Everett Harris & Co. CA Grows Stock Position in Dominion Energy, Inc. (NYSE:D)

Everett Harris & Co. CA lifted its stake in Dominion Energy, Inc. (NYSE:D) by 23.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,669 shares of the utilities provider’s stock after buying an additional 10,690 shares during the period. Everett Harris & Co. CA’s holdings in Dominion Energy were worth $2,738,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of D. Ridgewood Investments LLC grew its stake in shares of Dominion Energy by 0.9% in the first quarter. Ridgewood Investments LLC now owns 24,536 shares of the utilities provider’s stock worth $1,207,000 after purchasing an additional 210 shares during the last quarter. Lantz Financial LLC grew its stake in shares of Dominion Energy by 4.0% in the first quarter. Lantz Financial LLC now owns 5,823 shares of the utilities provider’s stock worth $286,000 after purchasing an additional 222 shares during the last quarter. Seneca House Advisors grew its stake in shares of Dominion Energy by 2.0% in the first quarter. Seneca House Advisors now owns 11,355 shares of the utilities provider’s stock worth $559,000 after purchasing an additional 228 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Dominion Energy by 11.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,455 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 259 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Dominion Energy by 41.7% in the fourth quarter. Capital Advisors Ltd. LLC now owns 921 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 271 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

D has been the topic of several research reports. Evercore ISI lifted 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. BMO Capital Markets lifted 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. StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Wells Fargo & Company lifted their price objective on Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Finally, Barclays cut their price objective 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. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $51.73.

Dominion Energy Stock Up 1.4 %

Shares of D stock traded up $0.67 during trading hours on Thursday, hitting $49.21. 2,091,856 shares of the company’s stock traded hands, compared to its average volume of 3,751,427. The stock’s fifty day simple moving average is $51.50 and its two-hundred day simple moving average is $48.73. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $54.74. The stock has a market cap of $41.22 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 1.30 and a beta of 0.58. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period in the previous year, the business earned $0.99 EPS. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were issued a $0.6675 dividend. The ex-dividend date was Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a yield of 5.43%. Dominion Energy’s payout ratio is currently 137.63%.

Dominion Energy Company 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.