TrueMark Investments LLC Purchases 8,765 Shares of Dominion Energy Inc. (NYSE:D)

TrueMark Investments LLC raised its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 12.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,406 shares of the utilities provider's stock after purchasing an additional 8,765 shares during the period. TrueMark Investments LLC's holdings in Dominion Energy were worth $4,508,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cape Investment Advisory Inc. increased its position in 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 buying an additional 300 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Dominion Energy by 450.0% in the fourth 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 during the period. BankPlus Trust Department acquired a new position in shares of Dominion Energy in the fourth quarter valued at about $26,000. Fairway Wealth LLC bought a new position in Dominion Energy during the fourth quarter worth about $27,000. Finally, Orion Capital Management LLC acquired a new stake in Dominion Energy in the 4th quarter worth about $27,000. 73.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Morgan Stanley decreased their target price on shares of 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. Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. 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 report on Tuesday, April 8th. Finally, UBS Group increased their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $58.38.

Dominion Energy Price Performance

Shares of D stock traded up $0.12 during trading hours on Tuesday, reaching $56.00. The company's stock had a trading volume of 7,562,942 shares, compared to its average volume of 4,696,821. Dominion Energy Inc. has a fifty-two week low of $47.99 and a fifty-two week high of $61.97. The firm's 50 day simple moving average is $55.02 and its 200-day simple moving average is $54.69. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $47.75 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 1.21 and a beta of 0.56.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, beating 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 business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period last year, the firm posted $0.55 earnings per share. Dominion Energy's revenue was up 12.2% compared to the same quarter last year. Sell-side analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

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. This represents a $2.67 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend was Thursday, May 29th. Dominion Energy's dividend payout ratio (DPR) is presently 100.00%.

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.