Dakota Wealth Management Raises Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Dakota Wealth Management raised its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 41.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,353 shares of the utilities provider's stock after purchasing an additional 16,137 shares during the quarter. Dakota Wealth Management's holdings in Dominion Energy were worth $2,723,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Ridgewood Investments LLC increased its holdings in Dominion Energy by 0.9% in the first quarter. Ridgewood Investments LLC now owns 24,536 shares of the utilities provider's stock worth $1,207,000 after buying an additional 210 shares during the last quarter. Lantz Financial LLC increased its holdings in Dominion Energy by 4.0% in the first quarter. Lantz Financial LLC now owns 5,823 shares of the utilities provider's stock worth $286,000 after buying an additional 222 shares during the last quarter. Providence Capital Advisors LLC increased its holdings in Dominion Energy by 0.6% in the third quarter. Providence Capital Advisors LLC now owns 36,772 shares of the utilities provider's stock worth $1,643,000 after buying an additional 228 shares during the last quarter. Seneca House Advisors increased its holdings in Dominion Energy by 2.0% in the first quarter. Seneca House Advisors now owns 11,355 shares of the utilities provider's stock worth $559,000 after buying an additional 228 shares during the last quarter. Finally, Valmark Advisers Inc. increased its holdings in Dominion Energy by 3.9% in the third quarter. Valmark Advisers Inc. now owns 6,674 shares of the utilities provider's stock worth $298,000 after buying an additional 250 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on D. Evercore ISI lifted their price target on Dominion Energy from $47.00 to $53.00 and gave the stock an "in-line" rating in a research report on Friday, May 3rd. Bank of America raised shares of Dominion Energy from an "underperform" rating to a "neutral" rating and increased their price target for the company from $43.00 to $54.00 in a report on Friday, May 10th. BMO Capital Markets upped their price objective on shares of Dominion Energy from $51.00 to $52.00 and gave the company a "market perform" rating in a research report on Monday, May 6th. Guggenheim lowered their price target on Dominion Energy from $57.00 to $52.00 and set a "buy" rating on the stock in a research note on Monday, March 4th. Finally, StockNews.com upgraded Dominion Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 10th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $51.73.

Dominion Energy Trading Up 0.5 %

Shares of NYSE D traded up $0.28 during mid-day trading on Monday, hitting $53.78. The company's stock had a trading volume of 3,654,111 shares, compared to its average volume of 5,105,675. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $54.74. The company's fifty day simple moving average is $49.91 and its 200-day simple moving average is $47.72. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. The stock has a market cap of $45.05 billion, a price-to-earnings ratio of 27.72, a price-to-earnings-growth ratio of 1.84 and a beta of 0.59.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the prior year, the business posted $0.99 EPS. The firm's quarterly revenue was down 6.5% on a year-over-year basis. On average, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.96%. Dominion Energy's dividend payout ratio is 137.63%.

Insider Activity

In other Dominion Energy news, CEO Robert M. Blue purchased 21,735 shares of the stock in a transaction on Monday, March 4th. The stock was bought at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the acquisition, the chief executive officer now directly owns 176,240 shares of the company's stock, valued at $8,091,178.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Joseph M. Rigby acquired 2,130 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the acquisition, the director now owns 8,417 shares in the company, valued at $395,093.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert M. Blue bought 21,735 shares of the company's stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the transaction, the chief executive officer now owns 176,240 shares in the company, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. 0.12% of the stock is owned by company insiders.

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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