Dominion Energy Inc. (D) Position Maintained by Seaward Management Limited Partnership
Seaward Management Limited Partnership held its stake in shares of Dominion Energy Inc. (NYSE:D) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 16,557 shares of the utilities provider’s stock at the end of the first quarter. Seaward Management Limited Partnership’s holdings in Dominion Energy were worth $1,284,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Farmers & Merchants Investments Inc. increased its stake in shares of Dominion Energy by 8.4% in the first quarter. Farmers & Merchants Investments Inc. now owns 77,570 shares of the utilities provider’s stock worth $6,017,000 after buying an additional 6,000 shares during the last quarter. Reliance Trust Co. of Delaware increased its stake in shares of Dominion Energy by 2.7% in the first quarter. Reliance Trust Co. of Delaware now owns 14,666 shares of the utilities provider’s stock worth $1,138,000 after buying an additional 392 shares during the last quarter. First United Bank Trust increased its stake in shares of Dominion Energy by 1.0% in the first quarter. First United Bank Trust now owns 23,232 shares of the utilities provider’s stock worth $1,802,000 after buying an additional 227 shares during the last quarter. Regent Investment Management LLC purchased a new stake in shares of Dominion Energy during the first quarter worth approximately $209,000. Finally, Oliver Luxxe Assets LLC increased its stake in shares of Dominion Energy by 57.0% in the first quarter. Oliver Luxxe Assets LLC now owns 43,201 shares of the utilities provider’s stock worth $3,351,000 after buying an additional 15,690 shares during the last quarter. Institutional investors and hedge funds own 64.83% of the company’s stock.
Shares of Dominion Energy Inc. (NYSE:D) traded up 0.3861% on Tuesday, reaching $77.9799. 401,726 shares of the company’s stock were exchanged. Dominion Energy Inc. has a 1-year low of $69.51 and a 1-year high of $81.65. The stock’s 50-day moving average price is $77.05 and its 200-day moving average price is $77.26. The company has a market capitalization of $50.11 billion, a P/E ratio of 22.5702 and a beta of 0.28.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 EPS. Analysts anticipate that Dominion Energy Inc. will post $3.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Wednesday, August 30th. Dominion Energy’s dividend payout ratio is currently 87.28%.
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D has been the subject of a number of research analyst reports. Barclays PLC reaffirmed an “overweight” rating and issued a $89.00 target price (up from $80.00) on shares of Dominion Energy in a report on Sunday, April 23rd. Zacks Investment Research cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Monday, June 12th. BidaskClub cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Citigroup Inc. dropped their target price on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, July 26th. Finally, Deutsche Bank AG increased their target price on shares of Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average 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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