their price target on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy presently has a consensus rating of "Hold" and a consensus target price of $59.14.

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.