Sciencast Management LP purchased a new stake in shares of Dominion Energy Inc (NYSE:D) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 27,694 shares of the utilities provider’s stock, valued at approximately $1,819,000. Dominion Energy comprises approximately 0.9% of Sciencast Management LP’s holdings, making the stock its 2nd biggest position.
Other large investors have also recently bought and sold shares of the company. We Are One Seven LLC purchased a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $111,000. Lee Financial Co grew its holdings in shares of Dominion Energy by 1,549.0% during the first quarter. Lee Financial Co now owns 1,616 shares of the utilities provider’s stock valued at $109,000 after buying an additional 1,518 shares during the last quarter. KHP Capital LLC purchased a new stake in shares of Dominion Energy during the first quarter valued at approximately $137,000. Macroview Investment Management LLC purchased a new stake in shares of Dominion Energy during the first quarter valued at approximately $144,000. Finally, Centaurus Financial Inc. purchased a new stake in Dominion Energy in the first quarter worth approximately $147,000. Hedge funds and other institutional investors own 67.39% of the company’s stock.
Several equities research analysts recently issued reports on D shares. UBS Group cut shares of Dominion Energy from a “buy” rating to a “neutral” rating and set a $85.00 target price on the stock. in a report on Friday, March 16th. JPMorgan Chase & Co. cut shares of Dominion Energy from an “overweight” rating to a “neutral” rating and set a $74.00 target price on the stock. in a report on Friday, March 16th. Bank of America cut shares of Dominion Energy from a “buy” rating to a “neutral” rating and raised their target price for the stock from $69.15 to $79.00 in a report on Tuesday, March 20th. Hilliard Lyons set a $76.00 target price on shares of Dominion Energy and gave the stock a “buy” rating in a report on Thursday, March 29th. Finally, Zacks Investment Research cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $75.21.
Dominion Energy opened at $64.72 on Thursday, according to MarketBeat. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.31 and a current ratio of 0.46. Dominion Energy Inc has a 1-year low of $61.53 and a 1-year high of $85.30. The company has a market capitalization of $41.25 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 2.55 and a beta of 0.28.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, April 27th. The utilities provider reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.11. Dominion Energy had a net margin of 23.74% and a return on equity of 12.88%. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same period last year, the firm earned $0.97 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. equities analysts anticipate that Dominion Energy Inc will post 4.08 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 20th. Shareholders of record on Friday, June 1st will be given a $0.835 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $3.34 annualized dividend and a yield of 5.16%. Dominion Energy’s payout ratio is presently 92.78%.
Dominion Energy Company Profile
Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy Inc (NYSE:D).
Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.