Seneca House Advisors Increases Holdings in Dominion Energy, Inc. (NYSE:D)

Seneca House Advisors boosted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,355 shares of the utilities provider’s stock after purchasing an additional 228 shares during the period. Seneca House Advisors’ holdings in Dominion Energy were worth $559,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of D. Criterion Capital Advisors LLC purchased a new position in shares of Dominion Energy during the 4th quarter worth approximately $29,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Dominion Energy in the 4th quarter worth approximately $30,000. Rise Advisors LLC purchased a new stake in shares of Dominion Energy in the 1st quarter worth approximately $30,000. Venturi Wealth Management LLC grew its stake in shares of Dominion Energy by 84.5% in the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after buying an additional 310 shares during the last quarter. Finally, Janiczek Wealth Management LLC grew its stake in shares of Dominion Energy by 20,100.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock worth $38,000 after buying an additional 804 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of Dominion Energy stock traded down $0.61 during trading hours on Friday, reaching $49.00. The stock had a trading volume of 6,707,023 shares, compared to its average volume of 3,965,151. The stock’s 50 day moving average is $51.64 and its 200 day moving average is $48.73. The firm has a market capitalization of $41.04 billion, a PE ratio of 25.26, a PEG ratio of 1.31 and a beta of 0.60. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $54.74. 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 released its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The company’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.99 earnings per share. Equities analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 5.45%. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

Analyst Ratings Changes

Several research firms recently issued reports on D. Evercore ISI upped their price objective on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $43.00 to $54.00 in a research report on Friday, May 10th. BMO Capital Markets upped their price objective 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. Guggenheim lowered their price target on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Finally, StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $51.73.

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.