Congress Asset Management Co. MA bought a new stake in Dominion Energy, Inc. (NYSE:D – Get Rating) during the first quarter, according to the company in its latest 13F filing with the Securities & Exchange Commission. The fund bought 3,445 shares of the utility provider, valued at around $293,000.
A number of other large investors also bought and sold shares of D. DeDora Capital Inc. bought a new stake in shares of Dominion Energy in Q1 worth $27,000. West Bancorporation Inc. purchased a new equity stake in Dominion Energy in Q4 for $30,000. Comprehensive Financial Consultants Institutional Inc. purchased a new stake in Dominion Energy stock in Q4 for $30,000. Rather & Kittrell Inc. purchased a new stake in Dominion Energy stock in Q4 for $31,000. Finally, Standard Family Office LLC purchased a new equity stake in Dominion Energy in Q4 for $32,000. Institutional investors hold 68.39% of the company’s shares.
Several equity research analysts have recently released reports on D shares. StockNews.com began covering Dominion Energy in a report on Thursday, March 31. They issued a “holding” rating on the stock. KeyCorp raised its price target on Dominion Energy from $90.00 to $92.00 and gave the company an “overweight” rating in a Wednesday, April 20 report. UBS Group lowered its target price on Dominion Energy from $99.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Morgan Stanley lowered its target price on Dominion Energy from $91.00 to $87.00 and set an “equal weight” rating for the company in a Monday, May 23 research note. One analyst rated the stock with a sell rating, four gave the stock a hold rating and three gave the stock a buy rating. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $84.57.
D opened at $81.24 on Friday. Dominion Energy, Inc. has a 12-month low of $70.37 and a 12-month high of $88.78. The stock has a market capitalization of $65.91 billion, a price/earnings ratio of 22.69, a PEG ratio of 3.14 and a beta of 0.42. The company has a debt ratio of 1.42, a current ratio of 0.79 and a quick ratio of 0.65. The company has a fifty-day moving average price of $81.13 and a 200-day moving average price of $81.11.
Dominion Energy (NYSE:D – Get Rating) last released quarterly earnings data on Thursday, May 5. The utility provider reported earnings per share (EPS) of $1.18 for the quarter, missing the consensus estimate of $1.19 per ($0.01). The company posted revenue of $4.28 billion for the quarter, versus analyst estimates of $4.31 billion. Dominion Energy had a return on equity of 12.99% and a net margin of 20.81%. The company’s revenue increased by 10.6% compared to the same quarter last year. In the same period a year earlier, the company posted earnings of $1.09 per share. On average, research analysts expect Dominion Energy, Inc. to post earnings per share of 4.11 for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 20. Shareholders of record on Friday, June 3 received a dividend of $0.6675 per share. The ex-dividend date was Thursday, June 2. This represents an annualized dividend of $2.67 and a dividend yield of 3.29%. Dominion Energy’s dividend payout ratio is currently 74.58%.
About Dominion Energy (Get a rating)
Dominion Energy, Inc produces and distributes energy. The Company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina and Contract Assets. The Dominion Energy Virginia segment generates, transmits and distributes regulated electricity to residential, commercial, industrial and government customers in Virginia and North Carolina.
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