Fort Pitt Capital Group LLC boosted its stake in shares of Dominion Energy Inc (NYSE:D) by 5.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,725 shares of the utilities provider’s stock after acquiring an additional 547 shares during the quarter. Fort Pitt Capital Group LLC’s holdings in Dominion Energy were worth $822,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc raised its stake in shares of Dominion Energy by 1.7% in the third quarter. Vanguard Group Inc now owns 49,883,013 shares of the utilities provider’s stock worth $3,505,778,000 after purchasing an additional 825,191 shares during the last quarter. D.A. Davidson & CO. grew its holdings in Dominion Energy by 22.0% during the fourth quarter. D.A. Davidson & CO. now owns 18,797 shares of the utilities provider’s stock valued at $1,343,000 after purchasing an additional 3,390 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Dominion Energy in the fourth quarter worth $70,000. Advisors Asset Management Inc. raised its position in shares of Dominion Energy by 41.0% in the fourth quarter. Advisors Asset Management Inc. now owns 212,309 shares of the utilities provider’s stock worth $15,172,000 after buying an additional 61,747 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Dominion Energy by 20.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,066 shares of the utilities provider’s stock worth $76,000 after buying an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 63.80% of the company’s stock.
Several research analysts have recently commented on the company. Zacks Investment Research downgraded Dominion Energy from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. ValuEngine raised Dominion Energy from a “hold” rating to a “buy” rating in a research report on Thursday, May 23rd. TheStreet lowered shares of Dominion Energy from a “b” rating to a “c+” rating in a report on Friday, May 3rd. KeyCorp initiated coverage on shares of Dominion Energy in a research note on Tuesday, June 4th. They set a “sector weight” rating for the company. Finally, Credit Suisse Group set a $77.00 target price on shares of Dominion Energy and gave the company a “hold” rating in a research note on Monday, April 22nd. Twelve equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Dominion Energy has an average rating of “Hold” and an average price target of $85.85.
Dominion Energy stock traded down $2.24 during mid-day trading on Wednesday, hitting $76.46. The stock had a trading volume of 4,012,820 shares, compared to its average volume of 4,376,327. The stock has a market cap of $63.56 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 3.92 and a beta of 0.26. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.61 and a quick ratio of 0.44. The company has a 50 day moving average of $76.18. Dominion Energy Inc has a one year low of $67.23 and a one year high of $79.47.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, May 3rd. The utilities provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.02). Dominion Energy had a net margin of 9.19% and a return on equity of 12.35%. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $4.84 billion. During the same period last year, the company earned $1.14 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, research analysts predict that Dominion Energy Inc will post 4.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, June 7th were issued a dividend of $0.9175 per share. This represents a $3.67 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend was Thursday, June 6th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.62%.
Dominion Energy Company 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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