V Square Quantitative Management LLC Buys 3,454 Shares of Dominion Energy, Inc. (NYSE:D)

V Square Quantitative Management LLC lifted its position in Dominion Energy, Inc. (NYSE:D) by 61.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,094 shares of the utilities provider’s stock after acquiring an additional 3,454 shares during the quarter. V Square Quantitative Management LLC’s holdings in Dominion Energy were worth $447,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Arlington Capital Management Inc. boosted its position in Dominion Energy by 1.2% in the first quarter. Arlington Capital Management Inc. now owns 16,476 shares of the utilities provider’s stock worth $810,000 after purchasing an additional 197 shares during the last quarter. Premier Path Wealth Partners LLC grew its position in Dominion Energy by 14.4% during the first quarter. Premier Path Wealth Partners LLC now owns 7,248 shares of the utilities provider’s stock valued at $357,000 after buying an additional 913 shares during the period. Hartford Financial Management Inc. increased its holdings in Dominion Energy by 1.8% during the first quarter. Hartford Financial Management Inc. now owns 46,983 shares of the utilities provider’s stock worth $2,311,000 after buying an additional 848 shares during the last quarter. Dakota Wealth Management raised its position in Dominion Energy by 41.1% in the first quarter. Dakota Wealth Management now owns 55,353 shares of the utilities provider’s stock worth $2,723,000 after acquiring an additional 16,137 shares during the period. Finally, Simplicity Wealth LLC purchased a new position in Dominion Energy in the first quarter valued at about $1,389,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Insider Buying and Selling

In other news, CEO Robert M. Blue purchased 21,735 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the acquisition, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Dominion Energy news, CEO Robert M. Blue acquired 21,735 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the transaction, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction on Wednesday, March 6th. The shares were bought at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the purchase, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on D shares. Barclays lowered their price objective on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Evercore ISI upped their price target on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. Mizuho lifted their price objective on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Finally, BMO Capital Markets lifted their price target on Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a research report on Monday, May 6th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $51.73.

Dominion Energy Trading Down 0.8 %

NYSE D traded down $0.44 on Wednesday, hitting $53.50. The company’s stock had a trading volume of 4,183,999 shares, compared to its average volume of 5,079,330. The firm has a market cap of $44.81 billion, a P/E ratio of 27.58, a PEG ratio of 1.85 and a beta of 0.59. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $54.74. The company’s 50-day simple moving average is $50.16 and its 200 day simple moving average is $47.84. 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 (NYSE:D) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 EPS. Research analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.67 annualized dividend and a dividend yield of 4.99%. Dominion Energy’s payout ratio is presently 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.