Adirondack Research & Management Inc. acquired a new stake in shares of Dominion Energy Inc (NYSE:D) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,826 shares of the utilities provider’s stock, valued at approximately $276,000.

Several other institutional investors have also recently made changes to their positions in D. Brooktree Capital Management bought a new position in shares of Dominion Energy during the 1st quarter valued at about $29,000. HBC Financial Services PLLC bought a new position in shares of Dominion Energy during the 4th quarter valued at about $33,000. Princeton Global Asset Management LLC purchased a new stake in Dominion Energy during the 4th quarter valued at about $34,000. Ballast Advisors LLC purchased a new stake in Dominion Energy during the 1st quarter valued at about $35,000. Finally, Atlas Private Wealth Management purchased a new stake in Dominion Energy during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 66.46% of the company’s stock.

Shares of D traded up $0.30 on Wednesday, reaching $86.53. The stock had a trading volume of 1,932,671 shares, compared to its average volume of 3,754,515. The firm has a market capitalization of $72.08 billion, a price-to-earnings ratio of 39.27, a price-to-earnings-growth ratio of 4.19 and a beta of 0.44. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.47 and a current ratio of 0.63. The company has a 50-day simple moving average of $79.49 and a 200-day simple moving average of $80.90. Dominion Energy Inc has a 12-month low of $57.79 and a 12-month high of $90.89.

Dominion Energy (NYSE:D) last released its earnings results on Tuesday, May 5th. The utilities provider reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.01). The firm had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.74 billion. Dominion Energy had a net margin of 10.80% and a return on equity of 11.97%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 EPS. On average, analysts expect that Dominion Energy Inc will post 4.33 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 20th. Stockholders of record on Friday, June 5th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Thursday, June 4th. Dominion Energy’s payout ratio is presently 88.68%.

Several brokerages recently weighed in on D. JPMorgan Chase & Co. dropped their target price on Dominion Energy from $87.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, May 27th. Barclays dropped their target price on Dominion Energy from $93.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, March 26th. UBS Group dropped their target price on Dominion Energy from $94.00 to $87.00 and set a “buy” rating for the company in a report on Friday, May 8th. Morgan Stanley dropped their target price on Dominion Energy from $86.00 to $84.00 and set an “equal weight” rating for the company in a report on Friday, May 15th. Finally, BMO Capital Markets began coverage on Dominion Energy in a report on Wednesday, February 19th. They set a “market perform” rating and a $91.00 target price for the company. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $84.47.

Dominion Energy Company Profile

Dominion Energy, Inc produces and transports energy. 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.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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