Seneca House Advisors Has $559,000 Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Seneca House Advisors increased its holdings in Dominion Energy, Inc. (NYSE:D) by 2.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 11,355 shares of the utilities provider’s stock after buying an additional 228 shares during the quarter. Seneca House Advisors’ holdings in Dominion Energy were worth $559,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Wealth Group LLC grew its stake in shares of Dominion Energy by 21.4% during the first quarter. Cornerstone Wealth Group LLC now owns 16,439 shares of the utilities provider’s stock valued at $809,000 after purchasing an additional 2,902 shares during the last quarter. Brown Miller Wealth Management LLC grew its stake in shares of Dominion Energy by 22.3% during the first quarter. Brown Miller Wealth Management LLC now owns 6,134 shares of the utilities provider’s stock valued at $301,000 after purchasing an additional 1,118 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in shares of Dominion Energy by 14.3% during the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 7,785 shares of the utilities provider’s stock valued at $383,000 after purchasing an additional 974 shares during the last quarter. Alpha Omega Wealth Management LLC grew its stake in shares of Dominion Energy by 4.4% during the first quarter. Alpha Omega Wealth Management LLC now owns 43,923 shares of the utilities provider’s stock valued at $2,161,000 after purchasing an additional 1,865 shares during the last quarter. Finally, Romano Brothers AND Company grew its stake in shares of Dominion Energy by 19.9% during the first quarter. Romano Brothers AND Company now owns 7,232 shares of the utilities provider’s stock valued at $356,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

NYSE:D traded down $0.61 on Friday, hitting $49.00. The company had a trading volume of 6,707,023 shares, compared to its average volume of 3,965,151. The stock has a market capitalization of $41.04 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 1.31 and a beta of 0.60. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. The firm has a 50 day moving average of $51.64 and a two-hundred day moving average of $48.73. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $54.74.

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

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, May 31st were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 5.45%. The ex-dividend date was Friday, May 31st. Dominion Energy’s dividend payout ratio (DPR) is currently 137.63%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. BMO Capital Markets increased their price objective on shares of Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a report on Monday, May 6th. StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Evercore ISI increased their price objective on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a report on Friday, May 3rd. Finally, Mizuho increased their price objective on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $51.73.

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.