Ables Iannone Moore & Associates Inc. Purchases New Position in Dominion Energy, Inc. (NYSE:D)

Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Dominion Energy, Inc. (NYSE:DFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 12,405 shares of the utilities provider’s stock, valued at approximately $583,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of D. Assenagon Asset Management S.A. lifted its position in Dominion Energy by 196.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider’s stock valued at $18,451,000 after purchasing an additional 259,978 shares during the period. Morgan Stanley lifted its position in Dominion Energy by 12.8% during the third quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock valued at $316,395,000 after purchasing an additional 803,341 shares during the period. International Assets Investment Management LLC lifted its position in Dominion Energy by 1,797.9% during the fourth quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock valued at $7,798,000 after purchasing an additional 157,175 shares during the period. Diversified Trust Co lifted its position in Dominion Energy by 97.3% during the fourth quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider’s stock valued at $674,000 after purchasing an additional 7,071 shares during the period. Finally, Sapient Capital LLC bought a new position in Dominion Energy during the fourth quarter valued at approximately $263,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of D traded down $0.98 during trading hours on Monday, hitting $49.45. The stock had a trading volume of 6,135,961 shares, compared to its average volume of 4,964,065. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. The firm has a 50-day moving average price of $51.48 and a 200 day moving average price of $48.57. The firm has a market capitalization of $41.42 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 1.35 and a beta of 0.60. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $54.74.

Dominion Energy (NYSE:DGet Free Report) last released its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the prior year, the firm earned $0.99 earnings per share. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. As a group, research analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be given a $0.6675 dividend. The ex-dividend date is Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a yield of 5.40%. Dominion Energy’s payout ratio is currently 137.63%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on D. Guggenheim reduced their price objective on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Evercore ISI raised their target price on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. Wells Fargo & Company raised their target price on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. BMO Capital Markets raised their target price on shares of Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a research note on Monday, May 6th. Finally, Mizuho raised their target price on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average price target of $51.73.

Check Out Our Latest Analysis on D

Dominion Energy Company Profile

(Free Report)

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

Further Reading

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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