Cobblestone Asset Management LLC Has $273,000 Holdings in Dominion Energy, Inc. (NYSE:D)

Cobblestone Asset Management LLC boosted its position in shares of Dominion Energy, Inc. (NYSE:D) by 12.1% in the first quarter, Holdings Channel reports. The fund owned 5,556 shares of the utilities provider’s stock after acquiring an additional 600 shares during the period. Cobblestone Asset Management LLC’s holdings in Dominion Energy were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of D. Assenagon Asset Management S.A. raised its stake in shares of Dominion Energy by 196.1% in 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 in the last quarter. Morgan Stanley raised its position in Dominion Energy by 12.8% in the third quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock worth $316,395,000 after purchasing an additional 803,341 shares in the last quarter. International Assets Investment Management LLC boosted its holdings 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 in the last quarter. Diversified Trust Co grew its stake in shares of Dominion Energy by 97.3% in the 4th 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 shares of Dominion Energy during the 4th quarter worth approximately $263,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Trading Down 1.8 %

Shares of NYSE:D traded down $0.88 during mid-day trading on Monday, reaching $48.12. The stock had a trading volume of 2,170,402 shares, compared to its average volume of 4,893,206. The firm has a 50 day simple moving average of $51.64 and a two-hundred day simple moving average of $48.73. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. The firm has a market cap of $40.30 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 1.31 and a beta of 0.59. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $54.74.

Dominion Energy (NYSE:D) last posted 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. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. Dominion Energy’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 EPS. On average, research analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, May 31st were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend was Friday, May 31st. Dominion Energy’s dividend payout ratio is 137.63%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and upped their price target for the company from $43.00 to $54.00 in a research report on Friday, May 10th. Barclays reduced their target price on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. BMO Capital Markets raised their price objective on shares of Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a research report on Monday, May 6th. StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Finally, Mizuho raised their price target on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $51.73.

Dominion Energy Company Profile

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.