Dominion Energy, Inc. (NYSE:D) Shares Acquired by Mather Group LLC.

Mather Group LLC. lifted its position in Dominion Energy, Inc. (NYSE:D) by 11.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,399 shares of the utilities provider’s stock after purchasing an additional 443 shares during the quarter. Mather Group LLC.’s holdings in Dominion Energy were worth $216,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC purchased a new stake in shares of Dominion Energy in the second quarter valued at about $74,000. Bank & Trust Co purchased a new stake in Dominion Energy during the 2nd quarter valued at approximately $41,000. Woodstock Corp raised its stake in Dominion Energy by 14.0% during the 2nd quarter. Woodstock Corp now owns 18,169 shares of the utilities provider’s stock valued at $890,000 after acquiring an additional 2,225 shares during the last quarter. ST Germain D J Co. Inc. lifted its position in Dominion Energy by 47.5% during the 2nd quarter. ST Germain D J Co. Inc. now owns 10,236 shares of the utilities provider’s stock worth $502,000 after acquiring an additional 3,294 shares during the period. Finally, Versant Capital Management Inc grew its stake in shares of Dominion Energy by 15.2% in the 2nd quarter. Versant Capital Management Inc now owns 2,552 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 337 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on D shares. BMO Capital Markets upped their price target on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday. Scotiabank reduced their target price on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Wells Fargo & Company boosted their price target on shares of Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Mizuho raised their price objective on shares of 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 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $52.18.

Dominion Energy Price Performance

D stock traded up $1.22 during midday trading on Wednesday, hitting $55.39. 1,134,868 shares of the stock were exchanged, compared to its average volume of 4,644,798. The stock’s 50-day moving average price is $51.29 and its 200-day moving average price is $49.52. 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 stock has a market cap of $46.39 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 1.50 and a beta of 0.58. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $57.60.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.68%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 earnings per share. Research analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.82%. 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.