Poplar Forest Capital LLC Acquires 6,627 Shares of Dominion Energy, Inc. (NYSE:D)

Poplar Forest Capital LLC lifted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 1.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 602,818 shares of the utilities provider’s stock after buying an additional 6,627 shares during the period. Dominion Energy makes up about 4.1% of Poplar Forest Capital LLC’s portfolio, making the stock its 7th biggest holding. Poplar Forest Capital LLC’s holdings in Dominion Energy were worth $29,538,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Family Firm Inc. acquired a new position in shares of Dominion Energy during the 2nd quarter valued at $27,000. Rise Advisors LLC acquired a new position in shares of Dominion Energy during the 1st quarter valued at $30,000. LRI Investments LLC acquired a new position in shares of Dominion Energy during the 1st quarter valued at $30,000. Triad Wealth Partners LLC acquired a new position in shares of Dominion Energy during the 2nd quarter valued at $33,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Dominion Energy during the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.4 %

Shares of D traded down $0.23 during midday trading on Friday, hitting $57.11. The company had a trading volume of 2,582,535 shares, compared to its average volume of 4,480,816. The company’s 50 day moving average price is $53.60 and its 200 day moving average price is $51.22. The stock has a market cap of $47.83 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 1.54 and a beta of 0.60. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $58.13. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.09. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 EPS. On average, equities research analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The firm 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 $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

Wall Street Analysts Forecast Growth

D has been the topic of several recent research reports. BMO Capital Markets lifted their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Scotiabank lifted their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $54.00.

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.