Lindbrook Capital LLC grew its holdings in shares of Dominion Energy, Inc. (NYSE:D – Get Rating) by 4.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,941 shares of the utilities provider’s stock after acquiring an additional 455 shares during the quarter. Lindbrook Capital LLC’s holdings in Dominion Energy were worth $930,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of D. Riverview Trust Co increased its holdings in shares of Dominion Energy by 47.2% during the first quarter. Riverview Trust Co now owns 1,537 shares of the utilities provider’s stock worth $131,000 after buying an additional 493 shares in the last quarter. Transcend Capital Advisors LLC increased its holdings in Dominion Energy by 4.7% in the 1st quarter. Transcend Capital Advisors LLC now owns 5,173 shares of the utilities provider’s stock worth $440,000 after purchasing an additional 234 shares in the last quarter. Canal Capital Management LLC raised its position in Dominion Energy by 19.6% in the first quarter. Canal Capital Management LLC now owns 13,935 shares of the utilities provider’s stock valued at $1,184,000 after purchasing an additional 2,283 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Dominion Energy by 17.5% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 3,760 shares of the utilities provider’s stock valued at $319,000 after purchasing an additional 559 shares in the last quarter. Finally, Elevated Capital Advisors LLC acquired a new stake in Dominion Energy during the 1st quarter worth approximately $1,412,000. 68.39% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently weighed in on D shares. Morgan Stanley reduced their price objective on shares of Dominion Energy from $91.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Monday, May 23rd. UBS Group decreased their price target on Dominion Energy from $99.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday. KeyCorp lifted their price objective on Dominion Energy from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 20th. Finally, StockNews.com assumed coverage on shares of Dominion Energy in a research report on Thursday, March 31st. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $84.57.
Dominion Energy (NYSE:D – Get Rating) last issued its earnings results on Thursday, May 5th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.01). Dominion Energy had a return on equity of 12.99% and a net margin of 20.81%. The company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same period in the prior year, the company earned $1.09 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. Research analysts predict that Dominion Energy, Inc. will post 4.11 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, June 20th. Investors of record on Friday, June 3rd were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Thursday, June 2nd. Dominion Energy’s payout ratio is 74.58%.
Dominion Energy Company Profile (Get Rating)
Dominion Energy, Inc produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
- Get a free copy of the StockNews.com research report on Dominion Energy (D)
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