Blue Edge Capital LLC Raises Stake in Dominion Energy Inc. (NYSE:D)
Blue Edge Capital LLC increased its stake in Dominion Energy Inc. (NYSE:D) by 0.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,522 shares of the utilities provider’s stock after buying an additional 6 shares during the period. Blue Edge Capital LLC’s holdings in Dominion Energy were worth $1,126,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Salem Investment Counselors Inc. boosted its stake in Dominion Energy by 123.0% in the first quarter. Salem Investment Counselors Inc. now owns 9,233 shares of the utilities provider’s stock valued at $714,000 after buying an additional 5,092 shares in the last quarter. Janus Capital Management LLC boosted its stake in Dominion Energy by 252.4% in the first quarter. Janus Capital Management LLC now owns 820,785 shares of the utilities provider’s stock valued at $63,668,000 after buying an additional 587,880 shares in the last quarter. First Financial Equity Corporation bought a new stake in Dominion Energy during the first quarter valued at approximately $462,000. Archford Capital Strategies LLC boosted its stake in Dominion Energy by 4.5% in the first quarter. Archford Capital Strategies LLC now owns 18,255 shares of the utilities provider’s stock valued at $1,417,000 after buying an additional 780 shares in the last quarter. Finally, Altavista Wealth Management Inc. boosted its stake in Dominion Energy by 20.8% in the first quarter. Altavista Wealth Management Inc. now owns 5,985 shares of the utilities provider’s stock worth $464,000 after buying an additional 1,032 shares during the period. Institutional investors and hedge funds own 66.12% of the company’s stock.
Dominion Energy Inc. (D) traded down 0.40% during mid-day trading on Friday, reaching $77.51. 382,661 shares of the company’s stock were exchanged. Dominion Energy Inc. has a 52-week low of $69.51 and a 52-week high of $81.65. The stock has a 50-day moving average price of $77.11 and a 200 day moving average price of $77.21. The company has a market cap of $49.81 billion, a PE ratio of 22.43 and a beta of 0.28.
Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 EPS. Equities analysts predict that Dominion Energy Inc. will post $3.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 1st will be issued a dividend of $0.755 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.02 dividend on an annualized basis and a yield of 3.88%. Dominion Energy’s dividend payout ratio (DPR) is 87.28%.
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D has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Tuesday, July 11th. BidaskClub cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Barclays PLC reiterated an “overweight” rating and issued a $89.00 target price (up from $80.00) on shares of Dominion Energy in a research note on Sunday, April 23rd. Morgan Stanley reduced their target price on shares of Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a research note on Monday, May 8th. Finally, Citigroup Inc. reduced their target price on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, July 26th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $80.57.
About Dominion Energy
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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