Green Square Capital LLC Buys New Position in Dominion Energy Inc. (D)
Green Square Capital LLC bought a new stake in shares of Dominion Energy Inc. (NYSE:D) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,177 shares of the utilities provider’s stock, valued at approximately $557,000.
Several other large investors have also recently made changes to their positions in the stock. Iowa State Bank increased its position in Dominion Energy by 1.4% in the first quarter. Iowa State Bank now owns 65,351 shares of the utilities provider’s stock valued at $5,069,000 after buying an additional 892 shares in the last quarter. Tompkins Financial Corp increased its position in Dominion Energy by 511.1% in the first quarter. Tompkins Financial Corp now owns 27,690 shares of the utilities provider’s stock valued at $2,080,000 after buying an additional 23,159 shares in the last quarter. First National Bank & Trust Co. of Newtown increased its position in Dominion Energy by 0.7% in the first quarter. First National Bank & Trust Co. of Newtown now owns 7,256 shares of the utilities provider’s stock valued at $563,000 after buying an additional 50 shares in the last quarter. Integrated Wealth Management increased its position in Dominion Energy by 11.2% in the first quarter. Integrated Wealth Management now owns 6,311 shares of the utilities provider’s stock valued at $490,000 after buying an additional 637 shares in the last quarter. Finally, Atria Investments LLC increased its position in Dominion Energy by 27.0% in the first quarter. Atria Investments LLC now owns 21,977 shares of the utilities provider’s stock valued at $1,705,000 after buying an additional 4,668 shares in the last quarter. 66.12% of the stock is currently owned by institutional investors and hedge funds.
Dominion Energy Inc. (NYSE D) traded down 0.55% during mid-day trading on Friday, hitting $77.39. 1,462,487 shares of the stock were exchanged. The company has a 50 day moving average of $77.07 and a 200 day moving average of $77.23. The firm has a market cap of $49.73 billion, a P/E ratio of 22.40 and a beta of 0.28. Dominion Energy Inc. has a 12-month low of $69.51 and a 12-month high of $81.65.
Dominion Energy (NYSE:D) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The company had revenue of $2.81 billion for 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 firm’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 earnings per share. On average, equities analysts anticipate that Dominion Energy Inc. will post $3.64 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be issued a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend is Wednesday, August 30th. Dominion Energy’s payout ratio is currently 87.28%.
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A number of research analysts have commented on D shares. Barclays PLC reissued an “overweight” rating and set a $89.00 target price (up previously from $80.00) on shares of Dominion Energy in a research report on Sunday, April 23rd. Zacks Investment Research downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. BidaskClub downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Citigroup Inc. cut their target price on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 26th. Finally, Deutsche Bank AG raised their target price on shares of Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Dominion Energy has an average rating of “Hold” and an average target price of $80.57.
Dominion Energy Company Profile
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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