Kimelman & Baird LLC Continues to Hold Stake in Dominion Energy Inc. (D)
Kimelman & Baird LLC maintained its position in Dominion Energy Inc. (NYSE:D) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,200 shares of the utilities provider’s stock at the end of the first quarter. Kimelman & Baird LLC’s holdings in Dominion Energy were worth $403,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the company. Sheets Smith Wealth Management increased its stake in Dominion Energy by 2.6% in the first quarter. Sheets Smith Wealth Management now owns 3,081 shares of the utilities provider’s stock valued at $239,000 after buying an additional 78 shares in the last quarter. Bank of Montreal Can increased its stake in Dominion Energy by 6.8% in the first quarter. Bank of Montreal Can now owns 432,917 shares of the utilities provider’s stock valued at $33,581,000 after buying an additional 27,629 shares in the last quarter. Regentatlantic Capital LLC increased its stake in Dominion Energy by 1.9% in the first quarter. Regentatlantic Capital LLC now owns 8,082 shares of the utilities provider’s stock valued at $627,000 after buying an additional 147 shares in the last quarter. First National Bank of Omaha increased its stake in Dominion Energy by 12.3% in the first quarter. First National Bank of Omaha now owns 3,650 shares of the utilities provider’s stock valued at $283,000 after buying an additional 400 shares in the last quarter. Finally, TNB Financial acquired a new stake in Dominion Energy during the first quarter valued at about $1,141,000. 66.12% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Dominion Energy Inc. (NYSE:D) traded down 0.55% on Friday, reaching $77.39. The company’s stock had a trading volume of 1,462,487 shares. The stock has a 50-day moving average of $77.07 and a 200 day moving average of $77.23. The stock has a market capitalization of $49.73 billion, a price-to-earnings ratio of 22.40 and a beta of 0.28. Dominion Energy Inc. has a 52 week low of $69.51 and a 52 week high of $81.65.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the business posted $0.71 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts expect that Dominion Energy Inc. will post $3.64 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be paid 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 dividend payout ratio is 87.28%.
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D has been the subject of a number of research analyst reports. Barclays PLC reiterated an “overweight” rating and issued a $89.00 price target (up from $80.00) on shares of Dominion Energy in a report on Sunday, April 23rd. Morgan Stanley lowered their price target on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a report on Monday, May 8th. Royal Bank Of Canada set a $77.00 price target on Dominion Energy and gave the company a “hold” rating in a report on Saturday, June 3rd. Zacks Investment Research downgraded Dominion Energy from a “hold” rating to a “sell” rating in a report on Monday, June 12th. Finally, BidaskClub downgraded Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently 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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