Wilbanks Smith & Thomas Asset Management LLC Has $3.11 Million Holdings in Dominion Energy Inc (D)
Wilbanks Smith & Thomas Asset Management LLC raised its stake in shares of Dominion Energy Inc (NYSE:D) by 6.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 38,312 shares of the utilities provider’s stock after acquiring an additional 2,396 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Dominion Energy were worth $3,106,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of D. MPS Loria Financial Planners LLC bought a new position in shares of Dominion Energy in the second quarter valued at about $103,000. Johnson Financial Group Inc. raised its holdings in shares of Dominion Energy by 146.8% in the third quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock valued at $103,000 after buying an additional 800 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Dominion Energy by 183.2% in the third quarter. Parkside Financial Bank & Trust now owns 1,546 shares of the utilities provider’s stock valued at $119,000 after buying an additional 1,000 shares during the last quarter. MHI Funds LLC bought a new position in shares of Dominion Energy in the fourth quarter valued at about $119,000. Finally, Chicago Partners Investment Group LLC raised its holdings in shares of Dominion Energy by 160.8% in the third quarter. Chicago Partners Investment Group LLC now owns 1,565 shares of the utilities provider’s stock valued at $120,000 after buying an additional 965 shares during the last quarter. 64.57% of the stock is owned by institutional investors.
A number of research analysts recently issued reports on the company. UBS Group initiated coverage on Dominion Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $85.00 price target for the company. Bank of America dropped their price objective on Dominion Energy from $80.00 to $79.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Hilliard Lyons raised Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Tuesday, January 30th. Gabelli reissued a “hold” rating on shares of Dominion Energy in a report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. raised Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price objective for the company in a report on Thursday, December 14th. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $82.09.
Shares of Dominion Energy Inc (NYSE D) opened at $74.99 on Monday. The firm has a market capitalization of $47,943.21, a PE ratio of 15.15, a price-to-earnings-growth ratio of 2.60 and a beta of 0.20. Dominion Energy Inc has a twelve month low of $71.96 and a twelve month high of $85.30. The company has a current ratio of 0.47, a quick ratio of 0.29 and a debt-to-equity ratio of 1.67.
Dominion Energy (NYSE:D) last posted its earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.02. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.47 billion. Dominion Energy had a return on equity of 12.99% and a net margin of 24.92%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 EPS. equities analysts anticipate that Dominion Energy Inc will post 4.04 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Friday, March 2nd will be given a dividend of $0.835 per share. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.77. This represents a $3.34 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Thursday, March 1st. Dominion Energy’s payout ratio is presently 62.73%.
Dominion Energy Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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