Cutler Capital Management LLC Acquires New Position in Dominion Energy Inc (D)

Cutler Capital Management LLC purchased a new position in Dominion Energy Inc (NYSE:D) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,840 shares of the utilities provider’s stock, valued at approximately $754,000.

Other large investors have also recently bought and sold shares of the company. Semmax Financial Advisors Inc. acquired a new position in Dominion Energy in the fourth quarter valued at approximately $1,529,000. Spectrum Management Group Inc. acquired a new position in Dominion Energy in the first quarter valued at approximately $40,000. Motco boosted its stake in Dominion Energy by 0.9% in the fourth quarter. Motco now owns 51,862 shares of the utilities provider’s stock valued at $3,706,000 after acquiring an additional 476 shares during the period. UNIVEST FINANCIAL Corp boosted its stake in Dominion Energy by 12.2% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 5,031 shares of the utilities provider’s stock valued at $360,000 after acquiring an additional 546 shares during the period. Finally, Moody National Bank Trust Division boosted its stake in Dominion Energy by 0.8% in the fourth quarter. Moody National Bank Trust Division now owns 49,282 shares of the utilities provider’s stock valued at $3,521,000 after acquiring an additional 399 shares during the period. Institutional investors and hedge funds own 63.85% of the company’s stock.

Shares of NYSE D traded down $1.03 during trading on Wednesday, hitting $75.22. The company had a trading volume of 2,896,596 shares, compared to its average volume of 2,863,637. The stock has a market capitalization of $62.36 billion, a P/E ratio of 18.57, a P/E/G ratio of 3.81 and a beta of 0.23. Dominion Energy Inc has a 52 week low of $61.53 and a 52 week high of $78.14. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.61.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, May 3rd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.02). The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $4.84 billion. Dominion Energy had a net margin of 9.19% and a return on equity of 12.35%. Dominion Energy’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 EPS. On average, research analysts forecast that Dominion Energy Inc will post 4.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be given a dividend of $0.9175 per share. This represents a $3.67 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Thursday, June 6th. Dominion Energy’s payout ratio is 90.62%.

In related news, Director D Maybank Hagood purchased 1,965 shares of the stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average cost of $76.34 per share, for a total transaction of $150,008.10. Following the acquisition, the director now directly owns 2,975 shares in the company, valued at approximately $227,111.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert H. Spilman, Jr. sold 1,215 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $76.01, for a total transaction of $92,352.15. Following the transaction, the director now owns 23,598 shares in the company, valued at $1,793,683.98. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

A number of equities analysts have commented on D shares. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Monday, April 8th. Argus restated a “buy” rating on shares of Dominion Energy in a research note on Wednesday, February 27th. ValuEngine upgraded Dominion Energy from a “hold” rating to a “buy” rating in a research note on Thursday, May 23rd. TheStreet downgraded Dominion Energy from a “b” rating to a “c+” rating in a research report on Friday, May 3rd. Finally, Wolfe Research set a $79.00 price objective on Dominion Energy and gave the stock a “hold” rating in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $85.00.

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Dominion Energy Profile

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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