Dominion Energy, Inc. (NYSE:D) Shares Purchased by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC boosted its holdings in Dominion Energy, Inc. (NYSE:D) by 65.3% during the 1st quarter, Holdings Channel reports. The fund owned 8,429 shares of the utilities provider’s stock after acquiring an additional 3,330 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Dominion Energy were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. Criterion Capital Advisors LLC bought a new stake in shares of Dominion Energy during the 4th quarter worth $29,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Dominion Energy in the fourth quarter worth approximately $30,000. Rise Advisors LLC acquired a new stake in shares of Dominion Energy during the first quarter worth approximately $30,000. Venturi Wealth Management LLC grew its position in Dominion Energy by 84.5% during the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 310 shares in the last quarter. Finally, Janiczek Wealth Management LLC grew its position in Dominion Energy by 20,100.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 804 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

NYSE:D traded down $1.00 during trading hours on Monday, hitting $48.00. 3,524,306 shares of the company traded hands, compared to its average volume of 4,904,031. The stock has a market capitalization of $40.20 billion, a price-to-earnings ratio of 24.78, a P/E/G 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. The firm has a 50-day moving average of $51.64 and a 200 day 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.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the prior year, the company posted $0.99 EPS. The business’s revenue was down 6.5% on a year-over-year basis. On average, analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend was Friday, May 31st. Dominion Energy’s payout ratio is 137.63%.

Wall Street Analyst Weigh In

D has been the topic of a number of research analyst reports. Evercore ISI boosted their price objective on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. Mizuho boosted their target price on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. StockNews.com raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Guggenheim decreased their target price on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Finally, Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $43.00 to $54.00 in a research report on Friday, May 10th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.