Dorsey & Whitney Trust CO LLC Grows Stock Position in Dominion Energy, Inc. (NYSE:D)

Dorsey & Whitney Trust CO LLC lifted its stake in Dominion Energy, Inc. (NYSE:D) by 51.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,963 shares of the utilities provider’s stock after buying an additional 4,390 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Dominion Energy were worth $638,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Criterion Capital Advisors LLC purchased a new position in Dominion Energy in the fourth quarter valued at $29,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Dominion Energy in the 4th quarter valued at about $30,000. Rise Advisors LLC acquired a new position in Dominion Energy in the 1st quarter worth about $30,000. Venturi Wealth Management LLC boosted 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 worth $32,000 after purchasing an additional 310 shares in the last quarter. Finally, Janiczek Wealth Management LLC grew its holdings in Dominion Energy by 20,100.0% in 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 during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on D. BMO Capital Markets decreased their price objective on shares of Dominion Energy from $52.00 to $51.00 and set a “market perform” rating on the stock in a report on Tuesday, July 9th. Barclays decreased 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. Wells Fargo & Company boosted their price target on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” 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 note on Friday, May 10th. Finally, Evercore ISI increased their target price 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. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. 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 Down 0.3 %

D stock traded down $0.16 during trading on Friday, hitting $51.41. 2,679,517 shares of the company’s stock were exchanged, compared to its average volume of 4,713,928. The stock has a market capitalization of $43.06 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.39 and a beta of 0.58. 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, Inc. has a 52-week low of $39.18 and a 52-week high of $54.74. The business has a 50-day moving average price of $51.28 and a two-hundred day moving average price of $49.01.

Dominion Energy (NYSE:D) last posted 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. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period last year, the firm posted $0.99 EPS. As a group, equities research analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were paid a $0.6675 dividend. The ex-dividend date was Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.19%. Dominion Energy’s dividend payout ratio (DPR) is currently 137.63%.

About Dominion Energy

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.