Meridian Wealth Management LLC Invests $744,000 in Dominion Energy Inc. (D)
Meridian Wealth Management LLC purchased a new 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 fund purchased 9,589 shares of the utilities provider’s stock, valued at approximately $744,000.
Other hedge funds have also modified their holdings of the company. Tradewinds Capital Management LLC raised its stake in Dominion Energy by 1.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock worth $101,000 after buying an additional 13 shares during the last quarter. Enterprise Financial Services Corp raised its stake in Dominion Energy by 62.6% in the first quarter. Enterprise Financial Services Corp now owns 1,376 shares of the utilities provider’s stock worth $107,000 after buying an additional 530 shares during the last quarter. Clean Yield Group purchased a new stake in Dominion Energy during the first quarter worth $117,000. Bollard Group LLC raised its stake in Dominion Energy by 0.9% in the first quarter. Bollard Group LLC now owns 1,516 shares of the utilities provider’s stock worth $118,000 after buying an additional 13 shares during the last quarter. Finally, Advantage Investment Management LLC raised its stake in Dominion Energy by 247.7% in the first quarter. Advantage Investment Management LLC now owns 1,582 shares of the utilities provider’s stock worth $123,000 after buying an additional 1,127 shares during the last quarter. Institutional investors own 66.12% of the company’s stock.
Dominion Energy Inc. (NYSE D) traded down 0.55% during midday trading on Friday, hitting $77.39. The stock had a trading volume of 1,462,487 shares. Dominion Energy Inc. has a 12-month low of $69.51 and a 12-month high of $81.65. The company has a 50-day moving average price of $77.07 and a 200-day moving average price of $77.23. The company has a market cap of $49.73 billion, a price-to-earnings ratio of 22.40 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 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.94 billion. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS. Equities analysts anticipate that Dominion Energy Inc. will post $3.64 EPS for the current 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 paid 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 3.90%. Dominion Energy’s payout ratio is currently 87.28%.
Several brokerages have commented on D. Royal Bank Of Canada set a $77.00 price target on shares of Dominion Energy and gave the company a “hold” rating in a research note on Saturday, June 3rd. Deutsche Bank AG increased their price target on shares of Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Citigroup Inc. dropped their price target on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 26th. Finally, Morgan Stanley dropped their price target on shares of Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Monday, May 8th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Dominion Energy currently has an average rating of “Hold” and an average 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.
Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy Inc. (NYSE:D).
Receive News & Ratings for Dominion Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.