Stablepoint Partners LLC Buys 19,125 Shares of Dominion Energy, Inc. (NYSE:D)

Stablepoint Partners LLC increased its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 29.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,075 shares of the utilities provider's stock after buying an additional 19,125 shares during the period. Stablepoint Partners LLC's holdings in Dominion Energy were worth $4,714,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Dominion Energy during the 4th quarter valued at $473,354,000. American Century Companies Inc. grew its position in shares of Dominion Energy by 207.7% during the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider's stock valued at $202,724,000 after purchasing an additional 2,540,713 shares in the last quarter. Marshall Wace LLP grew its position in shares of Dominion Energy by 8,585.3% during the 4th quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider's stock valued at $119,048,000 after purchasing an additional 2,184,873 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Dominion Energy by 4.9% during 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 purchasing an additional 1,459,926 shares in the last quarter. Finally, Zimmer Partners LP purchased a new position in shares of Dominion Energy during the 4th quarter valued at $72,269,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

Dominion Energy stock opened at $55.94 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $47.70 billion, a PE ratio of 20.72, a P/E/G ratio of 1.22 and a beta of 0.57. The firm has a fifty day simple moving average of $54.45 and a two-hundred day simple moving average of $54.96. Dominion Energy, Inc. has a twelve month low of $47.99 and a twelve month high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the prior year, the firm posted $0.55 earnings per share. The company's quarterly revenue was up 12.2% compared to the same quarter last year. Research analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be issued a $0.6675 dividend. The ex-dividend date is Thursday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.77%. Dominion Energy's dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on D. UBS Group lifted their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Argus raised shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Finally, Morgan Stanley dropped their price objective on shares of Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating for the company in a report on Thursday, May 22nd. One investment 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 company currently has a consensus rating of "Hold" and a consensus price target of $58.63.

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.

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