Sfmg LLC Purchases Shares of 5,405 Dominion Energy, Inc. (NYSE:D)

Sfmg LLC acquired a new position in Dominion Energy, Inc. (NYSE:D) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,405 shares of the utilities provider’s stock, valued at approximately $266,000.

Several other institutional investors have also modified their holdings of D. Wellington Management Group LLP increased its holdings in shares of Dominion Energy by 13.2% in the fourth quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock valued at $869,184,000 after buying an additional 2,153,488 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Dominion Energy by 136.5% during the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock valued at $844,630,000 after purchasing an additional 10,370,768 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Dominion Energy by 1.0% in the 4th quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock valued at $357,769,000 after purchasing an additional 75,600 shares during the period. Norges Bank purchased a new position in Dominion Energy in the 4th quarter worth about $329,792,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Dominion Energy by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,885,024 shares of the utilities provider’s stock valued at $229,596,000 after acquiring an additional 187,726 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on D shares. BMO Capital Markets reduced their target price on Dominion Energy from $52.00 to $51.00 and set a “market perform” rating for the company in a report on Tuesday, July 9th. Bank of America upgraded shares of Dominion Energy from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $43.00 to $54.00 in a report on Friday, May 10th. Wells Fargo & Company increased their price target on Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Mizuho raised their price target on Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Finally, Barclays dropped their target price on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $51.64.

Dominion Energy Stock Performance

Dominion Energy stock traded down $0.94 on Monday, hitting $51.03. The company’s stock had a trading volume of 2,789,544 shares, compared to its average volume of 4,763,469. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $54.74. The firm has a market cap of $42.74 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 1.39 and a beta of 0.59. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37. The company has a fifty day moving average price of $51.36 and a 200-day moving average price of $48.88.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $4.34 billion. During the same period in the previous year, the business earned $0.99 EPS. The firm’s revenue was down 6.5% on a year-over-year basis. On average, equities analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.67 annualized dividend and a dividend yield of 5.23%. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

Dominion Energy 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.